Ethereum Foundation Invests $6 Million in Morpho Vaults
The Ethereum Foundation (EF) has deposited 2,400 ETH and about $6 million in stablecoins into Morpho’s yield-bearing vaults. This move is part of EF’s strategy to diversify its treasury. Morpho’s open-source platform fits EF’s “Defipunk” framework, which values security, transparency, and decentralization in DeFi.
Morpho manages these deposits through MetaMorpho and Morpho Vault v2. Both operate under open-source GPL licenses. EF prefers transparent, auditable smart contracts over custodial or closed-source options. The integration highlights this commitment.
Ethereum Foundation’s Treasury Policy Shows Institutional Growth
EF’s latest treasury update confirms its plan to keep 2.5 years of operational reserves. This equals about 15% of total assets annually. The Foundation aims to reduce operational costs gradually over five years. The goal is to adopt an endowment-style financial model.
The policy guides when ETH is sold or deployed onchain. It ensures liquidity while keeping most reserves in permissionless, yield-bearing protocols. EF’s investments now focus on generating modest returns and supporting decentralized Ethereum infrastructure.
Supporting Open-Source Development and Legal Defense
EF’s deposit into Morpho follows its renewed support for open-source innovation. It recently launched a legal defense fund for Tornado Cash developers. Managed with Keyring Network, the fund aids developers Roman Storm and Alexey Pertsev. They face criminal charges for creating privacy-preserving code.
These efforts show EF’s shift from technical stewardship to broader ecosystem governance. EF aligns its treasury strategy and legal support with open-source and DeFi principles. Together, these actions highlight that decentralization needs both infrastructure and legal protection.
