Ethereum Pioneers Launch $220M DAO Security Fund, Says Unchained

Ethereum's early adopters are reinvigorating the DAO with a $220 million security fund aimed at enhancing safety and innovation in the ecosystem.

A new initiative led by early Ethereum enthusiasts is set to bolster the decentralized autonomous organization (DAO) landscape with a substantial $220 million security fund. According to a recent report by Unchained, this fund aims to enhance the security infrastructure of the Ethereum network.

In a strategic move, the project will allocate $13.5 million specifically for grants aimed at security, which will be distributed utilizing DAO-like frameworks. This method of distribution emphasizes community governance and participatory decision-making, which are hallmarks of the DAO model.