The Ethereum Foundation transfers 50,000 ETH to a new wallet address dedicated to supporting DeFi

PANews January 21 news, according to The Block, the Ethereum Foundation announced the establishment of a wallet address to begin participating in decentralized finance (DeFi), confirming Vitalik Buterin’s recent statement that the non-profit organization will continue to make organizational changes . The organization plans to inject approximately $150 million worth of ETH into the wallet, but noted that it may take several days to set up.

Hsiao-Wei Wang, who was recently appointed to a leadership role at the foundation, posted on , but please be patient; due to signing delays, this will take a few days to process and the Ethereum Foundation will use this new wallet to participate in the DeFi ecosystem.”