#Ethereum Foundation invests in DeFi#
Hot Topic Overview
Overview
The Ethereum Foundation has announced the transfer of 50,000 ETH, worth over $167 million, into a new multi-signature wallet to support the DeFi ecosystem. The Foundation has begun using the Safe protocol to manage its funds and has already conducted test transactions on the Aave platform. This move marks a more direct involvement of the Ethereum Foundation in DeFi and signifies its support for the development of the DeFi ecosystem.
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation announced that it has transferred over 50,000 ETH, worth more than $167 million, to a new multi-signature wallet to support the DeFi ecosystem. The Foundation will use this new wallet to participate in the DeFi ecosystem and has already conducted test transactions on Aave. This move marks the Ethereum Foundation's transition of its funds management operations to Safe's RWA smart accounts, indicating its ongoing organizational transformation to support DeFi development. The Foundation's strategic decision to choose Safe protocol infrastructure further solidifies Safe's leading position as a digital asset infrastructure layer. Currently, over $100 billion in assets are stored in Safe accounts.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation will use a newly established wallet to participate in the DeFi ecosystem and has begun test trading on the Aave platform.
The foundation will use Safe Protocol's RWA smart account to manage $160 million in DeFi funds and has implemented a new 3/5 multi-signature wallet.
The foundation will use the new wallet to participate in the DeFi ecosystem and has begun test trading on the Aave platform.
The Ethereum Foundation has transferred more than 50,000 ETH worth over $167 million into the wallet to support DeFi.