Ethereum Foundation Converts $4.5M in ETH to Stablecoins via CoWSwap
0
0
- Ethereum Foundation converts 1,000 ETH via CoWSwap to fund research and ecosystem grants.
- Leadership restructuring and paused grants mark EF’s internal shift toward efficient operations.
- Ethereum retains 68% of DeFi market share, exceeding $100B in total value locked.
The Ethereum Foundation (EF) has disclosed plans to convert 1,000 ETH, valued at approximately $4.51 million, into stablecoins. The proceeds will be directed toward research funding, grants, and ecosystem donations. The conversion will be completed through the decentralized exchange CoWSwap, utilizing a Time-Weighted Average Price (TWAP) mechanism to prevent market disruption and support the foundation’s DeFi-focused operations.
According to the announcement, the sale aligns with EF’s long-term strategy to strike a balance between treasury stability and participation in decentralized finance. Wh…
Read The Full Article Ethereum Foundation Converts $4.5M in ETH to Stablecoins via CoWSwap On Coin Edition.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0
0
0
