Ethereum Foundation discloses spending: external spending accounts for more than 60%

Note: In the early morning of August 24, the Ethereum Foundation transferred 35,000 ETH to Kraken. In response to netizens' questions about financial disclosure, Aya Miyaguchi, executive director of the Ethereum Foundation, revealed that "the Ethereum Foundation has an annual budget of about 100 million US dollars, and plans to gradually sell the transferred 35,000 ETH". This has aroused netizens' attention to the transparency of the Ethereum Foundation.

Ethereum Foundation member Josh Stark posted a simple disclosure of the Ethereum Foundation's expenditure on Twitter, compiled by Jinse Finance xiaozou.

As follows:

EF (Ethereum Foundation) spending has been a topic of conversation lately, and here are some thoughts and answers to a few important questions we're seeing.

First, we are working on a new EF report covering 2022 and 2023, which we hope to release before Devcon SEA.

Here is a preview of the spending information in this upcoming report. Note: Ethereum founder Vitalik said in his reply that the key information is in the picture above, and the “New Institutions” category basically means Nomic Foundation, The DRC, L2beat, 0xPARC, etc.

These charts record internal and external spending. For example, "L1 R&D" includes both funding for external client teams and funding for internal EF researchers. In both years, internal spending accounted for about 38% and external spending accounted for about 62%.

• Internal spending

EF teams covered by internal spending include but are not limited to:

- Geth (geth.ethereum.org)

- Privacy & Scaling Explorations (PSE) (pse.dev)

- Solidity (soliditylang.org)

- Cryptography Research (crypto.ethereum.org/team)

- Robust Incentives Group (rig.ethereum.org)

- Dev con (devcon.org)

In the chart I shared above, the largest new category is “New Institutions”. A key goal of EF is to help build new organizations that can support and strengthen the Ethereum ecosystem in the long run.

This category involves funding for:

- Nomic Foundation (@NomicFoundation)

- Decentralization Research Centre (@TheDRC_)

- L2Beat (@l2beat)

- 0xPARC Foundation (@0xPARC)

- And other Ethereum-related and adjacent organizations