The Ethereum Foundation will start to stake the Ether it holds in its treasury, currently at over 172,000 tokens, to boost network security.
It staked over 2,000 ETH today, and expects to channel 70,000 tokens initially, with the yield directed back to the Treasury.
The Ethereum Foundation is taking a more active role in protecting and governing the network, pledging to stake up to 70,000 ETH from its Treasury in the long term.
The Foundation announced the move today, revealing that it had made its first deposit of 2,016 ETH on the mainnet deposit contract. As CNF reported last week, this contract now holds over 50% of all the ETH supply for the first time in the network’s history.
1/ The Ethereum Foundation has begun staking a portion of its treasury, in line with its Treasury Policy announced last year.
Today, the EF made a 2016 ETH deposit. Approximately 70,000 ETH will be staked with rewards directed back to the EF treasury.
— Ethereum Foundation (@ethereumfndn) February
