PANews reported on January 21 that according to The Block, the Ethereum Foundation announced the establishment of a wallet address to start participating in decentralized finance (DeFi), confirming Vitalik Buterin's recent statement that the non-profit organization will continue to make organizational changes. The organization plans to inject about $150 million worth of ETH into the wallet, but noted that it may take a few days to complete the setup.
Hsiao-Wei Wang, who was recently appointed to a leadership position at the foundation, posted on X on Monday: “The Ethereum Foundation has established a new 5-signature 3-signature multi-signature wallet… The operation has been initiated to send 50,000 ETH to this wallet, but please be patient; due to signature delays, this will take a few days to process. The Ethereum Foundation will use this new wallet to participate in the DeFi ecosystem.”
