The Ethereum Foundation allocated 50,000 ETH to several DEFI platforms in the midst of its change in the approach to the management of the Treasury.
On February 13, the Foundation announced via X that it had deposited 30,800 ETH, worth around 82 million dollars, in Aave, a leading leader praise. This included 20,800 ETH (equivalent to $ 56 million) placed on the main market in Aave and 10,000 ETH (around 27 million dollars) allocated to Aave Prime.
In addition, he moved 10,000 ETH (around 27 million dollars) to Spark, a loan platform linked to Makedao and 4,200 ETH (more than $ 11 million) to compose.
This decision comes in response to criticism on his past practice of liquidation of the ETH. To respond to these concerns, the Foundation transferred 50,000 ETH to a multi-signature portfolio last month to take care of the DEFI protocols instead of selling assets.
Crypto analyst Tom Wan stressed that the Foundation can now generate a passive return on its ETH operations. At a supply rate of 1.5%, these deposits could bring about 1.5 million dollars per year.
Although this represents only a tiny part of its expenses of 2023, Wan considers it a step towards a more sustainable management of the Treasury.
Meanwhile, the Foundation also alluded to other initiatives to improve its financial strategy, including potential implementation strategies.
