# Ethereum Foundation Deposits $15M to Crypto Lending Platform Morpho

*Author: Bankless*
*Published: Oct 15, 2025*
*Source: https://www.bankless.com/read/news/eth*

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The Ethereum Foundation (EF) just put over $15M of Ether and stablecoin capital to work in DeFi lending platform Morpho, signaling its continued shift towards onchain treasury management.

### **What’s the Scoop?**
- **New Onchain Move:** The Ethereum Foundation has deployed 2,400 ETH (~$9.6M) and about $6M in stablecoins into yield-bearing vaults on Morpho, an Ethereum-native lending platform.
- **DeFi Commitment:** This follows the Foundation’s [pledge](https://blog.ethereum.org/2025/06/04/ef-treasury-policy) to manage treasury assets through DeFi, in response to criticism for selling ETH to fund operations earlier this year.
- **Diversified Treasury:** Previously, in February 2025, the EF deposited 50k ETH into DeFi, [allocating](https://bankless.ghost.io/ethereum-ranks-1-ecosystem-for-new-developers-in-2025-report/) fund across reputable protocols including Aave, Compound, and Spark.
- **Open-Source Alignment:** The Foundation praised Morpho’s commitment to Free/Libre Open Source Software (FLOSS), noting that both Vault v2 and Blue v1 were released under GPL2.0 licenses.

> 0/ Today, the Ethereum Foundation deposited 2400 ETH and ~$6M stablecoins into Morpho’s yield-bearing vaults.Morpho is a pioneer in permissionless DeFi protocols and consistently demonstrates a commitment to Free/Libre Open Source Software (FLOSS) principles.— Ethereum Foundation (@ethereumfndn) [October 15, 2025](https://twitter.com/ethereumfndn/status/1978460652877267301?ref_src=twsrc%5Etfw)
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