Ethereum Foundation Launches Multisig Wallet for DeFi Participation

Ethereum Foundation Launches Multisig Wallet for DeFi Participation

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ETHEREUM FOUNDATION (EF), a non -profit organization that supports Ethereum Blockchain, has been established, a multi -range portfolio to participate in the decentralized financing system (Defi).

In line with this, the organization began to transfer 50,000 ETH at a value of about $ 165.3 million in the wallet.

New Multisig Wallet

According to January 20 x mail By HSIA-WEI WANG, which was recently appointed as a leading role in this entity, the portfolio uses a multi-part composition of 3 out of 5 and is managed by Amna, previously known as safe gnas.

The safe advertisement described it as safe as a “great user experience”. Preliminary test practical It was also sent to AAVE, one of the largest lending protocols within the ETHEREUM ecosystem.

This development comes at a time when the Foundation faces long -term fears regarding the lock of transparency, especially in the treasury management.

Frequent eth Selling operations By EF, outwardly cover Operating expenses and costs have also attracted criticism to contribute to pressure on the original. This has led to suggestions that non -profit organizations should explore alternatives, such as deception or spreading part of the ETH holdings on the series to generate returns and meet their financial needs.

Participation in the DEFI ecological system can provide a way to enhance the Foundation’s treasury, which has decreased over the past three years by 39 % to 970.2 million dollars as of October 31, 2024.

A financial report was released last year open That 788.7 million dollars, or 81.3 % of its total treasury, is kept in the encrypted currency, with 99.45 % of this amount in ETH.

Despite these important holdings, the co -founder of Ethereum Vitalik Buterin Detected The organization has refrained from its richness to gain vibrant rewards due to concerns about organizational effects, maintaining neutrality, and the potential challenge of taking the two sides in the event of a difficult network.

Driving reforms

In recent weeks, many prominent commentators have sparked new issues, pointing to poor performance in the ETHEREUM market and increasing competition from Solana as factories that justify scrutiny in the leadership of the institution.

Borin acknowledge these concerns, to be sure These main changes are underway to reshape the group’s driving structure.

He explained that the planned reforms aim to enhance the technical experience of the leadership of the higher institution, to enhance communication and cooperation with the main participants in the ethereum ecosystem, and provide more active support to applications.

He also stressed that EF does not intend to submit an ideological transformation, or pressure organizations strongly, or move towards a very central governance model.

In addition, the co -founder of Ethereum Joseph Lubin Proposal The double driving structure of its future direction. Ethereum developer Danny Ryan and Jerome de Tishi, Ethereum France president, suggested as candidates for technical competence budget with the work strategy.

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