Odaily News The Ethereum Foundation (EF) has released its latest fiscal policy document, clarifying its asset management strategy, ETH sales mechanism, and long-term commitment to the DeFi ecosystem. The document states that EF currently sets annual operating expenses at 15% of total finances, retains a 2.5-year expenditure buffer, and will gradually transition to a long-term expenditure level of 5%, emphasizing increased support during market downturns and restraint in bull markets. In terms of crypto asset allocation, EF will give priority to supporting secure, decentralized, and open-source DeFi protocols, adopt methods such as wETH staking and stablecoin lending to obtain reasonable returns, and explore Tokenized RWA (tokenized real assets) configuration. At the same time, EF clearly supports the "Defipunk" concept, encourages KYC-free, self-custodial, and privacy-friendly DeFi protocols, and plans to use privacy standards, decentralized UI, and anti-censorship mechanisms as core evaluation criteria for fund deployment. EF stated that its own fiscal management will also gradually adopt decentralized, privacy-friendly tools and workflows to "live out" the crypto values it advocates and continue to provide long-term and robust support for the Ethereum ecosystem.