Short News
  • Mustafa Mulla
    author-profile

    Mustafa Mulla right arrow

    Author

    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

    • author twitter
    • linkedin

  • Less than a minute

Ethereum Foundation Moves 49,200 ETH Into DeFi

The Ethereum Foundation (EF) has made a major move by depositing a total of 49,200 ETH into various DeFi platforms. According to on-chain data, EF transferred 4,200 ETH to Compound, 10,000 ETH to Aave, and a massive 30,800 ETH to Spark. Another 4,200 ETH was later added to the Compound. This comes after the community suggested that EF should generate funds through DeFi interest rather than selling ETH directly. The move signals a strategic shift, leveraging DeFi protocols to earn passive income while keeping their holdings intact. With Ethereumโ€™s price volatility, this decision could help sustain funding without impacting market liquidity.

Show More
Back to top button