Ethereum Foundation (EF) has invested $120 million worth of ETH into various lending protocols to increase reserve yields.

EF Treasury has deployed:

– 10,000 ETH into Spark
– 10,000 ETH into Aave Prime
– 20,800 ETH into Aave Core
– 4,200 ETH into Compound

We're grateful for the entire Ethereum security community that has worked diligently to make Ethereum DeFi secure and usable!
— Ethereum Foundation (@ethereumfndn) February 13, 2025

According to The Block, the organization is expected to earn around $1.5 million annually based on a 1.5% interest rate.

EF distributed the funds as follows:

30,800 ETH ($81.6M) — to Aave
10,000 ETH ($26M) — to Spark
4,200 ETH ($11.2M) — to Compound

Out of the 30,800 ETH allocated to Aave, 20,800 ETH went to the main market, while 10,000 ETH was deposited into Aave Prime.

In November 2024, Ethereum Foundation disclosed its treasury reserves at approximately $970 million, aligning with estimates from researcher Justin Drake. He previously stated that the foundation has enough funding for 10 years based on $100M in annual expenses.

The foundation has faced criticism for periodic ETH sales, which some believe put downward pressure on Ethereum’s market price. Concerns were also raised about financial transparency, with some community members suggesting staking ETH to cover expenses.

Recently, discussions around EF’s governance have intensified. A community member known as fishbiscuit described the situation as a “week of scapegoating”, with CEO Aya Miyaguchi facing backlash.

In response, Vitalik Buterin announced “significant changes” in the foundation’s leadership and outlined new goals for the organization.

ConsenSys co-founder Joseph Lubin proposed replacing Miyaguchi with two co-directors: Jérôme de Tychey (Ethereum France) and former researcher Danny Ryan.

Notably, in January, EF launched a multisig wallet on Safe to engage in DeFi ecosystems.