Aya Miyaguchi is stepping up as president of the Ethereum Foundation amid community scrutiny and criticism of its leadership. Vitalik Buterin praised her seven years as executive director, highlighting her role in fostering an environment for success. The foundation is also considering leadership changes, with calls for Danny Ryan to take on a more prominent role.
about Aya Miyaguchi becomes president of Ethereum Foundation amid leadership changesNGK Spark Plug Co., Ltd.
0 in Finance and 0 in Crypto last weekVitalik Buterin Raises Concerns Over Ethics and Financial Strategies in Ethereum
Vitalik Buterin has expressed concerns over a troubling ethical shift in the cryptocurrency industry, particularly regarding Ethereum’s reluctance to embrace blockchain-based gambling, which has drawn criticism. In response to financial scrutiny, the Ethereum Foundation deployed $120 million into DeFi platforms to stabilize its finances and is considering a more selective approach to project support. Buterin emphasized the importance of aligning with Ethereum’s core values and urged the community to collaborate on shaping its future.
about Vitalik Buterin Raises Concerns Over Ethics and Financial Strategies in EthereumEthereum Foundation invests 120 million in DeFi for sustainable funding strategy
The Ethereum Foundation has strategically invested $120 million in Ether across DeFi protocols, including Aave, Compound, and Spark, to move away from past reliance on ETH sell-offs for operational funding. This shift aims to create a sustainable funding model, generating passive yield while enhancing liquidity in the DeFi ecosystem. Community reactions have been largely positive, with many expressing optimism about the foundation’s commitment to long-term sustainability.
about Ethereum Foundation invests 120 million in DeFi for sustainable funding strategyEthereum Foundation invests 45000 ETH in DeFi platforms to boost treasury
The Ethereum Foundation has shifted its treasury strategy by transferring 45,000 ETH, valued at $120 million, to DeFi platforms Aave, MakerDAO’s Spark, and Compound. This move aims to generate yields and alleviate the need for periodic Ether sales to cover operational costs, responding to community criticism over its previous financial practices. The Foundation plans to explore additional options, including staking, to further enhance its treasury.
about Ethereum Foundation invests 45000 ETH in DeFi platforms to boost treasuryEthereum Foundation Invests 45000 ETH in Decentralized Finance Protocols
The Ethereum Foundation has allocated 45,000 ETH, valued at around $120 million, to four decentralized finance platforms: 10,000 ETH to Spark, 10,000 ETH to Aave Prime, 20,800 ETH to Aave Core, and 4,200 ETH to Compound. This move comes amid scrutiny over the foundation’s operational transparency and internal disputes, prompting the establishment of a multi-signature wallet for DeFi engagements. Stakeholder reactions have varied, reflecting skepticism and intrigue about the foundation’s renewed commitment to the ecosystem.
about Ethereum Foundation Invests 45000 ETH in Decentralized Finance ProtocolsEthereum Foundation Allocates 120 Million Dollars to DeFi Protocols
The Ethereum Foundation has allocated $120 million in Ether to decentralized finance (DeFi) protocols, including 30,800 ETH to Aave, marking its largest DeFi investment. This move aims to alleviate community concerns over the foundation’s previous reliance on ETH sell-offs for funding. Community members have praised the decision, viewing it as a positive shift towards supporting DeFi without negatively impacting ETH’s market value.
about Ethereum Foundation Allocates 120 Million Dollars to DeFi ProtocolsEthereum Foundation Allocates 120 Million to DeFi Protocols Amid Community Support
The Ethereum Foundation has allocated $120 million in Ether to decentralized finance (DeFi) protocols, including 4,200 ETH to Compound, 10,000 ETH to Spark, and 30,800 ETH to Aave, amid community concerns over its previous reliance on ETH sell-offs for funding. This move has been celebrated by community members and DeFi leaders, who view it as a strategic shift towards enhancing liquidity and reducing the need to sell ETH for operational expenses. The foundation hinted at further deployments and is exploring staking options, signaling a commitment to engaging more with the DeFi ecosystem.
about Ethereum Foundation Allocates 120 Million to DeFi Protocols Amid Community SupportEthereum Foundation Allocates Over 100 Million Dollars to DeFi Lending Protocols
The Ethereum Foundation has deposited nearly 45,000 ETH, valued at approximately $118 million, into DeFi lending protocols Aave, Spark, and Compound, responding to community calls for increased support for dapps. This move includes 30,800 ETH to Aave, 10,000 ETH to Spark, and 4,200 ETH to Compound, potentially generating an annual yield of $1.5 million at a 1.5% supply rate. The foundation’s actions follow recent backlash over its ETH sales, with a notable sale of over 100 ETH reported in January.
about Ethereum Foundation Allocates Over 100 Million Dollars to DeFi Lending ProtocolsEthereum Foundation Allocates 45000 ETH to DeFi and Considers Staking
The Ethereum Foundation allocated 45,000 ETH, valued at approximately $120 million, across four DeFi protocols, with Aave Core receiving the largest share. This move comes amid community criticism over the foundation’s ETH sales and lack of engagement in DeFi, prompting discussions on staking options. Vitalik Buterin emphasized the challenge of maintaining neutrality during hard forks while managing the foundation’s treasury.
about Ethereum Foundation Allocates 45000 ETH to DeFi and Considers Staking