No more ETH dumps? Ethereum Foundation turns to DeFi for cash
The Ethereum Foundation (EF) has borrowed $2 million in GHO, a decentralized stablecoin developed by Aave, in a move signaling deeper engagement with decentralized finance (DeFi) strategies. In a May 29 X post, Aave founder Stani Kulechov said the foundation borrowed $2 million in GHO tokens. “The EF is not only supplying ETH to Aave, but also borrowing from Aave,” Kulechov wrote, describing the development as “the full DeFi circle.”GHO is a decentralized, overcollateralized stablecoin native to the Aave Protocol. Unlike centralized stablecoins, GHO is governed by Aave’s decentralized autonomous organization (DAO), which oversees interest rates, collateral requirements and facilitator selection. The move highlights the EF’s growing engagement with the DeFi ecosystem, moving toward more sophisticated treasury strategies. The foundation did not immediately respond to a request for comment.
Source: https://x.com/StaniKulechov/status/1928007720969326881
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2025-05-29 12:38:54No more ETH dumps? Ethereum Foundation turns to DeFi for cash