Ethereum Foundation starts 70,000 ETH staking process to fund operations, bolster network

The Ethereum Foundation has initiated the staking of approximately 70,000 ETH from its treasury holdings to generate rewards that will fund ongoing operations, protocol research, ecosystem development, and community grants within the Ethereum ecosystem. The staking process began with an initial deposit of 2,016 ETH and utilizes open-source validator tools named Dirk and Vouch, developed by Attestant. Dirk acts as a distributed signer to mitigate single points of failure, while Vouch manages validator duties. This move aligns with the Foundation's recently released treasury policy, which aims to manage assets sustainably while upholding Ethereum values like decentralization. The Foundation currently holds about 172,650 ETH available for deployment, and the staking setup incorporates a mix of hosted infrastructure and self-managed hardware across multiple jurisdictions.

(Source：CoinDesk)