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Josh Stark
@js
0. Since EF spending has been a topic of conversation lately, here’s some thoughts and answers to some of the big questions we’ve seen. (cross-posted from x)
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Josh Stark
@js
1. First, we’ve been working on a new EF report, covering 2022 and 2023. We’re expecting to publish it before Devcon SEA. Here’s a preview of spend information from the upcoming report (exact figures TBD).
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Paul Miller
@paulm
I’ve visited ef addr on block explorer and the budget did not seem like it’s 100M/year. There have been a bunch of withdrawals, mostly 1000 eth per every few months for the last years. So, the 100M withdrawal / budget smells like bs. There should be some exact numbers posted somewhere.
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pa7x1
@pa7x1
Thanks for this. Transparency is important. Reports should be scheduled and timely published. For instance, the last report I could find is Q4 2022. Selling schedule should be algorithmic, based on target allocations and short term funding needs. Given its size the EF shouldn't be seen as playing market timing. Nor the market should infer any market timing from the EF. Make the schedule and target allocations clear and transparent and any selling will be seen as a non-event. Just my 2 cents. But what I'm missing from the EF regarding its finances.
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Rafaello.base.eth
@rafaello12
Very good read, I know the EF recently launched academic grants in 2024
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