Buterin Says Ethereum Foundation Cut 2026 Budget by About 40%
Summary
- Vitalik Buterin said the Ethereum Foundation cut its budget by about 40% this year.
- The Ethereum Foundation said it is shifting to an endowment-based organization that will lower its annual spending rate from remaining funds to about 5% over the long term.
- The Ethereum Foundation said it will continue to pursue Ethereum’s Strawmap roadmap — including consensus, proof systems and privacy — despite cutting about 20% of its workforce.
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Ethereum co-founder Vitalik Buterin said the Ethereum Foundation cut its budget by about 40% this year.
In a post on X on June 23, Buterin wrote that the foundation is shifting toward an endowment-based organization with a longer-term focus. It previously spent about 15% of its remaining funds each year, but plans to lower that to about 5% after 2030.
He said the budget cut was not merely an efficiency measure and involved real sacrifices. The organization has lost some important capabilities.
Still, the Ethereum Foundation will continue to pursue Ethereum’s Strawmap roadmap, including consensus, proof systems, privacy, the account model and other core infrastructure, he said.
Buterin added that this would mark Ethereum’s third generation. The first was early Ethereum, and the second was the Merge.
The Ethereum Foundation had earlier announced the completion of an organizational restructuring and said it cut 54 jobs, or about 20% of its workforce.
JH Kim
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