#Ethereum Foundation Manages DeFi Funds with New Wallet#
Hot Topic Overview
Overview
The Ethereum Foundation has announced the creation of a new multi-signature wallet to manage approximately $160 million worth of ETH and begin participation in the DeFi ecosystem. The foundation has transferred 50,000 ETH to the wallet and plans to conduct test transactions on Aave. This new wallet is managed by a Safe protocol's RWA smart account, utilizing a 3/5 multi-signature mechanism, aiming to enhance fund operations and explore the DeFi landscape. This move signifies the Ethereum Foundation's continued organizational transformation and active participation in building the DeFi ecosystem.
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation has announced the establishment of a new multi-signature wallet to manage approximately $160 million worth of ETH, which will be used to support the DeFi ecosystem. This new wallet utilizes the Safe protocol's RWA smart account, a 3/5 multi-signature wallet, and has begun transferring 50,000 ETH to the wallet. The process is expected to take several days. The foundation stated that they will use this new wallet to participate in the DeFi ecosystem and have already conducted test transactions on the Aave platform. This move signals a more active involvement of the Ethereum Foundation in the DeFi space and further reinforces the Safe protocol's leading position as a digital asset infrastructure layer.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation has set up a new multi-sig wallet to manage its funds and participate in the DeFi ecosystem.
The wallet will use Safe protocol's RWA smart account and has started test transactions on the Aave platform.
The foundation will inject about $150 million worth of ETH into the wallet to support DeFi development.
This move shows that the Ethereum Foundation is actively participating in the DeFi ecosystem and using its funds to support innovation and development in the field.