Ethereum news: The DAO’s second act focuses on security with $150M endowment
The DAO Security Fund will use untouched ETH yield to fund Ethereum security initiatives and keep claims open indefinitely.Summary
Nearly a decade after the infamous 2016 hack that split the Ethereum chain, the untouched residual funds—now valued around $150 million in 75,000 ETH—are being repurposed as the DAO Security Fund. Led by original curator Griff Green, the fund will stake the dormant ETH and use the staking rewards to finance Ethereum security research, tooling, and rapid-response efforts through community-driven funding rounds like quadratic funding. This move aims to professionalize governance and key management, addressing current vulnerabilities in the ecosystem, which Green fears could compromise Ethereum's role as a future global financial backbone. The fund will honor claims for eligible token holders indefinitely while establishing a bottom-up mechanism for distributing capital, contrasting with more top-down grant processes.
(Source：CoinDesk)