Overview
The Ethereum Foundation has begun staking a portion of its treasury, in line with its Treasury Policy announced last year.
Approximately 70,000 ETH is being staked with rewards directed back to the EF treasury.
Architecture & configuration
After assessing many good staking software options, the Ethereum Foundation chose to use the open source software options Dirk and Vouch:
- Dirk serves as a distributed signer, spreading signers across multiple geographic regions. This design eliminates a single point of failure and enhances resilience.
- Vouch supports the use of multiple Beacon Client and Execution Client pairings with a variety of configurable strategies which can be used to protect against client diversity risks.
The Ethereum Foundation’s setup employs minority clients and a mix of hosted infrastructure and self-managed hardware in several jurisdictions.
The validators are using Type 2 (0x02) withdrawal credentials, which offer several advantages:
- Transferability: Validator balances can be moved between accounts through consolidations, allowing faster changes in signing‑key custody.
- Reduced Key Management: With a maximum effective balance of 2048 ETH per validator, the number of required signing keys drops to roughly 35.
- Flexible Exits: Like 0x01 credentials, exits can be triggered by the withdrawal address even if the validators are offline.
The setup will be building blocks locally rather than using proposer-builder separation sidecars.
Broader impact
By participating directly in consensus through solo staking, the Ethereum Foundation generates native, ETH-denominated yield to help fund its stewardship of the ecosystem. It does so using Ethereum’s own economic rails and thereby subjects itself to the friction, risks, and operational realities of staking while setting a standard both in transparency and in operational management of validators.
Deposits
The first of these validators can be found here. The remainder of the deposits will follow in the coming weeks.
