On January 20, 2025 the Ethereum Foundation pledged 50,000 ETH, worth $165 million, to address criticism of insufficient support for Ethereum’s DeFi ecosystem

Event date

Jan 20, 2025 - 12:00am

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The Ethereum Foundation’s move to support Ethereum’s DeFi ecosystem comes after months of criticism accusing it of not caring enough about the space. The Ethereum Foundation said it will allocate 50,000 Ether worth around $165 million to support Ethereum’s decentralized finance ecosystem