The Ethereum Foundation allocated $ 120 million in ether to decentralized financing protocols (DEFI), responding to the concerns of the community concerning the dependence of the ETH sales Foundation for funding.
On February 13, the Multipsin address of the Ethereum Foundation filed 4,200 ether 
Ethusd Compound, 10,000 ETH in Spark and 30,800 ETH in Aave. With the ETH which hovers at around $ 2,600, the total value of the 45,000 ETH deployed was around $ 120.4 million.
The founder and CEO of Aave, Stani Kulechov, said that the 30,800 ETH (around 82.4 million dollars) deployed in Aave Prime and Aave Core are the “largest deffi allowance” of the Ethereum Foundation. Kulechov also said: “Defi will win”, expressing optimism because the foundation has added liquidity to Aave.
In addition to Kulechov, many members of the community have celebrated the move, as this can reduce the need for the foundation to pour the ETH to guarantee funds for expenses.
The community celebrates the deployment of $ 120 million from the Ethereum Foundation
Podcastor Mark Jeffrey described this decision as “intelligent”, saying that the loan is the beating heart of Defi and Aave is the “heart beating loans”.
An X user saw development as a victory, encouraging the community by saying that what he was doing and that he had to “continue”. Meanwhile, another user said it would be “a positive thing” if the Ethereum Foundation continued to use their funds in this way.
0xnessus, the pseudonym co-founder of Lending Protocol Hyperlend, said that it was crazy that the foundation begins to engage with the applications DEFI after many years. “All we had to do was intimidated them,” wrote the executive on X.
The sale of ETH of the Ethereum Foundation invites criticism
In January, many called the Ethereum Foundation for the sale of ETH to cover its operating expenses and pay for its staff.
The co-author of the Ethereum improvement proposal (EIP-1559), Eric Conner, said that the use of the foundation was “DUMPING ETH”. At the same time, Anthony Sassano, host of The daily Gweisuggested using Aave to play and borrow stables against their ETH instead of selling their cryptographic assets directly, which many consider to be detrimental at its price.
Vitalik Buterin had previously responded to the concerns concerning the Foundation to mark out its ETH, citing regulatory uncertainty and the possibility of being forced to a position on the potential hard Ethereum forks.
Despite this, the Ethereum Foundation displayed that there was “more to come”, which implies that the deployment of funds will not be the last. The organization added that he is already planning to mark out and request suggestions from members of the community.
