#The Ethereum Foundation manages $160 million with Safe.#
Hot Topic Overview
Overview
The Ethereum Foundation has announced it will manage its $160 million in funds using the Safe protocol and has set up a new 3/5 multi-signature wallet to manage 50,000 ETH. This move aims to strengthen the Foundation's financial operations and explore the DeFi ecosystem, with the Foundation already conducting test transactions on Aave. This strategic decision signals Safe's leading position as an infrastructure layer for digital assets and further reinforces its role in the vision of global GDP migrating to blockchain.
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation recently announced that it will be using Safe Protocol's RWA smart accounts to manage its $160 million DeFi funds. The foundation has established a new 3/5 multi-signature wallet for managing 50,000 ETH and has begun test trading on the Aave platform. This move indicates that the Ethereum Foundation will further participate in the DeFi ecosystem and explore more DeFi applications. The foundation chose Safe Protocol due to its security, user experience, and leading position in digital asset infrastructure. Safe Protocol currently manages over $100 billion in assets, and this collaboration will further promote Safe Protocol globally and accelerate the migration of global GDP to the blockchain.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation uses Safe protocol to manage $160 million in DeFi funds, aiming to strengthen its financial operations and explore the DeFi space.
The foundation selected Safe protocol's RWA smart accounts to create a new 3/5 multi-signature wallet for managing 50,000 ETH.
The foundation will use this wallet to participate in the DeFi ecosystem and has already conducted test transactions on the Aave platform.
Safe protocol's security, user experience, and its leadership position in digital asset infrastructure led the Ethereum Foundation to choose it.