The DAO's dormant funds, valued at approximately $150 million, are being repurposed to bolster Ethereum's security ecosystem. Originally part of the 2016 DAO hack recovery, these funds will now be staked to generate yield for funding Ethereum security research and initiatives. The DAO Security Fund aims to support community-driven projects through decentralized funding mechanisms, while keeping claims open for eligible token holders.
Griff Green, a key figure in the original DAO recovery efforts, emphasized the need for improved security measures in the face of evolving threats. The fund will utilize staking rewards to finance security projects, with a focus on decentralized governance and professional key management. This initiative seeks to address ongoing vulnerabilities in the Ethereum network and ensure its role as a secure financial infrastructure.
DAO's $150M Security Fund Revived to Enhance Ethereum Security
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