Ethereum Foundation begins staking part of its holdings…to deploy about 70,000 ETH

The Ethereum Foundation has begun staking part of its holdings.

On the 24th, the foundation said via X (formerly Twitter) that, in line with the treasury policy it announced last year, it will use a portion of its treasury assets for staking. It initially deposited 2,016 ETH, and plans to stake about 70,000 ETH going forward. Staking rewards will accrue to the foundation’s treasury.

The foundation explained that it will use the open-source software “Dirk” and “Vouch” for this process. The solutions were developed by AttestantIO.

Dirk is a distributed signing system designed to enable validation operations even in operating environments spread across multiple countries. The structure minimizes single points of failure (SPOF). Vouch supports combinations of multiple clients, offering a strategy to mitigate risks arising from reliance on any single client.

The foundation said it plans to run staking using a setup that leverages a small number of clients and combines hosting infrastructure across multiple countries with self-managed hardware.

The Ethereum Foundation said, “This measure will help strengthen the security of the Ethereum network while also supporting funding for the foundation’s core activities, including protocol research and development (R&D), ecosystem expansion, and community support.”