Putting the treasury to work: The Ethereum Foundation just staked 70,000 ETH to fund its future

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TL;DR

The Ethereum Foundation is staking 70,000 ETH using open-source tools Dirk and Vouch to earn rewards for funding protocol research, ecosystem development, and community grants, while reducing single points of failure.

Key Takeaways

  • The Ethereum Foundation has begun staking 70,000 ETH to support operations and strengthen its role in the ecosystem.
  • Staking uses Dirk and Vouch tools by Attestant to manage validators and reduce failure risks.
  • Rewards will fund protocol research, ecosystem development, and community grants.
  • The move aligns with the Foundation's treasury policy for long-term sustainability and Ethereum values like decentralization.
  • The staking setup includes hosted infrastructure and self-managed hardware across multiple countries.

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Ethereum FoundationETH stakingDirk and Vouchprotocol researchecosystem funding
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What to know:

  • The Ethereum Foundation has started the process of staking 70,000 ETH to support operations and deepen its role in the Ethereum ecosystem.
  • The staking uses Dirk and Vouch, open-source tools developed by Attestant, to manage validator duties and reduce single points of failure.
  • Staking rewards will be used to fund protocol research, ecosystem development, and community grants, the EF said.
  • The Ethereum Foundation has started the process of staking 70,000 ETH to support operations and deepen its role in the Ethereum ecosystem.
  • The staking uses Dirk and Vouch, open-source tools developed by Attestant, to manage validator duties and reduce single points of failure.
  • Staking rewards will be used to fund protocol research, ecosystem development, and community grants, the EF said.

The Ethereum Foundation has started staking part of its treasury holdings, putting around 70,000 ETH to work as part of its plan to support ongoing operations in the Ethereum ecosystem.

The staking commenced with a 2,016 ETH deposit, and uses Dirk and Vouch, open-source validator tools developed by infrastructure firm Attestant, the Foundation said.

Dirk functions as a distributed signer that allows for coordination across multiple jurisdictions and reduces single points of failure, while Vouch handles validator duties.

The decision follows the public release of the Foundation's treasury policy last year to manage crypto and fiat holdings in a way that balances long-term sustainability with Ethereum-aligned values such as decentralization, open-source access and user privacy.

Rather than letting ETH sit idle, the Foundation now plans to earn staking rewards and redirect those back into funding protocol research, ecosystem development, and community grants.

Based on the CoinDesk Composite Ether Staking Rate (CESR), the current staking yield of the Ethereum validator population is around 2.808%. Data from Arkham Intelligence shows the Ethereum Foundation currently has 172,650 ETH it could deploy, along with an additional 10,000 wrapped ether (WETH).

The staking setup uses a combination of hosted infrastructure and self-managed hardware, including minority clients, spread across several countries, the Foundation said.

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