Ethereum Foundation Launches Multisig Wallet for DeFi Participation

Description

The Ethereum Foundation (EF), a non-profit supporting the Ethereum blockchain network, has established a multisig wallet to participate in the decentralized finance (DeFi) ecosystem. In line with this, the organization has initiated a transfer of 50,000 ETH worth approximately $165.3 million into the wallet. The New Multisig Wallet According to a January 20 X post by Hsiao-Wei Wang, recently appointed to a leadership role at the entity, the wallet uses a 3-of-5 multisig configuration and is mana...