This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The Ethereum Foundation has strategically borrowed $2 million in GHO stablecoins using wrapped ETH (wETH) as collateral on Aave. This move highlights DeFi’s utility for unlocking liquidity without selling ETH. The crypto community views it as a smart treasury management approach.
- Ethereum Foundation borrowed $2M in GHO stablecoins using wETH collateral on Aave, avoiding ETH sales.
- Aave’s dominance in DeFi lending is underscored by $43B in TVL and GHO’s $249M circulating supply.
- EF’s DeFi strategy shifts from ETH liquidation to yield generation, addressing past community criticism.
📎 Related coverage from: cryptoslate.com
Other Tags: Compound, GHO, Marc Zeller, Stani Kulechov, CryptoSlate, DeFi, DeFiLlama, Ethereum Foundation, MakerDAO, Token Terminal