The Ethereum Foundation announced its financial policy, planning to reduce operating expenses to 5% of the long-term benchmark within five years
ChainCatcher message, the Ethereum Foundation has released a fiscal policy on its official blog. The mission of the Ethereum Foundation (EF) is to strengthen the Ethereum ecosystem and uphold its long-standing uncompromising core goal: to ensure that "applications run exactly as intended, with no possibility of downtime, censorship, fraud, or third-party interference."The role of the EF treasury is to support the foundation's long-term autonomy, sustainability, and legitimacy. The Ethereum Foundation (EF) is expected to continue as the long-term steward of the ecosystem, but its scope of responsibilities will gradually narrow. We plan to reduce annual operating expenditures approximately linearly over the next five years, ultimately maintaining a benchmark level of 5% in the long term.Funds will be frequently reallocated between different protocols due to market changes, asset diversification needs, or new revenue opportunities. Throughout the year, the EF will regularly assess the deviation of fiat-denominated assets in the treasury relative to the operating expenditure buffer target and decide whether to sell Ethereum and the amount to sell in the next three months based on this assessment. These Ethereum sales are typically conducted through fiat withdrawal channels or on-chain exchanges for fiat-denominated assets. Our current strategy includes independent staking and providing wETH to mature lending protocols. Core deployments will continue to be evaluated, but the overall positioning is for long-term holding. The EF may also borrow stablecoins and seek higher yields on-chain.