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The Ethereum Foundation will stake approximately 70,000 ETH using Bitwise infrastructure.
Deep Tide TechFlow News, March 9 — Asset management firm Bitwise announced that the Ethereum Foundation is using its open-source software Dirk and Vouch, developed by its on-chain staking division, for vault staking. The Ethereum Foundation has completed its first deposit of 2,016 ETH and plans to ultimately stake around 70,000 ETH, worth approximately $140 million. The staking aims to ensure network security and client diversity through Dirk’s distributed signer and Vouch’s multi-client verification tools.