Ethereum Foundation Moves $165M in ETH to Participate in DeFi

The Ethereum Foundation, the organization that oversees the development of the second-largest blockchain by market capitalization, is allocating 50,000 ether (ETH) worth around $165.3 million at the time of writing to participate in the decentralized finance (DeFi) ecosystem.

The move will see the Foundation set up a 3-of-5 multisig wallet through Safe, which the organization wrote has “proven safe and has a great user experience.” An initial test transaction has been sent to the lending protocol Aave, one of the largest in the Ethereum ecosystem behind the liquid staking protocol Lido.

Participating in the DeFi ecosystem could help the Ethereum Foundation’s treasury grow after it shrunk by 39%in less than three years to $970.2 million as of Oct. 31. The nonprofit holds the majority of its treasury in ether, which recently dropped to a four-year lowagainst bitcoin.

According to Ethereum co-founder Vitalik Buterin, the organization has so far avoided staking its ETH to generate revenue through staking rewards over regulatory and neutrality concerns. At the current CESR Composite Ether Staking Rate, it would be able to generate a 3.31% yield on its ether holdings.

Over the weekend, Vitalik Buterin confirmed that the nonprofit is undergoing major changes in its leadership structure, a process that “has been ongoing for close to a year.”

In the stated goals, Buterin noted that the move was meant to improve the technical expertise within the Ethereum Foundation’s top brass, improve communications and ties between its leadership and the Ethereum ecosystem’s actors, and more actively support app builders, among other things.

He also pointed out that the Foundation isn’t looking to “execute some kind of ideological pivot” or aggressively lobby regulator, nor is it looking to become a highly centralized organization.

İlginizi Çekebilir:Dogecoin Whales Accumulate, SOL Hints at Consolidation as Market Takes a Breather
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

European Central Bank to Work on Settlement System for Distributed-Ledger Transactions
Polymarket Bettors Certain Ross Ulbricht Pardon Is on Trump’s Agenda
Metaplanet Spends Another $26M Buying Bitcoin, Lifting Holdings Above 2K BTC
Polymarket’s Customer Data Sought by CFTC Subpoena of Coinbase, Source Says
BlackRock Expands Tokenized Fund BUIDL Beyond Ethereum to Five New Blockchains
Institutions Go All In on Crypto: Sygnum Survey Reveals 57% Respondents Plan to Boost Allocations
Mariobet Resmi | © 2025 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.