Ethereum Foundation invests $120 million in DeFi protocols
The Ethereum Foundation invested around $120 million in the decentralized finance (DeFi) protocols by transferring a portion of its Ether (ETH) assets. Specifically, $81.6 million worth of Ether was invested in Aave and $26 million in Spark, while $11.2 million was moved to Compound. This move, which could generate an annual profit of $1.5 million for the foundation, follows public criticism of the treasury management and suggestions for leadership changes, including the replacement of Aya Miyaguchi, the executive director.
