Ethereum Foundation stakes additional $42 million of ether. About 20,470 ETH, or roughly $42 million, flowed from Ethereum Foundation-linked wallets into the Beacon Chain in a series of coordinated deposits Monday, marking one of the largest visible batches in its ongoing staking rollout.
The Ethereum Foundation staked more than 20,000 additional ETH as part of a broader strategy to put its treasury assets to work.
The move builds on a plan announced in February to stake 70,000 ETH and use the resulting rewards to fund operations, research, ecosystem development and grants.
The newly staked ETH is expected to earn a 2.7% yield, down from 3.4% earlier this year. The foundation still holds about 147,400 ETH (roughly $303 million) in its treasury
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
.Ethereum Foundation has another 147,400 ETH ($303 million) in its treasury.
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