I'm confused by how the EF has such a high run rate

It seems like we need our own DOGE, or Department of Ethereum Efficiency, to tackle this and a bunch of other bloat across the ecosystem

Ethereum R&D || Bulbasaur Research intern

Their recent cast about using SAFE also led me to wonder where these funds were coming from prior? SAFE has been around for a few years and is pretty much the standard as a base layer for community, multisig vaults. Curious as to why its taken this long for EF to embrace it and how things were handled prior?

editor [redacted] prev: everyname (acq. Q4 '23)

off & onchain operations
<--->
Sharing ideas over at /workflow <--->
Problem solving is my jam😎
🎩

seemore.tv/free/fc/adam-

EF gives me the vibes of the traditional non profit industry, inefficient, sclerotic, and fundamentally not effective in what they do

Limited interaction with some of their grants team, but was somewhat unimpressed (despite successfully getting a grant)

It needs to be completely reformed to be more in lockstep with the current state of Ethereum, and Vitalik needs to initiate it

Their recent cast about using SAFE also led me to wonder where these funds were coming from prior? SAFE has been around for a few years and is pretty much the standard as a base layer for community, multisig vaults. Curious as to why its taken this long for EF to embrace it and how things were handled prior?

https://warpcast.com/adam-/0x38f97538

Source ethereum.foundation/report-2024.pdf

Identity and math

Co-founder at @icebreaker

icbk.me/web3pm.fc

Would you mind sharing the data or analysis that led you to the very high run rate conclusion?

Not asking because I disagree, just curious to learn