Ethereum OGs Revive The DAO with $220M Security Fund, $13.5M for Grants
Ethereum veterans have relaunched The DAO alongside a $220 million security fund, according to an Unchained report. Of that pool, $13.5 million is earmarked for security grants that will be allocated through DAO-style governance, signaling a return to community-led funding for audits, bug bounties and defensive tooling.
The revival matters because it pairs sizable capital with decentralized decision-making at a time when smart-contract exploits remain a top risk for the ecosystem. By channeling funds into vetted security work via on-chain governance, the initiative could boost developer confidence, speed up remediation of vulnerabilities and set a precedent for how large funds underwrite protocol safety. Watch for initial grant proposals and governance procedures to gauge how quickly the program translates into concrete protections for ETH projects.