ETHEREUM Developer rejected speculation that ETHEREUM (EF) was behind a recent deposit of more than 30,000 ether in the decentral financing protocol (Defi), previously known as Makerdao.
On March 10, a portfolio address Deposit 30,098 Eter (ETH), at a value of about $ 56 million, in the sky. Crypto Intelligence Platform Arkham described the title “Ethereum Foundation?” , Which raises speculation that EF has transferred the money to the lending protocol – a strategy recommended by society – rather than selling ETH directly to finance its operations.
However, community members quickly rejected allegations, explaining that the concerned wallet does not belong to the Ethereum Foundation. Eric Conner, co-author of the ETHEREUM (EIP-1559) proposal. The name The Wu Blockchain report is “completely fake”, which means that the address does not belong to EF.
Anthony Sassano, host Daily weekHe also cited the report, saying that the wallet does not belong to EF.
source: Anthony Sassano
Ethereum wallet is likely from an early investor
Wu Blockchain later Explained Although the account was suspected of belonging to the Ethereum Foundation, the history of transactions indicated that it was likely to be linked to the early Ethereum investor.
The address received the transfer of 4 million Dai (Dai) from the sale of EF ETH in May 2022, and the first ETH financing was tracked to a portfolio called Jonny.eth.
The address deposited $ 56 million in Sky Vauult to avoid liquidation with the decline in ETH prices. On March 10, ETH fell from above 2,138 dollars to $ 1813, a decrease of 15 %.
This step allowed the portfolio to avoid liquidation, which reduces the filter price to $ 1,127.14, 40.19 % lower than the ETH price of $ 1,896 at the time of writing this report.
Related to: ETHEREUM Foundation is the Blockchain basic values
Ethereum has published $ 120 million in Defi protocols
Although the recent deposits in Sky were not linked to ETAREUM, EF has faced criticism in the past for selling ETH to Stablecoins to finance the salaries and operations of the team. In January, community members suggested that the Foundation could instead borrow Stablecoins against ETH instead of selling assets.
At that time, Sassano said that instead of switching ETH for Stablecoins, the institution should think about using AAVE to borrow Stablecoins against ETH. Sky allows users to do something similar. By depositing ETH, users can borrow Dai.
On February 13, EF listened to the community and published 45,000 ETH, or about $ 120 million at the time, for the Protocols of Defi AAVE, Spark and the boat.
Community members celebrated this step, with the Founder of AAVE and CEO Stannie Colichov saying, “Defi will win”. EF also said that there is “more in the future”, indicating that this is not their last invasion in Defi.
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