Ethereum Foundation began staking through Lido $ETH
According to Arkham, the Ethereum Foundation sent 4,938 ETH (about $7.86 million) to the Lido Finance protocol and received stETH.
This is one of the largest publicly documented transfers from the foundation to Lido in recent times.
If the trend continues, the amount of ETH staked by the Ethereum Foundation could increase even further.
Staking allows you to earn rewards for supporting the Ethereum network, and using Lido makes it possible to maintain liquidity thanks to the stETH token, which can be used in DeFi protocols.
According to Arkham, the Ethereum Foundation sent 4,938 ETH (about $7.86 million) to the Lido Finance protocol and received stETH.
This is one of the largest publicly documented transfers from the foundation to Lido in recent times.
If the trend continues, the amount of ETH staked by the Ethereum Foundation could increase even further.
Staking allows you to earn rewards for supporting the Ethereum network, and using Lido makes it possible to maintain liquidity thanks to the stETH token, which can be used in DeFi protocols.