Episode Details
Back to EpisodesEthereum Foundation Stakes Record 20K ETH
Description
Ethereum Foundation Stakes Record 20K ETH, Boosting Research & Ecosystem Growth
The Ethereum Foundation has made a significant move by staking over twenty thousand ETH, a record for them, worth approximately forty-six million dollars. This action aligns with their February plan to stake seventy thousand ETH in total. Despite yields dipping to 2.7% from 3.4% earlier this year, the foundation continues to strengthen their validators, with another 147,400 ETH remaining in their treasury, valued at three hundred three million dollars. This strategic move ensures a steady income for research, grants, and ecosystem growth without selling off assets.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/a850dd17aafda195