Ethereum Foundation Stakes 45,000 ETH, Shifts Focus to Yield Generation

The Ethereum Foundation has been actively engaging in staking activities, locking up its Ether holdings to generate yield. In a recent development, the foundation staked over 45,000 ETH tokens on the smart contract platform, bringing its total to approximately 69,500 coins.

This milestone marks another significant step towards the foundation's goal of reaching 70,000 staked ETH. The foundation started staking in February after revising its treasury strategy policy last June. As part of this revised strategy, the EF will periodically sell Ether to cover deviations in the treasury's fiat-denominated assets from the Opex Buffer.

However, it appears that the foundation is now changing its approach by locking up its ETH to generate yield rather than selling to cover expenses. This move comes after significant pressure from the Ethereum community, which has been urging the foundation to explore alternative revenue streams.