Ethereum Foundation allocated 50,000 ETH to participate in Decentralized Finance, and has executed test transactions on Aave

After Ethereum co-founder Vitalik Buterin announced a major reform of the Ethereum Foundation leadership structure on the 18th, the Ethereum Foundation announced today that it has established a new Multi-signature Wallet and injected 50,000 ETH. The foundation will use this new Wallet to support the Decentralized Finance ecosystem and has conducted test transactions on Aave. (Background: V God urgently reorganizes the Ethereum Foundation! Aave suggests that members 'should leave if they don't give their all' in implication?)(Background: V God implies that the Ethereum Foundation is 'very important': technology funds should encourage Open Source and suppress closed, predatory mentality) Ethereum has been unable to return to the historical high level of $4,891 in 2021, while the Ethereum Foundation has been continuously dumping ETH, failing to effectively promote ecosystem innovation, leaving the community greatly disappointed. In order to save Ethereum's decline, Ethereum co-founder Vitalik Buterin announced on the 18th that he is making significant reforms to the leadership structure of the Ethereum Foundation, actively supporting application developers, and providing more transparency to the community. Ethereum Foundation allocates 50,000 ETH to participate in Decentralized Finance. Ethereum Foundation staff hww.eth announced today that the foundation has established a new 3/5 Multi-signature Wallet and injected 50,000 ETH. The foundation will use this new Wallet to support the Decentralized Finance ecosystem, and the Wallet has already conducted test transactions on Aave. Ethereum Foundation Treasury Update: The Ethereum Foundation has set up a new 3-of-5 multisig wallet. The wallet address is 0x9fC3dc011b461664c835F2527fffb1169b3C213e An op has been initiated to send 50,000 ETH there, but be patient; due to signing delays,... pic.twitter.com/sIkAlH8ROf - hww.eth (@icebearhww) January 20, 2025 According to hww.eth, these funds will be stored in the Safe 3/5 Multi-signature Wallet. It may take a few days to set up the Wallet, and Safe has been proven to be safe with a good user experience. Over time, the Ethereum Foundation will transfer more funds to this Wallet. Ethereum stake expected to expand fund reserves Before the Ethereum Foundation announced this move, Ethereum community members Eric.eth and Josh Stark recently suggested that since the Ethereum Foundation has been criticized for continuously selling ETH to maintain operations, it should adopt stake and Decentralized Finance strategies to cover its budget needs, thus avoiding negative market impact due to dumping. In response, Ethereum co-founder Vitalik Buterin gave a positive reply on the 20th, explaining the reasons for not adopting the plan earlier. The first reason is regulatory factors, and the second is the position issue of hard forks. If the foundation chooses to stake, this may force the foundation to take a position in future controversial hard forks, but he emphasized that the possibility of exploring this option is currently being explored. Aave founder Stani Kulechov has stated that if the Ethereum Foundation wants to continue to operate healthily, it can adopt his 12 suggestions. In addition to some reforms in personnel and organizational management, the following measures can be taken in financial management: Diversify assets into various long-term sustainable assets, as well as Decentralized Finance and non-Decentralized Finance projects with good fundamentals and profitability. Invest stake income into Decentralized Finance. Borrow and manage finances from Aave, and sell regularly when ETH outperforms other assets. Create a sustainable revenue model to cover the foundation's reasonable budget needs. Cointelegraph reported that benefiting from the Ethereum Decentralized Finance ecosystem, it may expand the fund reserves of the Ethereum Foundation. Data from Arkham Intelligence shows that the foundation's funds have decreased by 56% from 617,000 ETH in January 2020 to 269,000 ETH (current value is about $8.94 billion). The injection of 50,000 ETH accounts for approximately 18.5% of the current total holdings of the Ethereum Foundation. Related reports Aave team criticizes V God and the Ethereum Foundation: the founder and team should be fired for 'just dumping' Ethereum Foundation is a 'real escape master'! Sold ETH 32 times in nearly a year, 15 times at a high point..Trump also trapped 5 million euros Ethereum Foundation researcher: The golden age of Solana is over! Two major advantages will be surpassed by ETH L2 <Ethereum Foundation allocates 50,000 ETH to participate in Decentralized Finance, and has conducted test transactions on Aave> This article was first published in the blockchain media BlockTempo.