#The Ethereum Foundation manages $160 million in DeFi funds using Safe.#
Hot Topic Overview
Overview
The Ethereum Foundation has announced the transfer of 50,000 ETH (approximately $160 million) to a new 3/5 multi-signature wallet to support DeFi development. The foundation opted to utilize Safe protocol's RWA smart accounts to manage these funds, and has already conducted test transactions on the Aave platform. This move signifies the Ethereum Foundation's increased commitment to engaging with the DeFi ecosystem, and further cements Safe's position as a leading digital asset infrastructure layer.
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation has announced the transfer of 50,000 ETH (approximately $160 million) to a new 3/5 multi-sig wallet to support DeFi development. The Foundation opted for Safe Protocol's RWA Smart Account to manage these funds, and has already conducted test transactions on the Aave platform. This move marks a more active engagement of the Ethereum Foundation in the DeFi ecosystem and further cements Safe as a leading infrastructure layer for digital assets. The Foundation stated that they will transfer more funds over time, and plan to use the wallet to participate in more DeFi activities.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation begins direct participation in DeFi, and uses Safe protocol to manage its funds.
The Foundation will use a new 3/5 multi-signature wallet to manage 50,000 ETH (approximately $160 million).
The Foundation chose Safe protocol because of its security, user experience and leadership position in the DeFi ecosystem.
The Foundation will start with the Aave platform and gradually transfer more funds to the Safe wallet.