argot

The Ethereum Foundation has once again stepped in: 1 hour ago, the non-profit development organization Argot received a transfer of 2,469 stETH, worth approximately $4.34 million.

Looking back at the timeline, it’s actually quite clear. Last July, the Foundation pledged 7,000 ETH in operating grants over three years to Argot. Today’s payment falls in the 4th-year installment. In July next year, the final payment will be another 2,469 stETH to close out the agreement.

Worth noting is where the funds went. After Argot received its first grant, it sold 4,826.6 ETH from that amount at an average price of $3,194 to get 15.417 million USDC—this is also one snapshot of how the Foundation-linked capital flowed into the market over the past year. This time, the transfer is stETH rather than ETH—does that suggest the recipient is more inclined to hold an interest-bearing asset and reduce direct sell pressure? It’s something worth tracking through on-chain activity.

For the ecosystem, ongoing, well-timed development grants are a long-term positive. But in the short term, the release schedule of the grants remains a variable that needs to be closely watched.

#以太坊基金会 #Argot #stETH

$ETH

The Ethereum Foundation has sent money to Argot again.

On-chain analyst Yu Jin monitors show that an hour ago, the Foundation granted the nonprofit development organization Argot 2,469 stETH, worth about $4.34 million, which has already been received.

Let’s look back at the background: Last July, the Foundation pledged 5 years of operating funding to Argot, totaling 7,000 ETH. After Argot received the first tranche, it sold 4,826.6 ETH at an average price of $3,194, obtaining 15.417 million USDC—essentially locking in a high cash-flow position before the bear market.

Today’s transfer is the funding for the 4th year. Next July, there will be the final tranche of 2,469 stETH to conclude the program.

My take:
- The Foundation’s grants have shifted from ETH to stETH, conveniently capturing an additional layer of staking yield—details worth paying attention to
- Argot’s historical operations are essentially “sell immediately upon receipt.” The subsequent destination of these stETH is a short-term spot-pressure item that needs watching
- Long-term funding of ecosystem development organizations = a持续、可预期的 sell-pressure source. This isn’t a negative, but it is a structural fact

$ETH holders can treat these kinds of Foundation transfers as routine cash-flow events and don’t overreact, but also don’t ignore them.

#ETH #以太坊基金会 #Argot

The Ethereum Foundation has once again transferred funds to Argot—2,469 stETH, about $4.34 million, and it just arrived an hour ago.

Let’s review the timing of this grant. Last July, the Foundation pledged to provide Argot with a total of 7,000 ETH in operating funds over three years. After receiving it, Argot didn’t hold back: it sold 4,826.6 ETH at an average price of $3,194, converting it into $15.417 million worth of USDC.

Today’s deposit is for the 4th-year tranche. Next July, there will be the final payment of 2,469 stETH.

Two things worth noting:
First, this time the Foundation directly sends stETH instead of ETH, effectively allowing the recipient to carry the staking rewards themselves—an approach that’s more refined.
Second, Argot’s past operations have tended to prioritize locking in profits and staying safe. Whether this batch of stETH will similarly be un-staked and sold for stablecoins is something to watch—monitor the on-chain actions closely, because every sell-off timing could be interpreted by the market and potentially amplified.

Ecosystem funding is a good thing, but the real signals the secondary market cares about are the direction of fund flows and the cadence of sell pressure.

#以太坊基金会 #Argot #stETH $ETH

Ethereum Foundation provided 2,469 stETH (about $4.34 million) to Argot 🚀 #ETH #Argot #Ethereum Foundation