Jan 27, 12:23 PM

Ethereum Foundation Allocates 50,000 ETH ($162M) to DeFi Amid Market Pressure

The Ethereum Foundation has sold 300 ETH in the first 27 days of 2025, with the most recent transaction involving the sale of 100 ETH for 307,893 DAI at an average price of $3,078.93. This comes amid a 7.33% drop in the ETH price on the same day. The Foundation's sales have been criticized for adding pressure to Ethereum's market value. In response to these challenges, the Ethereum Foundation has announced a strategic shift, allocating 50,000 ETH, valued at approximately $162 million, to enhance its participation in the decentralized finance (DeFi) ecosystem. This move marks a departure from its previous strategy of selling ETH to fund operations, aiming instead to generate passive income through DeFi protocols like Aave. The Foundation has set up a 3-of-5 multisig wallet to facilitate this, with a test transaction already completed on Aave, and plans to seed the wallet with around $150 million worth of ETH.

#Ethereum Foundation #Foundation #Ethereum #DeFi #Aave

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