The Ethereum Foundation has released 50 thousand ETH to support DeFi applications and promote ecosystem restructuring.
Powered by ChatGPTThe Ethereum Foundation (EF) announced a restructuring to improve the DeFi ecosystem and released 50 thousand Ethereum ($ETH), valued at over 163 million USD, as part of its DeFi program, initially supporting the $Aave and Safe platforms. The community has expressed appreciation for this move, and $Aave founder Stani Kulechov also voiced support. Previously, the EF faced criticism for the ongoing sale of $ETH, although its leadership clarified that these sales are crucial for the operation of ecosystem projects. The latest initiative by the EF may drive greater participation and support in the DeFi space. Founder Vitalik Buterin stated that these changes aim to enhance the use of Ethereum privacy and DeFi technologies, ecosystem participation, and the chain's visibility, which could positively impact the long-term value of ETH.