🚨 SALES OF #Ethereum HAVE ENDED! 😱 THE FOUNDATION $ETH TURNS TO DEFI: A LEAP INTO THE FUTURE OR A RISKY BET? 💸📈

Attention, Ether-believers! 📢 The Ethereum Foundation (EF) has taken a bold step: it has borrowed $2 million in GHO, Aave's decentralized stablecoin! 🤯 According to Stani Kulechov, founder of Aave, the EF is no longer just supplying #ETH to Aave but is also borrowing from there! This, he says, is "the full circle of DeFi." It seems that massive ETH sales to fund operations could be a thing of the past! 👋

This move is not isolated. The EF had already deployed $120 million in Ether across various DeFi protocols, such as Aave, Spark, and Compound, the "largest allocation of the foundation in DeFi" to date! 💰 This strategy marks a significant shift in how the foundation manages its cryptocurrency holdings, prioritizing decentralized finance over direct sales. The community has celebrated this turn, which could mean a victory for the DeFi ecosystem! 🥳

For a long time, the Ethereum community had criticized the foundation for selling ETH to cover operational expenses. Figures like Eric Conner and Anthony Sassano had urged the EF to explore alternatives such as staking or borrowing stablecoins against their holdings. It seems the foundation has listened and is adopting precisely these DeFi tools for its financial management!

🤔 Do you think this strategy is the right way to ensure the sustainability of the ecosystem without putting pressure on the price of ETH?

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