ETHGlobal

The Ethereum Foundation (EF) just made a strategic move by injecting nearly $120 million worth of ETH into DeFi protocols instead of selling it off like before.

Specifically:
• 10,000 ETH into Spark
• 10,000 ETH into Aave Prime
• 20,800 ETH into Aave Core
• 4,200 ETH into Compound

By doing this, EF can leverage its assets to generate returns, sustaining its operations without having to sell ETH on the market.

Earlier in January, EF faced pressure to restructure after controversy over its treasury asset sales to fund operations.

Based on EF's 2024 budget report, Aave's founder also shared proposals on "How can the Ethereum Foundation (EF) become more sustainable?"

It remains unclear how this move will impact the market, but one thing is certain EF is making changes.

@vitalik.eth