The non-profit organization "Ethereum Foundation," which supports the cryptocurrency Ethereum (ETH), announced its financial management policy on the 4th.
In the long term, he argues that a stronger financial management policy is needed. He said that while he used to just hold Ethereum for a long time, he now operates on staking and DeFi (decentralized finance) to enhance financial sustainability and support important app categories.
In this announcement, it was stated at the outset that the Ethereum Foundation exists to strengthen the Ethereum ecosystem. It was also mentioned that the Ethereum Foundation exists to support the absolute long-term goals of the ecosystem.
This purpose is explained as "to ensure that applications on the network can operate accurately according to the program without stopping, censorship, fraud, or third-party intervention." It was also stated that the funds of the Ethereum Foundation are intended to support the foundation's own long-term autonomy, sustainability, and legitimacy.
He also argues that the management of funds should strike a balance between seeking returns and expanding its role as a leader in the Ethereum ecosystem, especially DeFi.
Policy Content
Regarding the financial management policy, it was specifically detailed by describing the proportion of Ethereum being operated, among other things, to make the annual report more comprehensive.
In the policy regarding "virtual currency", it is claimed that acceptable returns will be sought within the fundamental principles of Ethereum. The policy indicates that operations will be conducted while considering safety, security, and risk, and frequently reviewing the allocation of funds.
Regarding the operation of Ethereum, it is currently explained that activities such as supplying "wETH (wrapped Ethereum)" to staking and lending platforms are being conducted. Furthermore, it is mentioned that there are plans to incorporate tokenized RWA (real-world assets) into fiat currency reserves as the DeFi ecosystem matures, while continuously reviewing operations in the future.
What is RWA?
Abbreviation for "Real World Asset". RWA, which is tokenized on the blockchain, includes physical assets such as real estate, artworks, trading cards, and securities such as stocks and bonds.
In addition, regarding the sale of Ethereum, it is explained that a financial calculation will be conducted regularly throughout the year, and every three months, a decision will be made on whether to sell and, if so, how much to sell. When selling Ethereum, it is primarily planned to conduct sales denominated in fiat currency and on-chain swaps.
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Financial management policies for selling and managing ETH have been announced by the Ethereum Foundation.
The non-profit organization "Ethereum Foundation," which supports the cryptocurrency Ethereum (ETH), announced its financial management policy on the 4th.
In the long term, he argues that a stronger financial management policy is needed. He said that while he used to just hold Ethereum for a long time, he now operates on staking and DeFi (decentralized finance) to enhance financial sustainability and support important app categories.
In this announcement, it was stated at the outset that the Ethereum Foundation exists to strengthen the Ethereum ecosystem. It was also mentioned that the Ethereum Foundation exists to support the absolute long-term goals of the ecosystem.
This purpose is explained as "to ensure that applications on the network can operate accurately according to the program without stopping, censorship, fraud, or third-party intervention." It was also stated that the funds of the Ethereum Foundation are intended to support the foundation's own long-term autonomy, sustainability, and legitimacy.
He also argues that the management of funds should strike a balance between seeking returns and expanding its role as a leader in the Ethereum ecosystem, especially DeFi.
Policy Content
Regarding the financial management policy, it was specifically detailed by describing the proportion of Ethereum being operated, among other things, to make the annual report more comprehensive.
In the policy regarding "virtual currency", it is claimed that acceptable returns will be sought within the fundamental principles of Ethereum. The policy indicates that operations will be conducted while considering safety, security, and risk, and frequently reviewing the allocation of funds.
Regarding the operation of Ethereum, it is currently explained that activities such as supplying "wETH (wrapped Ethereum)" to staking and lending platforms are being conducted. Furthermore, it is mentioned that there are plans to incorporate tokenized RWA (real-world assets) into fiat currency reserves as the DeFi ecosystem matures, while continuously reviewing operations in the future.
What is RWA?
Abbreviation for "Real World Asset". RWA, which is tokenized on the blockchain, includes physical assets such as real estate, artworks, trading cards, and securities such as stocks and bonds.
In addition, regarding the sale of Ethereum, it is explained that a financial calculation will be conducted regularly throughout the year, and every three months, a decision will be made on whether to sell and, if so, how much to sell. When selling Ethereum, it is primarily planned to conduct sales denominated in fiat currency and on-chain swaps.