The Ethereum Foundation recently announced that they hold $788 million in cryptocurrency and have introduced a new conflict of interest policy for their team. This policy aims to prevent staff from taking on outside jobs that could create potential conflicts, especially those that pay in hard-to-value assets.
These updates show the foundation’s financial strength and commitment to transparency and integrity in the crypto world. The foundation holds a total of $970.2 million in assets, with most of that in cryptocurrency. They keep most of their treasury in ETH due to their belief in Ethereum’s future and to support essential projects within the Ethereum community.
This financial strategy comes amid requests for greater openness from the community. The foundation also detailed its conflict of interest policy, stating that team members can take on outside work but must notify the foundation and discuss it with their team lead. Staff cannot accept outside payments in hard-to-value assets, with some rare exceptions.
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