The Ethereum Foundation, the organization which oversees the development of the second blockchain by market capitalization, allocates 50,000 ether (ETH) worth around 165.3 million dollars at the time of writing The decentralized financing ecosystem (DEFI).
This decision will see that the Foundation will set up a multi-5 portfolio on 5 via Safe, which the organization has written “proven its security and has excellent user experience”. An initial test transaction was sent to the Aave loan protocol, one of the most important in the Ethereum ecosystem behind the Lido liquid installation protocol.
Participation in the DEFI ecosystem could help grow the treasury of the Ethereum Foundation after its 39% narrowing In less than three years to $ 970.2 million on October 31. The non -profit organization holds the majority of its treasure in ether, which recently dropped to a hollow of four years against Bitcoin.
According to the co-founder of Ethereum, Vitalik Buterin, the organization has so far avoided marked out its ETH to generate revenues by exercising rewards on regulatory and neutrality concerns. At the CESR composite ether rate, it would be able to generate a yield of 3.31% over its ether assets.
During the weekend, Vitalik Buterin confirmed that the non-profit organization is undergoing major changes in its leadership structure, a process that “has continued for almost a year”.
In the declared objectives, Buterin noted that this decision was aimed at improving technical expertise in the best brass of the Ethereum Foundation, to improve communications and links between its leadership and the actors of the Ethereum ecosystem, and supports More actively, application manufacturers, among others.
He also pointed out that the Foundation does not seek to “execute a kind of ideological pivot” or an aggressively lobbying regulator, or to become a highly centralized organization.
