Ethereum Foundation deploys 3,400 ETH to Morpho

BlockBeats News, March 18th, the Ethereum Foundation announced that today it has deployed 3,400 ETH to Morpho Vaults, with 1,000 ETH going into Morpho Vaults V2. The Ethereum Foundation had previously deployed 2,400 ETH and $6 million worth of stablecoins to Morpho Vaults V1 in October last year.

The Ethereum Foundation also praised Morpho: The core contract of Morpho Vaults V2 cannot be upgraded, paused, or changed by anyone. No admin keys. No emergency switch. This is not restriction. True cypherpunk infrastructure doesn't ask you to trust its builders, and it removes the need for it.