The Ethereum Foundation will stake approximately 70,000 ETH using Bitwise infrastructure

According to PR Newswire, asset management company Bitwise announced that the Ethereum Foundation is using the open-source software Dirk and Vouch developed by its on-chain staking department for treasury staking. The Ethereum Foundation has completed its first deposit of 2,016 ETH and plans to ultimately stake around 70,000 ETH, valued at approximately $140 million.

This staking aims to leverage the Dirk distributed signer and Vouch multi-client verification tools to ensure network security and client diversity.