$ETH The Ethereum Foundation (EF), tasked with supporting the technological and community development of the Ethereum ecosystem, has announced a historic 50,000 ETH transaction from its treasury.
This move marks the beginning of its active involvement in the DeFi ecosystem, starting with a test on the Aave lending protocol. The decision comes amid growing pressure on the Foundation's leadership and a struggling ETH market.
According to The Block, the Ethereum Foundation has been at the center of criticism for its lack of transparency and leadership, especially following ETH's poor performance against competitors such as Solana.
These tensions have led to calls for changes, including the replacement of Aya Miyaguchi, the Foundation's director. There are also questions about the Foundation's management of its reserves and the potential impact of its ETH sales on the market, raising concerns about potential "selling pressure."
In addition, the Foundation's limited active involvement in the DeFi ecosystem and issues related to conflicts of interest of some researchers have exacerbated tensions. Faced with this situation, co-founders Vitalik Buterin and Joe Lubin have suggested the need for “big changes” in the organizational structure.