The Ethereum Foundation, a non-profit organization supporting Ethereum (ETH), recently invested 45,000 ETH into various DeFi protocols. The platforms benefiting from this investment include the Spark Protocol, Aave Prime, Aave Core, and the Compound Protocol. According to a post on X, the Ethereum Foundation allocated 10,000 ETH to the Spark Protocol, another 10,000 ETH to Aave Prime, 20,800 ETH to Aave Core, and 4,200 ETH to Compound Finance. With the current price of ETH at $2,613.68, this investment is valued at approximately $117.62 million. Through their X account, the Ethereum Foundation expressed gratitude to the community for their efforts in ensuring security. They emphasized that Aave CEO and founder Stani Kulechov stated the foundation’s contributions to Aave Prime (10,000 ETH) and Aave Core (20,800 ETH) are among the largest ever made in the DeFi sector. The CEO also expressed optimism about this initiative, stating that “DeFi will win” as the foundation bolstered the liquidity of the Aave platform. This move is part of the Ethereum Foundation’s broader efforts to promote growth within the Ethereum ecosystem and garner support. Interestingly, the foundation was previously known for directly selling ETH on the market. According to Lookonchain on X, the foundation sold approximately 4,000 ETH directly in January 2024. This transaction drew widespread criticism from the cryptocurrency community due to its potentially negative impact on the Ethereum price. In response to the criticism, the Ethereum Foundation developed a new approach to interact with DeFi platforms, earning rewards without negatively affecting their performance or prices. Vitalik Buterin also commented on the transactions and the leadership of the Ethereum Foundation. Regarding the organization’s staking decisions, he noted that regulatory concerns and potential splits within the blockchain were the main reasons behind these decisions. The Ethereum Foundation also hinted at future initiatives of this kind, suggesting that this funding allocation will not be their last. Additionally, the foundation publicly announced its decision to explore staking and invited the community to provide suggestions and feedback. Read More