Ethereum Foundation Will Start Earning from DeFi Lending
Today’s Ethereum Foundation (EF) allocates $120 million in ETH tokens to defi Loan Agreement: ghostsparks and compounds.
The foundation has been in a constant leadership crisis caused by token sales to cover overhead. EF demonstrates a willingness to respond to the community, but it still faces tough challenges.
Ethereum Foundation Bank on Defi Loans
The Ethereum Foundation (EF) has Recent leadership crisis. Specifically, it has Sell ETH tokens to cover overheadangry user base demands alternative solutions.
Now, EF has found one that transfers $120 million worth of tokens to some Defi loan options.
“We thank the entire Ethereum Safety Work hard to make Ethereum a secure and available community! And more, including Explore Bets. If you have suggestions or ideas for future deployments, please reply in the comments below and let us know! “Ethereum Foundation claim On social media.
EF has chosen Three DEFI loan agreements For this distribution, 10,000 ETHs were put into Spark and 4,200 were turned into compounds. The rest are Aave: 10,000 to Aave Prime, 20,800 to Aave Core.
Aave is a Popular loan agreements This is particularly entangled with Ethereum. In the past, it had Soared sharply in response to ETH price transfer.
By using these Defi loan agreements, EF will be able to passively receive movable rewards. Based on 1.5% of the supply rate, the tokens earn about $1.5 million per year. The community responded positively to these changes, and Vitalik Butling responded enthusiastically welcome They are on social media.
In some ways, the shift to DEFI is a classic example of EF’s actual response to community pressure. However, the foundation is still facing Many other challenges This will really test it.
Buterin is willing to adapt to community pressure when it comes to specific requirements, but he has Resolutely reject the challenge of his leadership.
Meanwhile, the price of Ethereum Recently continued to decline. The market remains confident that it will return: ETH ETF soars Because traders are buying dipping sauce. Nevertheless, this is not enough in itself to create new momentum for emergence.
Ultimately, these prescribed loan agreements may have a real impact in changing the fate of EF. By changing the strategy here, Ethereum leaders have shown a willingness to respond to the community.
Between showing sincere performance and strong investor confidence, another small push may begin to reverse ETH’s market performance.
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