Ethereum Foundation, which carries out studies to develop the ecosystem on the Ethereum network, continued to increase its strategy of evaluating its assets. In recent transfers, the foundation directed over 20 thousand ether to staking transactions. This step took place at a time when the price of ether remained around $ 2,045 and staking revenues were below 3 percent.
Foundation increases the number of paid validators
Arkham’s on-chain data showed that the Ethereum Foundation’s transfers on Monday were split into equal parts of approximately 2,047 ETH. This method is among the standard practices preferred for operational transparency and security in corporate investment processes.
This staking move of the organization is a continuation of the long-term evaluation plan of 70 thousand ETH announced in February. The first operation launched at that time started with an investment of 2,016 ETH, and it was announced that the staking rewards obtained since then would be used to finance research studies, ecosystem contributions and various grants.
This structure, implemented by the Ethereum Foundation, offers an approach based on turning crypto assets that have been in your wallet for a long time into a source of regular income. This method also increases validator participation on the network and its effectiveness in governance.
Decrease in stake returns, growth in reserves
According to CoinDesk Composite Ether Staking Rate (CESR) data, Ethereum Foundation currently earns a 2.7 percent return on the ETH it stakes. The rate in question was 3.4 percent at the beginning of the year. This decrease in staking returns is shaped by the increase in total staked assets in the network and the dynamics of block rewards.
Available data revealed that the Ethereum Foundation has another 147,400 ETH (worth approximately $303 million) in its reserves. Although a significant portion of these assets have not yet been actively included in the staking process, the continuation of such steps in the future has significant potential for the financing structure of the ecosystem.
With these actions on the chain, the Ethereum Foundation aims to both create a sustainable source of income on the network and utilize its funds more effectively. On the other hand, such steps also serve as an example for other major players in the ecosystem.
