The Ethereum Foundation disclosed on Wednesday that it had deposited 2,400 ETH and approximately $6 million in stablecoins into Morpho’s yield-bearing vaults.

Morpho, which operates as a permissionless DeFi protocol, is known for its commitment to open-source development. Its flagship products, including MetaMorpho and Morpho Vault v2, are licensed under GPL2.0.

The move reflects the Foundation’s growing support for DeFi and ecosystem development in 2025, marked by major treasury actions and a shift in funding priorities. In February, the Ethereum Foundation injected approximately $120 million worth of Ether into various DeFi lending protocols to generate yield and augment its treasury funds.