Ethereum Foundation Allocates $165M in ETH for DeFi Participation
- The Ethereum Foundation is allocating 50,000 ether (ETH) worth approximately $165.3 million.
- A 3-of-5 multisig wallet will be set up through Safe for this initiative.
- An initial test transaction was sent to the lending protocol Aave.
- The Foundation’s treasury shrank by 39% to $970.2 million as of Oct. 31.
- Vitalik Buterin confirmed ongoing changes in the Foundation’s leadership structure.
The Ethereum Foundation is deploying $165.3 million worth of ETH into the DeFi ecosystem, using a multisig wallet and testing with Aave, amid leadership restructuring and a reduced treasury value of $970.2 million.
Source (2.6)https://www.coindesk.com/business/2025/01/20/ethereum-foundation-moves-165-m-in-eth-to-participate-in-de-fi?rand=52298
