Ethereum Foundation Leverages DeFi for Funding: Borrowing $2 Million in GHO Stablecoins

The Ethereum Foundation has taken a significant step towards more decentralized financial management by borrowing $2 million worth of GHO stablecoins through Aave’s protocol. This move marks another shift away from the foundation’s traditional reliance on selling Ethereum for operational expenses. The decision comes in response to growing community pressure for a more innovative approach to funding.