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,
The post Ethereum Foundation embraces DeFi borrowing $2M in stablecoins on Aave using ETH collateral appeared first on CryptoSlate. CryptoSlate Read More
About The Author
