{"id":24367,"date":"2022-04-19T01:20:04","date_gmt":"2022-04-19T05:20:04","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24367"},"modified":"2022-04-19T01:20:18","modified_gmt":"2022-04-19T05:20:18","slug":"ethereum-foundation-treasury-increases-non-crypto-assets-to-19","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-foundation-treasury-increases-non-crypto-assets-to-19\/","title":{"rendered":"Ethereum Foundation Treasury Increases Non-Crypto Assets To 19%"},"content":{"rendered":"\n
It has been revealed that the Ethereum Foundation which is in charge of overseeing and funding Ethereum<\/a> network development has a sizable stake in non-crypto assets.<\/h5>\n\n\n\n
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Ethereum Foundation treasury has an increase in non crypto assets<\/figcaption><\/figure>\n\n\n\n

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The Ethereum Foundation<\/a> (EF) has released a report detailing how its $1.6 billion treasury is mostly made up of Ether (ETH), bu t it also includes a surprising 18.8 percent in non-crypto assets.<\/p>\n\n\n\n

In total, the EF non-profit organization, which manages funds for Ethereum development, owns approximately 0.3 percent of the current total ETH supply, amounting to approximately $1.3 billion, as verified by Etherscan\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. Its non-crypto holdings, on the other hand, account<\/use><\/svg><\/span><\/a> for a sizable $302 million share.<\/p>\n\n\n\n

The Foundation's April 2022 report is the first to outline what it has in its treasury and how it is allocating expenditures, including grant funding for various Ethereum-based projects. Overall, the EF appears to be on the solid financial ground, having spent only $48 million in 2021.<\/p>\n\n\n\n

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The Ethereum Foundation\u2019s treasury as of April 2022.<\/em><\/figcaption><\/figure>\n<\/figure>\n\n\n\n

According to the report, it has increased its non-crypto holdings to $302 million from an undisclosed amount previously. That sum is intended to provide “a greater safety margin” to protect it from a crypto market downturn.<\/p>\n\n\n\n

The Foundation did not immediately respond to a request for information about its non-crypto holdings. In an April 18 tweet<\/use><\/svg><\/span><\/a>, Ethereum researcher Justin Drake suggested that the non-crypto holdings are simply fiat reserves.<\/p>\n\n\n\n
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\"\"<\/figure>\n<\/figure>\n\n\n\n

Last year, the Foundation spent $21.8 million on layer-one (L1) research and development, which accounted for the majority of its expenditures. This total excludes the Client Incentive Program (CIP<\/use><\/svg><\/span><\/a>), which is an ongoing program that rewards nine specific node operators with a fixed share of 39,168 ETH ($132 million) regularly.<\/p>\n\n\n\n

It also spent $9.7 million on community development, $5.9 million on Ethereum as a developer platform, $5.1 million on international operations, $3.6 million on ZK (zero-knowledge) R&D, and $1.9 million on layer-two (L2) R&D.<\/p>\n\n\n\n

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The EF's financial report comes just a few months before The Merge when the Ethereum main net will switch to a proof-of-stake (PoS) consensus algorithm. This is expected to significantly reduce the network's energy requirements as well as its carbon footprint.<\/p>\n","protected":false},"excerpt":{"rendered":"

It has been revealed that the Ethereum Foundation which is in charge of overseeing and funding Ethereum network development has a sizable stake in non-crypto assets. The Ethereum Foundation (EF) has released a report detailing how its $1.6 billion treasury is mostly made up of Ether (ETH), bu t it also includes a surprising 18.8 […]<\/p>\n","protected":false},"author":33,"featured_media":24368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[9249,4413,9250],"class_list":["post-24367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-ethereum-foundation","tag-ethereum-network","tag-non-crypto-assets"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/31-e1590525028273-1024x540-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24367"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24368"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}