Ethereum Foundation Transfers over $100 Million Worth of ETH into DeFi Lending Protocols

The Ethereum Foundation (EF) is depositing thousands of ETH in decentralized finance (DeFi), according to an X post on Feb. 13.

The EF deposited nearly 45,000 ETH, or about $118 million at the time of writing, from its multi-sig wallet to DeFi lending protocols Aave, Spark, and Compound.

The move comes amid ongoing turmoil in the Ethereum ecosystem, with community members calling for the EF to provide more support to applications built on the chain.

As per the post, the foundation transferred 30,800, or approximately $81.6 million, into Aave. Out of these 30,800, the foundation moved 20,800 ETH tokens to Aave’s core market, while the remaining 10,000 ETH were sent to Aave Prime.

The EF forwarded another 10,000 ETH to Spark, the lending protocol of Sky (formerly called MakerDAO). Meanwhile, 4,200 ETH were forwarded to Compound’s lending platform.

EF Selling ETH

The foundation unveiled its holdings following community backlash after its recent ETH sales. On Jan. 27, a transaction reported by blockchain analytics firm SpotOnChain, showed that the foundation sold over 100 ETH, its third ETH sale in 2025.

The EF would start earnings yields on its DeFi deposits. Based on the 1.5% supply rate, the recent ETH transfers to these DeFi protocols may earn an annualized $1.5 million yield.

This is not the first time the Ethereum Foundation has moved ETH holding to DeFi protocols. Last month, the foundation moved nearly 50,000 ETH to a multi-sig wallet to support DeFi protocols.