Ethereum co-founder Vitalik Buterin said that the Ethereum Foundation, which has attracted attention with its sales, is exploring ETH staking options.
Ethereum co-founder Vitalik Buterin stated in a post on his X account that the Ethereum Foundation is exploring the idea of staking approximately $1 billion worth of ETH assets.
Eric Conner, an angel investor in X, suggested that the foundation could stake its shares and use the staking rewards to pay employees and give grants.
Responding to this suggestion, Buterin explained that there were two reasons why the foundation had not done this in the past, and noted that there could be some dangers in the foundation staking ETH, saying:
“Historically, the concerns have been regulatory risks and having to take a stance against controversial hard forks.
While regulatory concerns have diminished, the second problem remains, but there are certainly ways to minimize it.
We are also looking into staking in the near future.”
According to Onchain data, the Ethereum Foundation sold 100 ETH again today. With this latest sale, the Ethereum Foundation has sold a total of 4,666 ETH (worth $13.3 million) since January 2, 2024.
https://twitter.com/VitalikButerin/status/1881298926650929415
*This is not investment advice.
