Former Ethereum Foundation researcher Dankrad Feist has called for a new community-led organization with a $1 billion treasury to better align incentives with Ethereum's growth.
On Thursday, Feist outlined his proposal on X, arguing that the Ethereum Foundation lacks sufficient economic leverage because it controls less than 0.1 percent of all ETH and receives no direct staking or fee revenue. He suggested the new entity should feature permanent funding through staking revenues, a board incentivized by ETH appreciation, and leadership focused on competitiveness rather than ideology alone. Feist stated, “The way to save Ethereum is for the community to create an organization that’s economically aligned with Ethereum and accountable to it.”
