Ethereum Foundation Bolsters Morpho With 3,400 ETH Investment

The Ethereum Foundation has made its second significant investment in Morpho, a decentralized finance (DeFi) protocol, by deploying 3,400 ETH tokens worth approximately $7.6 million into the platform's yield-bearing vaults.

This move is consistent with the foundation's treasury policy, 'Defipunk,' which outlines requirements for on-chain deployments to ensure immutability, self-custody, and open-source licensing. The policy was published in June 2025 and aims to promote sustainable technical approaches and governance models in DeFi.

Morpho meets these criteria, as its V2 architecture features contracts that are fully immutable once deployed, without any administrative override capabilities. The protocol also operates under GPL 2.0, a free/libre open-source license compliant with the Defipunk policy.