Ethereum Foundation Moves $7.86M in ETH to Lido Staking

The Ethereum Foundation has staked 4,938 ETH, worth approximately $7.86 million, through Lido Finance, according to on-chain data.

The move involves depositing ETH into a liquid staking protocol, allowing the assets to participate in staking while remaining tokenized through Lido’s system.

The transaction is part of the foundation’s broader on-chain activity, with indications suggesting it could further increase its staking position.

Source: Onchain Lens