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Ethereum Foundation Makes Another Major ETH Transfer
In a surprising move, the Ethereum Foundation (EF) has made another massive transaction of 50,000 ETH to participate in the decentralized finance (DeFi) sector and expand its treasury. This represents nearly one-fifth of the EF’s total ETH holdings.
This recent allocation comes as a response to growing accusations that the EF has neglected DeFi despite it being the only thing “propping up” the blockchain network over the past several years. Vitalik Buterin, the co-founder of Ethereum, addressed these allegations by stating that applications have to be sustainable and revealed his personal use of decentralized exchanges.
The EF set up a multi-signature wallet in January to expand its presence within the DeFi ecosystem.
Source: u.today
