Ethereum Foundation Initiates Treasury Staking Program, Commits Millions in ETH
Ethereum Foundation Initiates Treasury Staking Program, Commits Millions in ETH
The Ethereum Foundation has commenced staking a portion of its treasury's ETH holdings. An initial deposit of 2,106 ETH, valued at approximately $3.8 million, has been staked. The organization plans to stake a total of 70,000 ETH, with all generated rewards being reinvested into the EF treasury. This strategy involves direct participation in network consensus through solo staking.
The Ethereum Foundation is now staking part of its treasury stockpile of ETH. The organization says it has staked an initial deposit of 2,106 ETH worth around $3.8 million. Approximately 70,000 ETH will be staked in total, with all rewards directed back to the EF treasury. “By participating directly in consensus through solo staking, the […]