$ETHFI Makes a Transparent Move! 🚂🌞 Heads up, #ETHFI fam! The Ether.fi DAO just made a big move to increase transparency for the community.

Here's the lowdown: 👀👇

🌕 They transferred 232.6 million ETHFI tokens (worth over $521 million) to a brand new multisig wallet.

🌕 This follows a recent tweet from the Ether.fi foundation where they announced plans to separate their holdings (around 23% of all ETHFI) into a dedicated multisig.

Why the move? 🤷👉 More transparency! By segregating these funds, the Ether.fi foundation aims to:

🔘 Clearly show the difference between foundation funds and community funds.

🔘 Offer better visibility into how these funds are used.

The foundation plans to use these funds to:

🔘 Support development and adoption of the Ether.fi protocol.

🔘 Boost the broader Ethereum ecosystem by funding projects and communities. 🤝🤖

Don't worry, there's still plenty left! The Ether.fi DAO's original multisig wallet (0x7a6) still holds a significant amount of ETHFI - 575.4 million tokens (worth roughly $1.29 billion).

This is a positive step towards building trust and transparency within the Ether.fi community. We'll keep you posted on any further developments! DYOR! #altcoins