Ethereum Foundation Addresses Criticism with Major DeFi Support Initiative
TL;DR Ethereum Foundation allocates 50,000 ETH (approx. $165 million) to support DeFi applications, addressing community criticism. Organizational changes announced to better support DeFi, with funds secured in a multisig wallet on Safe. Mixed community reactions, but the foundation remains focused on supporting the Ethereum ecosystem and ensuring its growth. The Ethereum Foundation has announced a…