Ethereum creator Vitalik Buterin says he hasn’t sold any ETH for six years unless it was going toward charity or boosting projects within the ecosystem.
In response to rumors of him selling Ethereum, Buterin says that he hasn’t unloaded any ETH for personal gain.
“I haven’t sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the Ethereum ecosystem or broader charity (eg. biomedical research and development).”
Buterin also highlights that the Ethereum Foundation awarded $8.4 million in grants to ecosystem projects last quarter.
Last month, Buterin named some of the crypto projects that he believes in, including crypto betting platform Polymarket as well as stablecoins USDC and RAI.
At the time, he also said that decentralized finance (DeFi) protocols need to prove their worth by sustaining themselves without sacrificing the core principles of crypto – being decentralized and permissionless.
According to Buterin, business models that incorporate liquidity farming appear to be unsustainable in the long run.
“Things that I don’t respect are basically things whose attractiveness comes from some temporary source that has no sustainability, eg. I felt no excitement toward the 2021-era liquidity farming craze because it was obvious that it came from token issuances that are fundamentally temporary.”
The second-largest digital asset is trading for $2,437 at time of writing, a 1.27% decrease during the last 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
