The Ethereum Foundation (EF) has taken a $2 million loan in GHO, a decentralized stablecoin by Aave, indicating increased involvement in DeFi strategies. Aave founder Stani Kulechov revealed in a May 29 post that the foundation borrowed $2 million in GHO tokens. This move signifies a complete DeFi cycle as EF not only supplies ETH to Aave but also borrows from them. GHO, a decentralized stablecoin on Aave Protocol, differs from centralized stablecoins as it is governed by Aave's DAO. The EF's shift towards more advanced treasury strategies is evident through this engagement with DeFi. Previously, the foundation deployed $120 million across various protocols, including Aave, Spark, and Compound. Community members and experts have shown support for EF's management shift, suggesting alternatives like staking and borrowing stablecoins against ETH instead of selling. Read more AI-generated news on: https://app.chaingpt.org/news

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