Ignas | DeFi

There are so many comments and criticisms on every single EF tweet that I keep saving them up but before I get to write a response... a new one pops up heh 🫥 Fun. Anyway, on this topic: (1) In my subjective opinion and from what I see, EF doesn't want to kingmake, but rather support the teams that align with the mandate. Specifically for DeFi and treasury allocation, those are protocols that come as close to the defipunk criteria as possible: blog.ethereum.org/2025/06/04/ef-…. That's all in there since last year, and licenses are not a small part of the thinking process. I don't have as much experience in licenses as others on the team (tldr: I subjectively think we need to think carefully about the fine line between what's accepted and what is a bit too far on the spectrum, so that's TBD). @lex_node is on the pragmatic side as I can see, which I lean towards more myself, but the mandate is more on the strong side which @_Enoch is vocal about. I am curious if we can co-work on a piece that will not have to compromise but rather increase education & thus the move towards practical open-source. This isn't a comment @ Fluid, but a general comment on the defipunk selection. (2) On the topic of supporting other protocols like Fluid, David, please remember that this initiative is very young. @CharlieStLouis and I are not actually leading that (cc @Artem_Oak); and there is no dedicated EF fund manager team as such right now. So the actions and allocations are scarce, concentrated, and not properly streamlined yet - you see that. We started on this process with Charles to give some opinions and direction, but at the end of the day, EF treasury is not a fast-moving process. It's super security and mandate-sensitive since it's perceived as "put your money where your mouth is". Morpho was in line with the licensing signalling and it was allocated to before in the past, so it was a much easier decision. Aave got allocated too by the way. There is a short list of protocols we want to see supported and allocated to (not just social alignment support but real $$ allocation even if relatively small) - hope that can be done sooner than later. But again, EF is not a fund manager, it has a strong CROPS mandate, but it's moving in the direction that seems to be good <3 PS: I am not an EF spokesperson, I am new to the org but not to DeFi. Nevertheless, hope to reply to all proper criticisms and points of feedback from a subjective point of view.

0/ The Ethereum Foundation continues to explore DeFi as part of its treasury strategy. In Oct 2025, EF deployed 2,400 ETH + ~$6M in stablecoins into @Morpho Vaults V1. x.com/ethereumfndn/s… Today: another 3,400 ETH into Morpho, where 1,000 ETH in Morpho Vaults V2. Why Morpho? 👇