The Ethereum Foundation (EF) just put over $15M of Ether and stablecoin capital to work in DeFi lending platform Morpho, signaling its continued shift towards onchain treasury management.
What’s the Scoop?
New Onchain Move: The Ethereum Foundation has deployed 2,400 ETH (~$9.6M) and about $6M in stablecoins into yield-bearing vaults on Morpho, an Ethereum-native lending platform.
DeFi Commitment: This follows the Foundation’s pledge to manage treasury assets through DeFi, in response to criticism for selling ETH to fund operations earlier this year.
Diversified Treasury: Previously, in February 2025, the EF deposited 50k ETH into DeFi, allocating fund across reputable protocols including Aave, Compound, and Spark.
Open-Source Alignment: The Foundation praised Morpho’s commitment to Free/Libre Open Source Software (FLOSS), noting that both Vault v2 and Blue v1 were released under GPL2.0 licenses.
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.— Ethereum Foundation (@ethereumfndn) October 15, 2025