According to information shared by multiple on-chain data tracking platforms, the Ethereum Foundation deposited Ether (ETH) into several decentralized finance (DeFi) platforms on Thursday. Shortly thereafter, the Ethereum Foundation confirmed this news on the social platform X, stating that they had deployed 45,000 Ether (worth approximately $120 million) from their treasury, with the specifics as follows:
– Deposited 10,000 ETH into Spark
– Deposited 10,000 ETH into Aave Prime
– Deposited 20,800 ETH into Aave Core
– Deposited 4,200 ETH into Compound
The Ethereum Foundation also hinted at more actions to come, including exploring staking and soliciting community suggestions regarding fund deployment. According to lmk.fun, the wallet used by the Ethereum Foundation for DeFi operations still has 5,000 ETH left to deploy.
Recently, the Ethereum Foundation has faced criticism from the outside, with community concerns including its leadership structure, operational model, and financial plans. Subsequently, the Ethereum Foundation announced the establishment of a new wallet address to engage with the DeFi ecosystem, corroborating co-founder Vitalik Buterin’s earlier statement regarding the foundation’s organizational changes.
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