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Ethereum Foundation denies rumors of Maker liquidation

The Ethereum Foundation has never been liquidated in DeFi, yet some people thought that it might suffer its first ETH liquidation today.

Liquity scare hits DeFi as Ethereum Foundation sinks $120M into sector

Liquity is a well-established DeFi protocol whose V1 has accrued over $300 million in total value locked since launching in 2021.

For a full decade, ether has struggled to rally past the psychologically-important 0.03 per bitcoin price level.

Vitalik Buterin reminded critics that he is the one deciding how the Ethereum Foundation’s leadership structure will look.

The Ethereum Foundation has responded to community frustrations by proving that it does in fact use the chain… to dump ETH.