Ethereum Foundation embraces DeFi borrowing $2M in stablecoins on Aave using ETH collateral

The Ethereum Foundation (EF) has quietly taken a tactical step into DeFi by borrowing $2 million in GHO stablecoins using wrapped ETH (wETH) as collateral on the Aave protocol. Marc Zeller, founder...

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Ethereum Foundation embraces DeFi borrowing $2M in stablecoins on Aave using ETH collateral

Source: CryptoSlate

The Ethereum Foundation (EF) has quietly taken a tactical step into DeFi by borrowing $2 million in GHO stablecoins using wrapped ETH (wETH) as collateral on the Aave protocol. Marc Zeller, founder of the Aavechan Initiative, shared the development on May 29, noting that the Foundation’s use of GHO aligns with Aave’s core value proposition, […]