#TrumpMarketInsights $BTC $XRP $SOL
#UyedaLeadsSEC #MelaniaTrumpLaunchesToken
Ethereum Foundation to Dedicate 50,000 ETH to Support DeFi Applications
The Ethereum Foundation’s move to support Ethereum’s DeFi ecosystem comes after months of criticism accusing it of not paying enough attention
The Ethereum Foundation said it will dedicate 50,000 Ether, worth about $165 million, to support Ethereum’s decentralized finance ecosystem.
Ethereum co-founder Vitalik Buterin wrote on X on Jan. 20 that the nonprofit will undergo regulatory changes to more actively support application creators and provide more transparency to the community.
The funds will be locked in a three-out-of-five multi-signature wallet on Safe, which has already executed a test transaction on lending protocol Aave, Ethereum Foundation’s Hsiao-Wei Wang said in a post on X on Jan. 20.
However, it could take a few days to set up the wallet, Wang noted.
Earning rewards from the Ethereum network’s DeFi ecosystem could expand the foundation’s treasury, which has fallen 56% from 617,000 Ether in January 2020 to 269,000 Ether — worth about $894 million, according to Arkham Intelligence data.
Ethereum
$3,285.54
The promised 50,000 Ether represents 18.5% of the Ethereum Foundation’s total holdings. #CryptoSurge2025 #TRUMPOnBinance
#UyedaLeadsSEC #MelaniaTrumpLaunchesToken
Ethereum Foundation to Dedicate 50,000 ETH to Support DeFi Applications
The Ethereum Foundation’s move to support Ethereum’s DeFi ecosystem comes after months of criticism accusing it of not paying enough attention
The Ethereum Foundation said it will dedicate 50,000 Ether, worth about $165 million, to support Ethereum’s decentralized finance ecosystem.
Ethereum co-founder Vitalik Buterin wrote on X on Jan. 20 that the nonprofit will undergo regulatory changes to more actively support application creators and provide more transparency to the community.
The funds will be locked in a three-out-of-five multi-signature wallet on Safe, which has already executed a test transaction on lending protocol Aave, Ethereum Foundation’s Hsiao-Wei Wang said in a post on X on Jan. 20.
However, it could take a few days to set up the wallet, Wang noted.
Earning rewards from the Ethereum network’s DeFi ecosystem could expand the foundation’s treasury, which has fallen 56% from 617,000 Ether in January 2020 to 269,000 Ether — worth about $894 million, according to Arkham Intelligence data.
Ethereum
$3,285.54
The promised 50,000 Ether represents 18.5% of the Ethereum Foundation’s total holdings. #CryptoSurge2025 #TRUMPOnBinance
