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The Ethereum Foundation will stake approximately 70,000 ETH using Bitwise infrastructure.
ChainCatcher reports that, according to PR Newswire, asset management firm Bitwise announced that the Ethereum Foundation is using its open-source software Dirk and Vouch, developed by its on-chain staking division, for treasury staking. The Ethereum Foundation has completed its first deposit of 2,016 ETH and plans to ultimately stake around 70,000 ETH, worth approximately $140 million.
The staking aims to ensure network security and client diversity by utilizing Dirk, a distributed signer, and Vouch, a multi-client validation tool.