The Ethereum Foundation plans to convert 1,000 ETH to stablecoins using CoWSwap, a decentralized exchange protocol that facilitates crypto asset swaps. At current prices, the transaction is worth more than $4.5 million.

The foundation will utilize CoWSwap’s Time-Weighted Average Price (TWAP) feature to execute the conversion, which enables time-averaged price executions to minimize market impact during large swaps.

The move is part of its ongoing work to fund R&D, grants, and donations, while also showcasing the power of DeFi.