Ethereum Foundation deploys fresh 2,400 ETH using DeFi lender Morpho
Quick Take The Ethereum Foundation is deploying 2,400 ETH, or about $9.6 million out of its total $820 million ETH holdings, in a yield-bearing Morpho vault. Earlier this year, the non-profit pledged to update its treasury management practices and engage directly with the Ethereum DeFi ecosystem.
The Ethereum Foundation is expanding its DeFi-focused treasury management strategy with a fresh deployment of 2,400 ETH, worth some $9.6 million, and about $6 million worth of stablecoins, in a yield-bearing Morpho vault, according to an announcement on Wednesday.
"Morpho is a pioneer in permissionless DeFi protocols and consistently demonstrates a commitment to Free/Libre Open Source Software (FLOSS) principles," the foundation wrote on X, explaining that both Morpho Vault v2 and Morpho Blue v1 were released under an open GPL2.0 license.
Facing criticism earlier this year over its routine sales of ETH to fund its operations, the non-profit Ethereum Foundation announced a plan to move a portion of its treasury into DeFi protocols, beginning with 50,000 ETH .
The foundation has since moved millions worth of funds onto platforms like Compound, an OG lending protocol, and Spark, part of the Sky (formerly MakerDAO) ecosystem. That said, it also continues to sell crypto assets for fiat on centralized exchanges to fund blockchain research and development.
According to Arkham Intelligence, the Ethereum Foundation holds over $820 million worth of crypto assets, including $735 million worth of ETH, at current prices, according to The Block’s ETH price page .
Founded in 2022, Morpho is a decentralized lending protocol on Ethereum that has become a popular institutional option. For instance, Coinbase recently surpassed $1 billion worth of bitcoin-backed onchain loan originations using Morpho, just eight months after the service launched.
Some $4.6 billion has been locked on Morpho Blue v1, a small fraction of the total Ethereum lending market, but in line with rivals like Compound, Spark, and older versions of Aave, according to The Block's data .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Update: BlockDAG Surges Ahead of Competitors as $0.0015 TGE Approaches
- BlockDAG's $0.0015 TGE nears closure as its $430M presale outpaces 2025 crypto rivals like Pepenode and XRP Tundra. - A major Solana whale invested six figures in BDAG tokens, signaling institutional confidence ahead of November 26's Genesis Day. - Strategic partnerships including Formula 1 sponsorship and 20,000+ physical miners boost credibility, with 15,000 TPS capacity surpassing Mantle's execution speed. - TGE code offers ranked airdrops (Ranks 1-300 get instant allocations), with post-presale price
Ethereum Updates Today: Bitcoin Withdrawals Ignite Altcoin Rally: ETFs and Advancements Transform the Battle for Dominance
- Bitcoin faces $946M outflows as Ethereum and BlockDAG gain traction, with ETH ETFs adding $14.49B in cumulative inflows. - BlockDAG's $433M presale and 1,400 TPS testnet performance highlight its hybrid blockchain model competing with Bitcoin's scalability limitations. - XRP sees 30% surge in futures open interest to $4.51B, fueled by speculative bets on potential ETF approvals and $100 price targets. - Market polarization continues as Ethereum stabilizes above $3,750 and BlockDAG attracts 312,000 holder
Solana News Update: Institutional Embrace Drives Altcoin ETF Boom: Solana, Litecoin, and Stellar at the Forefront of Revival
- Altcoin ETFs surge as Solana, Litecoin, and Stellar gain institutional traction amid regulatory clarity and staking demand. - Bitwise's $223M BSOL ETF and REX-Osprey's $400M SSK highlight Solana's scalability, with 7% staking yields and $15.6B stablecoin growth. - Litecoin's $400M LTCC ETF marks a "watershed" for on-chain commerce, while JPMorgan forecasts $3-6B inflows for Solana/XRP ETFs in six months. - Stellar advances via cross-border partnerships and enterprise use cases, positioning altcoins as ke
HKMA Focuses on Wholesale Applications of e-HKD as Global Competition for Digital Currencies Intensifies
- HKMA prioritizes e-HKD for wholesale uses like cross-border settlements after Phase 2 trials, citing its credit-risk-free advantages for institutions. - Retail e-HKD rollout aims for H1 2026, pending tech/regulatory progress, with trials testing digital vouchers for local purchases. - Hong Kong plans tokenization standards to boost e-HKD integration, positioning itself as a digital asset hub amid China's stablecoin pause. - Early wholesale adoption includes tokenized asset settlements, reinforcing Hong K
Trending news
MoreCrypto prices
More
