Foundation Deposits 3,400 ETH in DeFi Yield Strategy
The Ethereum Foundation (EF) significantly increased its exposure to decentralized finance (DeFi) on March 18, 2026, by depositing 3,400 ETH into the Morpho protocol. The move, announced as part of the foundation's official treasury strategy, represents a powerful vote of confidence in Morpho's decentralized lending and borrowing ecosystem. Notably, 1,000 ETH from the total was specifically allocated to Morpho Vaults V2, indicating a deliberate decision to engage with the protocol's most recent and capital-efficient infrastructure for yield generation. This deployment is a clear signal that one of crypto's most influential organizations is actively exploring DeFi for managing its substantial treasury.
Strategy Builds on Previous 2,400 ETH Allocation
This latest deposit is not an isolated event but rather an expansion of a strategy initiated in late 2025. In October 2025, the Ethereum Foundation first entered the Morpho ecosystem by deploying 2,400 ETH and approximately $6 million in stablecoins into Morpho Vaults V1. The March 2026 transaction confirms a pattern of growing trust and reliance on Morpho for its treasury operations. By incrementally increasing its allocation, the foundation demonstrates a methodical and confident approach to integrating select DeFi protocols into its financial management, providing a strong bullish signal for the broader DeFi space.
Treasury Diversification Includes $10.38M OTC Sale
The foundation's active treasury management extends beyond DeFi yield farming. Just days before the Morpho deposit, on March 14, 2026, the Ethereum Foundation completed an over-the-counter (OTC) sale of 5,000 ETH to BitMine Immersion Technologies for approximately $10.38 million. This sale, conducted at an average price of $2,042.96 per ETH, was executed to fund core operations, including protocol research and ecosystem grants, without creating sell pressure on public exchanges. This dual approach of earning yield through DeFi while strategically selling assets via OTC deals illustrates a sophisticated and multi-faceted treasury strategy designed to support long-term growth and operational stability.
