The Ethereum Foundation has deposited another 3,400 ETH — worth roughly $7.5 million at today's prices, near $2,220 — into DeFi lending protocol Morpho, with 1,000 ETH allocated specifically to Morpho Vaults V2, according to a X post from the EF today, March 18.
The move follows an initial deployment in October 2025, when the EF put 2,400 ETH (~$5.3 million) and approximately $6 million in stablecoins into the protocol — bringing the Foundation's total Morpho commitment to just under $19 million to date.
According to the post, the DeFi deployments are a direct expression of the EF's refreshed treasury policy, first unveiled in June 2025, which codified a new "Defipunk" framework to guide on-chain capital allocation.
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