#Ethereum Foundation Invests $160 Million in DeFi#
Hot Topic Overview
Overview
The Ethereum Foundation has announced the creation of a new multi-signature wallet and has begun transferring 50,000 ETH, worth over $160 million, to the wallet for participation in the DeFi ecosystem. The Foundation has already conducted test transactions on Aave and plans to gradually transfer more funds to the wallet. This move signals a more direct involvement of the Ethereum Foundation in the DeFi space and demonstrates its support for the development of the DeFi ecosystem.
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation has announced it will invest $160 million (approximately 50,000 ETH) in the DeFi ecosystem and has established a new 3-of-5 multi-signature wallet to manage these funds. The foundation stated that they will use this new wallet to participate in the DeFi ecosystem and have already conducted test transactions on Aave. The foundation has chosen Safe Protocol's RWA smart account to manage these funds and stated that they will gradually transfer more funds to this wallet in the future. This initiative is considered a significant signal of the foundation's support for the DeFi ecosystem and also indicates that the foundation is actively exploring new ways to support the growth of the Ethereum ecosystem.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation will use a new multi-signature wallet to participate in the DeFi ecosystem, and has already made test transactions on Aave.
The foundation plans to inject about $150 million worth of ETH into the wallet, but noted that it could take several days to complete the setup.
The foundation's strategic decision to choose Safe protocol infrastructure comes as it prepares to expand its involvement in DeFi protocols, beginning with initial tests on the Aave platform.
The Ethereum Foundation will transfer more funds over time.