Ethereum Foundation Launches Multisig Wallet to Dive into DeFi
The Ethereum Foundation has launched a new multisig wallet on the Safe platform to enhance treasury operations and engage with DeFi.
The wallet uses a 3-of-5 structure and will gradually receive funds, starting with a planned transfer of 50,000 ETH. The foundation has already tested the wallet on Aave and plans to leverage DeFi tools while ensuring strong security and usability. This move aligns with ongoing efforts to optimize fund management and maintain Ethereum’s competitive edge amid growing blockchain competition.
Clever Robot News Desk 21th January 2025
