Ethereum Foundation Boosts DeFi With New Division and DeFipunk Support
The Ethereum Foundation has confirmed support for the DeFipunk initiative and is creating a new DeFi division, to be led by experienced leaders such as Charles St. Louis. Announced amid ongoing bearish pressure on ETH, the effort signals the foundation’s intent to double down on infrastructure, coordination and developer support for decentralized finance projects on Ethereum.
Why this matters: the new division and DeFipunk backing could accelerate protocol development, tooling and community programs that strengthen ecosystem resilience even if market sentiment remains weak. Short-term price effects are uncertain, but for builders and users the move represents renewed institutional commitment to DeFi growth; stakeholders should watch for hiring, grant programs and partnership details in the coming weeks.