No more ETH dumps? Ethereum Foundation turns to DeFi for cash

Description

The Ethereum Foundation deepened its DeFi involvement by borrowing \$2 million in GHO on Aave, signaling a shift from selling ETH to leveraging it for sustainable treasury management.

Authors

Ezra Reguerra

Publish date

May 29, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/ethereum-foundation-borrows-gho-defi-strategy

Referenced by

Ethereum Foundation borrows $2M in GHO stablecoins

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News story

In a May 29 X post, Aave founder Stani Kulechov said the foundation borrowed $2 million in GHO tokens. “The EF is not only supplying ETH to Aave, but also borrowing from Aave,” Kulechov wrote, describing the development as “the full DeFi circle.”

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Apart from Kulechov, community members also celebrated the move, supporting the EF’s ETH holdings management shift. A community member said the development was a win and that the foundation should “keep it up,” while an X user said it would be positive if the EF continued to use their funds this way.

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