Ethereum Foundation hypes market by revealing 2024 report
2024-11-08

Ethereum Foundation has once again become the talk of the town after unveiling its 2024 report. The Executive director of the foundation, Aya Miyaguchi threw light on the main details like EF teams, EF grantees, and the continuing efforts of the foundation to intensify the Ether ecosystem. 
One after the other mentions of this report has caused the attention of the users over the globe. The annual report of Ethereum Foundation mentions that bodies over its ecosystem spent more that $497 million to invest over different projects. In this, around $240.3 million which accounts for 48.3% is donated solely by the Ethereum Foundation. 
Other than the Ethereum Foundation, organizations such as MakerDAO, Optimism, Gitcoin, Decentraland, Aragon, Uniswap, Starknet, MetaMask DAO and Protocol Guild has put their money within the community of Ethereum. $970 million in treasury
Excluding the capital which is used to fund various projects, the Foundation revealed that the complete ecosystem has been held up by more than $22 billion in treasury funds. Foundations, organizations as well as decentralized autonomous organizations are the owner of these treasuries. 
Optimism, Uniswap, Mantle, Arbitrum along with Ethereum Name Service are the owner of billions in the treasuries. According to the reports, the Ethereum Foundation holds $970 million in the treasury.
As per the report, the amount consists of liquid as well as vested funds. The foundation has also revealed that the majority of project treasuries majorly consists of their native tokens. And it also mentions that, “This clearly states that the total funds held within a project treasury is much higher than the total value that can be positioned swiftly in fiat terms. 
It further went on adding that, if a project attempts to exchange some portion of the treasury, then it will leave an impact over the price of the underlying token. A conflict of interest policy 
Regardless of this, the Foundation has also made comments that the amount gives the shadow of the depth of resources accessible to Ethereum for a prolonged period of time. It also added that if a chunk of the amount were to be deployed, it is then sufficient to be in the market and grow the ecological system. 
The Ethereum Foundation has revealed some more data in its report which includes the implementation of a conflict of interest policy. It comprises of the revelation requirements for Ethereum Foundation members for investments more than $500,000 other than Ether. 
The organization has revealed that high exposure may lead to the EF member being not included in the decisions that are associated with such disputes.  © Todayq News