Odaily Planet Daily News The Ethereum Foundation (EF) has now started using the Safe protocol to migrate its fund management business to the Safe protocol's RWA smart account, and implemented a new 3/5 multi-signature wallet to manage 50,000 ETH (about $160 million) to support DeFi development.
The foundation's strategic decision to choose the Safe protocol infrastructure comes as it prepares to expand its participation in the DeFi protocol, starting with preliminary testing on the Aave platform. As one of the most influential organizations in the cryptocurrency field, this strategic move further strengthens Safe's leading position as the infrastructure layer for digital assets, marking another important step in Safe's vision of migrating global GDP to the blockchain. Currently, the total assets stored in Safe accounts have exceeded $100 billion.
The Ethereum Foundation said: "EF will use this new wallet to participate in the DeFi ecosystem. We have already conducted test transactions on Aave. Stay tuned. In addition, Safe has proven its security and has an excellent user experience, and we will transfer more funds over time."