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Ethereum Foundation deposits 120 million in DeFi: Aave, Spark and...
By Daniele Corno
The Ethereum Foundation deposits 45,000 ETH, about $120 million, on DeFi lending protocols: Aave, Spark and Compound are chosen
45,000 ETH deposited on lending protocols by the EF
The Ethereum Foundation (EF), a foundation with the aim of supporting the development and promotion of Ethereum and related technologies, has recently deposited around 45,000 Ethereum in lending protocols in DeFi.
Among the protocols selected by the foundation are the main lending protocol Aave, but also DApps such as Spark (from the Maker DAO ecosystem) and Compound.
Specifically, 30,800 ETH were deposited on AAVE, of which 20,800 on the main market and the remaining 10,000 on the Core instance of Lido Finance. Another 10,000 ETH were deposited on Spark while the remaining 4,200 were deposited through the Compound dapp.
EF Treasury has deployed:
– 10,000 ETH into Spark
– 10,000 ETH into Aave Prime
– 20,800 ETH into Aave Core
– 4,200 ETH into CompoundWe’re grateful for the entire Ethereum security community that has worked diligently to make Ethereum DeFi secure and usable!
— Ethereum Foundation (@ethereumfndn) February 13, 2025
The total value of the deposited assets amounts to approximately $120 million dollars and comes from the treasury of the foundation, which currently amounts to approximately $655 million dollars, with over 222,000 ETH in custody.
Obtaining returns without selling ETH
By providing this amount of ETH in Lending protocols, the foundation is therefore starting to generate passive returns on its assets. A decision that has become necessary over time, following the continuous sales of ETH by the foundation to cover operating costs.
With these positions and an estimated annual interest of 1.5%, the returns for the foundation would amount to between $1.5 and $2 million dollars. The selling pressure can therefore be cushioned but not eliminated as the returns are paid directly in ETH.
Furthermore, according to reports, the next step is to use part of the capital to participate in staking. This is a natural step as the yield from staking is higher than the yield from lending and does not expose you to the risk of third-party platforms.
