- Former developer Danclad Feist proposed creating an independent entity with at least $1 billion in funding.
- The Ethereum Foundation currently holds less than 0.1% of the total $ETH Cryptocurrency supply.
- Key researchers have recently left the organization, including Danny Ryan, Karl Beek, and Julian Marr.
Dissatisfaction with management Ethereum Foundation Things escalated following a former developer’s proposal to create a new organization aimed at supporting the value of the property.
This Thursday, Dunclad FeistThe creators of Danksharding’s scalability design raised the need to create an entity that is economically aligned with the community. According to Feist’s statement published in X, this new entity will include: Minimum funding amount is $1 billion Operate under competent leadership.
How to save Ethereum: The community needs to establish an organization that is economically aligned with and responsible for Ethereum.
Currently, EF accounts for less than 0.1% of the total. $ETH. There is no Ethereum staking or fee income stream.
If you want to restore Ethereum to its original state…
— Dankrad Feist (@dankrad) May 21, 2026
This initiative arises under the following circumstances: internal tension and the departure of prominent technical staff within the ecosystem.
Throughout this week, researchers carl beck and julian marr He resigned from his position. Formerly a researcher danny ryan left the organization again Co-founded Etherealizea division focused on institutional marketing and commercial promotion of protocols. Feist left his job last year to join the company. tempoa competing layer 1 network.
A system that emphasizes financial performance
This proposal aims to rectify what some community members perceive to be a lack of direct input. economic incentive In the current administration.
According to Feist’s approach, new organizations should be led by a board of directors that is accountable to the community. The guidelines proposed by the developers stipulate that the group’s main purpose is to implement commercial strategies that increase the value of cryptocurrencies. Financial market prices.
The proposed funding model considers the partial use of the revenue generated by the network. Staking mechanism.
Feist noted that in its current state, the foundation operates on a strictly non-profit basis and does not receive any revenue streams from transaction fees or validator staking. Additionally, the data presented by the developer shows that the assets held by the organization are: 0.1% of total circulating supply $ETHlimiting direct financial impact on the market.
Asset market capitalization exceeds $250 billionis trading in a range of $2,148.56, according to market data at the time of writing this news.
Technical discussions will also include the network roadmap and the central entity’s execution capabilities. During the internal restructuring period, Feist served as a strategic advisor in the areas of layer 1 scalability and user experience. Among his technical proposals: Ethereum improvement proposal EIP-9698 Notable companies have attempted to increase gas limits on their networks by a factor of 100 to reduce operating costs.
Despite differences over the organization’s direction, the outgoing developers’ technical contributions are supported by the network’s leadership. Vitalik ButerinThe co-creator of the platform has publicly expressed his recognition of Feist’s work, calling him an outstanding researcher who has made an invaluable contribution to the current development of the protocol.
The community is currently evaluating governance mechanisms in preparation for this formal announcement. new economic proposal In the upcoming technical discussion forum.
