Vitalik reveals his annual salary for the first time, and the Ethereum Foundation discloses some expenditure details

Original title: "Vitalik's annual salary is exposed for the first time, and the Ethereum Foundation reveals the details of its expenditures"

Original author: Zhang joy, BlockTempo

Last week, the Ethereum Foundation once again transferred out 35,000 ETH (worth nearly $100 million), which aroused community doubts. Does the Ethereum Foundation really spend so much money on development every year? And criticized the Ethereum Foundation's expenditure report for not being transparent.

In response to this, ETHGlobal member Josh Stark posted on the social platform X yesterday (27) to announce important information about the Ethereum Foundation’s expenditure report to the community:

“Since EF spending has become a hot topic recently, we will respond to some major issues.”

The latest Ethereum Foundation expenditure report is being prepared

First, Stark said that the Ethereum Foundation is currently preparing an updated expenditure report, which will cover expenditures in 2022 and 2023 and will be released before the Devcon SEA conference (November).

At the same time, Stark also revealed the expenditure information in this report, including its internal and external expenditures, such as:

· L1 R&D includes funding for external project teams and internal expenditures of EF, of which internal expenditures account for 38% and external expenditures account for 62%.

· Internal expenditures include various EF teams, such as Geth, PSE, Solidity, Cryptography Research, Robust Incentive Group and Devcon.

In addition, Stark also emphasized the Ethereum Foundation’s grants to new institutions:

“In the picture I shared, the largest new category is new institutions. A key goal of the foundation is to help new organizations that can strengthen and support the Ethereum ecosystem in the long term. Under this category, our grants include:

· Nomic Foundation;

· Decentralized Research Center;

· L2Beat;

· 0xPARC Foundation;

· Other Ethereum-related organizations and institutions.

V God reveals his salary: 182,000 SGD per year

In response to Stark's explanation of the Foundation's funding situation, Ethereum founder Vitalik Buterin also forwarded that all key information about EF has been put into the chart by Stark, and more information will be updated in the future.

At the same time, when asked by a netizen Dark Crypto Larp about the salary issue that people are concerned about, V God also frankly revealed that his annual salary is 182,000 Singapore dollars (Singaporean currency, SGD), about 4.46 million New Taiwan dollars.

Dark Crypto Larp responded:

“Wow, that’s really low compared to what other big company executives get paid.

Big respect to Vitalik.”

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