⚠️ Ethereum Foundation Deploys $120M to DeFi ⚠️
State of play: The Ethereum Foundation (EF) has injected ~$120M worth of ETH into DeFi lending protocols to earn yields without selling its assets.
The foundation transferred 30,800 ETH into Aave, with 20,800 ETH directed to its core market and 10,000 ETH to Aave Prime.
EF also allocated 10,000 ETH to MakerDAO’s Spark, and supplied 4,200 ETH to Compound.
This strategy is expected to yield about $1.5M annually at a 1.5% supply rate.
The move comes as the foundation shifts its approach following previous criticism over treasury management practices, which involved selling ETH for operational needs.
The recent deployment follows an earlier consolidation of 50,000 ETH into a multi-sig wallet to further support DeFi protocols.
What’s next: EF’s strategy may prompt further adjustments in its governance and asset management approach. Community members have also suggested leadership changes, including replacing the executive director, Aya Miyaguchi.
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https://x.com/ethereumfndn/status/1889978208986280031