Vitalik: Ethereum Foundation budget cut by 40%, will shift to long-term funding model
By: rootdata|2026/06/23 22:43:43
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According to Vitalik Buterin, the Ethereum Foundation (EF) will cut its budget by about 40% this year. Following its previously announced financial management plan, EF is transitioning from a model that spends about 15% of its remaining funds annually to a model that will spend about 5% annually after 2030, shifting towards a long-term donation-oriented organization.
To this end, EF will adjust its multi-client model, relying more on AI-assisted formal verification. The PSE privacy and scalability exploration team will shift from "exploration" to focusing on the construction around zero-knowledge proofs. The scale and losses of Devcon events will be reduced, and large projects beyond Ethereum itself will also decrease. EF's institutional work will focus on smaller, replicable CROPS-friendly deployment cases.
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