Researcher Proposes $1 Billion Plan to Save Ethereum
Dankrad Feist, a former Ethereum Foundation researcher, has referred to as on the neighborhood to construct a brand new ETH-aligned group with at the very least $1 billion in funding, arguing it’s the solely credible path to placing Ethereum again on a profitable trajectory.
His proposal, posted on X, arrives as at the very least eight senior EF members departed in 2026, with 5 leaving in May alone.
A Framework for ETH Alignment
Feist sketched out 4 necessities for the brand new physique. It wants at the very least $1 billion in credible funding and a reliable chief keen to combat for the protocol’s pursuits. A board explicitly accountable to ether (ETH) holders and a everlasting staking income stream would full the construction.
He put his case instantly.
“The neighborhood wants to create an organisation that’s economically aligned with Ethereum and accountable to it.”
Feist framed $1 billion as a proportionate place to begin, noting the determine is “very cheap for an ecosystem with $250b market cap,” shut to Ethereum’s present market capitalization of roughly $257 billion. A governance mechanism, he added, ought to permit the staking income allocation to be adjusted over time.
Routing staking earnings into the group completely would tie its incentives instantly to ETH’s value performance, moderately than relying on periodic discretionary grants or asset gross sales.
The Ethereum Foundation’s Shrinking Footprint
The Ethereum Foundation at the moment holds lower than 0.1% of all ETH and collects no share of staking or transaction payment revenues. Its treasury holds roughly 92,548 ETH, a determine that has fallen because the Foundation sold holdings to cowl working prices.
The EF did launch a staking initiative in February 2026 focusing on 70,000 ETH, aiming to generate native yield with out decreasing its treasury stability. Critics argue the transfer stops nicely in need of the financial alignment Feist envisions.
Feist joined Tempo, Stripe’s stablecoin blockchain, after leaving the EF. His departure was a part of a senior exodus that triggered an EF core staff overhaul earlier this yr.
ETH at the moment trades near $2,126, down roughly 57% from its peak above $4,900 final yr. Feist acknowledged that constructing consensus across the proposal could take time however described it as “the one means.”
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