The Ethereum Foundation has announced that it has begun staking its treasury funds, with plans to stake approximately 70,000 ETH in total

Odaily News The Ethereum Foundation has announced that it has begun staking its treasury funds, with an initial deposit of 2,016 ETH and plans to stake approximately 70,000 ETH in total. This move aligns with the treasury policy announced by the Foundation last year, with all staking rewards being returned to the Foundation's treasury.

The Foundation is using the open-source software Dirk and Vouch, developed by @AttestantIO, for its operations. Distributed signers ensure operation across multiple jurisdictions, mitigating the risk of a single point of failure. The Foundation stated that this initiative not only helps secure the Ethereum network but will also provide funding support for core operations such as protocol research and development, ecosystem growth, and community grants.