[aggregator] downloaded image for imported item #9417

This post was originally published on this site.


image

The Ethereum Foundation is stepping up its efforts to put treasury assets to work, with data from Arkham showing it staked more than 20,000 ETH on Monday, expanding its validator footprint even as yields hover below 3% and ether trades near $2,045.

Arkham data shows the transfers were split into uniform chunks of roughly 2,047 ETH.

The deposits extend a strategy first outlined in February, when the foundation said it would stake 70,000 ETH to generate yield for operations. That initial roll-out began with a 2,016 ETH deposit and positioned staking rewards as a funding source for research, ecosystem development and grants, turning long-held reserves into a steady income stream.

Based on the CoinDesk Composite Ether Staking Rate (CESR), the foundation will get a 2.7% yield from its staked ETH. This is down from 3.4% earlier in the year.

Onchain data shows that the Ethereum Foundation has another 147,400 ETH ($303 million) in its treasury.

Cropped E96B6326 147B 4865 894F 412B106323EA

Stay Ahead in Crypto !!!

SIGN UP TO RECEIVE THE LATEST Crypto News, Insights, & Occasional Perks - Delivered 1-2 times a week.

We don’t spam! Read our privacy policy for more info.

Leave a Reply

Your email address will not be published. Required fields are marked *