Ethereum has distributed $ 120 million In the ether to the Defi protocols AAVE, spark, compound, Treating concerns about managing its reserves.
Society was enthusiastic by society, which sees new horizons for decentralized financing. In this article, we will see all the details.
The support of the Ethereum Foundation strengthens the Defi protocols
As expected, Ethereum Foundation Recently allocated 45000 ETH, At a value of about $ 120 million, to three main decentralized financing protocols: AAVE, Spark, and the boat.
This step represents a major change in managing the organization’s resources, addressing the concerns expressed by the community about the previous financing strategy based on the sale of ETH.
On February 13, the Foundation transferred 4200 ETH to Compound, 10,000 Eth to Spark, and 30,800 ETH to AAVE. With ETHEREUM trading about 2600 dollars per code, the total value of the process exceeded $ 120 million.
Stani Colichv, AAVE’s founder and CEO has described this initiative as “the largest customization in Defi” by ETAREUM.
With 30,800 ETH to AAVE Prime and Aake Core, the Foundation showed a clear intention to enhance the ecosystem for decentralized financing.
Kolisheov expressed his optimism by saying: “Devi will win”, with a focus The importance of providing liquidity to the sector.
Not only industry operators, but also many members of society welcomed the operation enthusiastically.
This allocation can reduce the need to liquidate ETH to support its activities, reduce the pressure pressure and contribute to The biggest market stability.
Community reactions: a step in the right direction
Mark JeffreyThe well -known PodCaster described and suspended in the encryption sector, this strategy as “smart”, while highlighting the extent of lending is the heart of decentralized financing, and AAVE represents a basic column in this field.
Some users of the X platform celebrated the initiative as a clear confirmation that the direction taken by the Defi community is to achieve concrete results. One user, for example, books:
“What we do is work, let’s continue to do so,” while another suggested that it will be positive if Ethereum continues to allocate its money in this way.
On the other side, 0xnessusThe co -founder of the lending protocol expressed his surprise that the Foundation began only to actively engage in Defi after several years:
“All we had to do was press them.”
Despite the enthusiasm resulting from this step, ETHEREUM has been criticized in the past for its strategy to sell ETH to finance its operations.
In January, many of the encryption sector representatives wondered the fact that the Foundation has regularly sold ETH to cover expenditures and operational salaries.
Eric Conner, A co-author of the ETHEREUM (EIP-1559) proposal has accused the basis of “ETH” as a major activity.
Anthony Sassano, the Daily Joy host, suggested a different approach.
Specifically, provide advice to the institution to use platforms such as AAVE to share ETH and obtain loans in Stablecoin, instead of liquidating their reserves directly.
This strategy had allowed to maintain the value of assets without negatively affecting the market.
A look at the future: new investments coming?
Despite the previous criticism, the Ethereum Foundation hinted that this money distribution It may not be an isolated condition.
In a recent statement, the organization announced that “there will be more developments”, indicating that it may explore additional opportunities for financing and financing for Defi protocols.
Moreover, the Foundation began a dialogue with society to collect suggestions on future strategies. Thus show the increasing openness towards active participation with decentralized ecosystems.
Through this step, ETHEREUM Foundation not only strengthened the Defi liquidity, but also sent a clear indication of the ecological system, indicating the transformation of a model in managing its resources.
If this strategy continues, it can determine a new chapter in the growth of decentralized financing and to unify the ethereum network as a Blockchain.
