Ethereum Foundation Justin Drake: The foundation's financial report will be released soon, and it is estimated that the foundation has about 10 years of funding reserves

2024-09-05 21:45:06

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ChainCatcher message, Ethereum Foundation's Justin Drake answered the question "How many years or months does the Ethereum Foundation have left before running out of funds?" during the AMA.

Justin Drake shared his personal understanding: "The Ethereum Foundation's financial report is expected to be released soon. At the current price, the EF spends about $100 million per year, and the EF's main Ethereum wallet holds about $650 million. The Ethereum Foundation (EF) has a fiat reserve that can cover several years of operating funds. (This is the part I understand the least. As Aya mentioned, Ethereum sales were temporarily paused due to regulatory reasons, so the reserves were only replenished recently.) Roughly estimated, the foundation has about 10 years of funding reserves. This funding reserve will fluctuate significantly due to the volatility of Ethereum's price."

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