The Ethereum Foundation has started a programme to stake part of its treasury assets. It follows the treasury management policy announced last year. The foundation made an initial deposit of 2,016 ether (ETH) on Feb. 24. It plans total staking of about 70,000 ether. All staking rewards will be credited to the foundation’s treasury.
The staking operation will use the open-source software Dirk and Vouch developed by Attestant. Dirk is a decentralised signing tool. It can be operated separately across multiple jurisdictions and has no single point of failure. Vouch supports a multi-client mix to reduce the risk of client concentration. The foundation will run custody infrastructure and self-managed hardware together in a small-client mix and deploy them across multiple jurisdictions.
The foundation said the move will strengthen security on the Ethereum network while helping secure funding needed for key activities such as protocol research and development, ecosystem growth and community grant support.
Chi-gyu Hwang
delight@d-today.co.kr