In 5 hours, Iโll release the full list of your KOLs who were directly refunded by @unwisecap receiving substantial reimbursements after allegedly using unethical tactics such as coercion and threats to recover their funds. By doing so, they effectively became complicit in the scam drawing in and influencing investors who ultimately suffered losses
Yap early, yap only, yap often.
@KaitoAI is connecting AI, attention and capital with Yaps.
Just claimed my social card and I'm accumulating Yap points in real-time.
Claim yours ๐ https://t.co/B90tdCj2KH
I read the Ethereum Report 2024 budget report and here is whats needed to make EF sustainable:
- Cut be burn rate from 130M to 30M right away
- Cut the head count to 80 people
- Review carefully who can stay. Remove executive roles, advisories, any part time roles, interns, free riders, cockroaches and parasites
- Ban advisories or any conflict of interests
- Ensure that 80% of the headcount is technical
- All tech teams broken down to small 5-person teams with own focus areas and speciality
- Leadership should be 5 people committee, merit-based, with one is chair who is VB
- Part of the non-technical team is treasury management (do it in-house)
- Diversify treasury into various LRSTs and also to DeFi projects and non-DeFi that have good fundamentals and are profitable and build on Ethereum
- Diversify staking yields into stablecoins and supply into DeFi
- Borrow from Aave to manage treasury and time sales when ETH outperforms everything else
- Create a sustainable revenue model from transactions or staking fees that can fund a reasonable EF budget
Currently EF has an expenses and treasury problem. Lets fix it.