#Ethereum Foundation Enters DeFi#
Hot Topic Overview
Overview
The Ethereum Foundation has announced it is transferring 50,000 ETH (approximately $160 million) to a new multi-sig wallet to participate in the DeFi ecosystem. The foundation has begun using Safe Protocol’s RWA smart account to manage these funds and has already conducted test trades on Aave. This move marks a more direct involvement in DeFi by the Ethereum Foundation and demonstrates its confidence in the DeFi ecosystem. The foundation stated it will transfer more funds to the wallet over time.
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation announced the transfer of 50,000 ETH (approximately $160 million) to a new multi-signature wallet, with plans to use it to engage in the DeFi ecosystem. The foundation chose to utilize RWA smart accounts from the Safe protocol to manage these funds and has already completed test transactions on the Aave platform. This move signifies the Ethereum Foundation's intention to become more directly involved in the DeFi space and demonstrates its support for the development of the DeFi ecosystem. The foundation stated that it will gradually transfer more funds to this wallet in the future and plans to utilize it to participate in further DeFi projects.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Ethereum Foundation has transferred 50,000 ETH to a new multi-signature wallet to participate in the DeFi ecosystem.
The foundation will use this wallet for DeFi activities and has already conducted test transactions on Aave.
The foundation chose the Safe protocol to manage funds and said it will move more funds over time.
This move is seen as a further sign of the Ethereum Foundation's support for the DeFi ecosystem and indicates the foundation's commitment to DeFi.