Ethereum Foundation Activates DeFi Wallet

• The EF sets up a Safe wallet.

• Changes to EF leadership.

• A path to Native Rollups.

• World Liberty Financial buys $47m ETH.

Ethereum Foundation Activates DeFi Wallet

Listen to this episode from Ethereum News on Spotify. The Ethereum Foundation sets up a DeFi wallet. Vitalik Buterin announces changes to EF leadership. Justin Drake outlines a path to Native Rollups. And World Liberty Financial buys $47 million worth of ETH. Read more: https://ethdaily.io/629

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The Ethereum Foundation established a Safe smart wallet address to take a more active role in the Ethereum ecosystem. Foundation leadership member Hsiao-Wei Wang announced the creation of a 3-of-5 Safe wallet by the foundation. Wang stated that the foundation plans to transfer 50,000 ETH to the wallet in the coming days. As part of its activities, the foundation conducted a test transaction on Aave, likely signaling plans to deposit more funds into the lending protocol. Wang also mentioned that additional funds would be transferred to the Safe Wallets over time. Safe is the leading smart contract wallet provider with nearly $100 billion in total value held on Safes.

Vitalik Buterin announced that the Ethereum Foundation (EF) is undergoing significant structural changes, a process that has been in progress for nearly a year. The changes focus on enhancing technical expertise within EF leadership, improving communication and collaboration with ecosystem stakeholders, attracting fresh talent, accelerating execution, and expanding the adoption of decentralized and privacy-focused technologies. Buterin emphasized that the restructuring explicitly aims to avoid adopting extreme ideological shifts, engaging in aggressive lobbying of regulators or political figures, or allowing vested interests to dominate the EF's direction. The announcement comes as ConsenSys founder Joseph Lubin vouched for Danny Ryan and Jerome de Tychey as potential candidates for EF leadership.

Ethereum researcher Justin Drake published an article outlining a pathway to achieve native rollups on Ethereum. The proposal introduces an EXECUTE precompile, which enables trustless verification of EVM state transitions directly on Ethereum’s L1. By leveraging the native EVM execution engine, native rollups can fully inherit Ethereum’s security while eliminating reliance on governance mechanisms like security councils. The EXECUTE precompile ensures EVM equivalence, seamless compatibility with L1 upgrades, and secure transaction validation, enforced through validator re-execution or optional SNARK proofs. Native rollups simplify development, enhance scalability, and provide a secure architecture while addressing ETH value accrual.

World Liberty Financial, an Ethereum-based DeFi platform backed by Donald Trump, purchased $47 million worth of ETH over the weekend. The purchase celebrates Trump’s inauguration as the 47th U.S. President. The transactions were executed through the CoW Swap MEV-protecting DEX.  World Liberty Financial's holdings now total 59,000 ETH, valued at approximately $200 million. The platform also bought $47 million worth of WBTC on Ethereum and staked a portion of its ETH via Lido Finance.. The acquisitions coincide with the conclusion of World Liberty Financial’s token sale, which raised over $300 million. 

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