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themerkle.com Ethereum Foundation Expands DeFi Strategy, Deposits $6M and 2,400 ETH into Morpho Vaults

The Ethereum Foundation is deepening its decentralized finance (DeFi) engagement. In a move that underscores confidence in open-source DeFi protocols, the Foundation deposited 2,400 ETH and roughly $6 million in stablecoins into Morpho’s yield-bearing vaults. The transaction, announced today, marks a significant shift in how Ethereum manages its on-chain treasury, channeling part of its assets into permissionless, yield-generating infrastructure instead of traditional custodial holdings. 0/ Today, the Ethereum Foundation deposited 2400 ETH and ~$6M stablecoins into Morpho’s yield-bearing vaults. Morpho is a pioneer in permissionless DeFi protocols and consistently demonstrates a commitment to Free/Libre Open Source Software (FLOSS) principles. — The post Ethereum Foundation Expands DeFi Strategy, Deposits $6M and 2,400 ETH into Morpho Vaults appeared first on The Merkle News.