The Ethereum Foundation has announced a significant contribution to the DeFi protocol Morpho, depositing 2,400 ETH and approximately $6 million in stablecoins into its yield reserve. This move underscores the Foundation's support for decentralized finance initiatives and its commitment to fostering growth within the ecosystem. The deposit aims to enhance Morpho's liquidity and operational capacity, further solidifying its position in the DeFi space.
Ethereum Foundation Deposits 2,400 ETH and $6 Million in Stablecoins to Morpho
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