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Ethereum Foundation to Stake Approximately 70,000 ETH Using Bitwise Infrastructure
According to PR Newswire, asset management firm Bitwise announced that the Ethereum Foundation is using its on-chain staking division's open-source software Dirk and Vouch for vault staking. The Ethereum Foundation has completed its first deposit of 2016 ETH and plans to ultimately stake around 70,000 ETH, worth approximately $140 million.
The staking aims to ensure network security and client diversity through Dirk's distributed signer and Vouch's multi-client verification tools.