Ethereum Foundation’s Spending Breakdown: Vitalik Buterin Defends Massive Investments

TL;DR Vitalik Buterin and Josh Stark detailed Ethereum Foundation’s 2023 spending, providing a meticulous breakdown of expenses in each sector. Research and development in Layer-1 (L1) was the second largest expenditure, accounting for 24.9% of the budget, including grants for external teams and key projects. The Foundation responded to criticism regarding its DeFi investments and ...... source: https://crypto-economy.com/ethereum-foundations-spending-breakdown-vitalik-buterin-defends-massive-investments/