The Ethereum Foundation stated it will convert 1,000 ETH into stablecoins

The Ethereum Foundation announced that it will convert 1,000 ETH into stablecoins to support research, grants, and ￰0￱ on Ethereum’s current prices, the sale comes to roughly $4.51 ￰1￱ EF added that the 1,000 ETH sale will occur via CoWSwap, utilizing a TWAP strategy to minimise market disturbance and support its DeFi-centric ￰2￱ platform announced on X, “The Ethereum Foundation will convert 1000 ETH to stablecoins via CoWSwap’s TWAP feature, as part of our ongoing work to fund R&D, grants and donations, and to highlight the power of DeFi.” The Ethereum Foundation had planned a sale of 10000 ETH in September The EF’s announcement did not specify which stablecoins it would receive in the ￰3￱ move also appears separate from the foundation’s earlier plan to convert 10,000 ETH into stablecoins, since Friday’s $4.5M sale was smaller and will be carried out via CoW Swap rather than a centralized ￰4￱ foundation has maintained that its treasury policy seeks a middle ground between earning yields above standard benchmarks and serving as a responsible steward of Ethereum, with an emphasis on ￰5￱ the new planned sale, the foundation aims to establish consistent funding for research, grants, and ￰6￱ also seeks to protect its budget against the instability of crypto by converting ETH into assets based on ￰7￱ stablecoin move comes at a time when the EF redirected attention to internal changes—pausing grant submissions to the Ecosystem Support Program to handle demand, appointing two co-executive directors, Hsiao-Wei Wang and Tomasz K.

Stańczak, in April, and restructuring staff and dev teams in June. Currently, EF’s operating costs are set at 15% of its treasury each year, with a runway of two and a half ￰8￱ intends to gradually scale down its expenses to about 5% of the treasury According to industry figures, Ethereum currently holds 68% of DeFi’s locked-up value and remains the top player, although it faces challenges from its ￰9￱ DeFi’s total value locked had also surpassed $100 billion by the end of September, delivering its highest daily measurement since early 2022. Now, building on that dominance, co-founder Vitalik Buterin has emphasized the importance of DeFi as a focus for Ethereum, stating that “low-risk” applications could generate predictable income in much the same way Google Search generates revenue for Google.

“Low-risk DeFi can and should play a similar role for Ethereum,” he said, noting that in the future, this could help to mitigate arguments within Ethereum over whether or not revenue-generating apps can be true to the project’s ￰10￱ the next five years, EF also plans to gradually reduce spending before stabilising it at around 5% of the treasury, in line with endowment-style models, which will provide stability and ￰11￱ transition is meant to provide greater financial predictability while preserving Ethereum’s ￰12￱ observers view EF’s recent ETH sales as further evidence of the ecosystem’s increasing fiscal ￰13￱ still believes that Ethereum could surpass Google by combining decentralization with ethical finance, allowing DeFi to balance profit and ￰14￱ commented, “The revenue generator does not have to be the most revolutionary or exciting application of ￰15￱ it does need to be something that is at least not actively unethical or not embarrassing.” Get $50 free to trade crypto when you sign up to Bybit now