### Ethereum Foundation's foray into DeFi#
Hot Topic Overview
Overview
The Ethereum Foundation has announced a new wallet address dedicated to participating in Decentralized Finance (DeFi) and has begun transferring 50,000 ETH, valued at approximately $167 million, to the wallet. The Foundation plans to use this new wallet to participate in the DeFi ecosystem and has already conducted test trades on Aave. The move confirms Vitalik Buterin's recent statement about the non-profit organization undergoing continued organizational change, and signals the Ethereum Foundation's active participation in the development of DeFi.
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation announced that it has transferred 50,000 ETH to a new multi-signature wallet for participation in the DeFi ecosystem. This move signifies the foundation's direct engagement with DeFi applications, with plans to gradually transfer more funds to this wallet. The foundation has conducted test transactions on Aave and stated that Chainlink oracles will be used to ensure the security of funds. This initiative has attracted widespread attention and is considered part of the foundation's organizational transformation, aiming for more active participation in the DeFi space and driving further development of the Ethereum ecosystem.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation has set up a new multi-signature wallet to participate in the DeFi ecosystem.
The foundation will inject approximately $150 million worth of ETH into the wallet and plans to use it for DeFi activities, starting with test transactions on Aave.
The foundation will use Chainlink oracles to ensure the safety of funds.
This move is seen as a confirmation of Vitalik Buterin's recent statement about the non-profit organization's ongoing organizational changes.