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TheDAO Security Fund’s first round is out! We’re kicking things off with a broadly scoped Ethereum Security quadratic funding round on Giveth as the first move in our bottom-up distribution strategy. Why QF? Because we wanted the first round to do more than just allocate funds. QF is still one of the most powerful funding mechanisms Ethereum has produced. It gives the community a real voice, helps projects build awareness around their work, and creates extra upside for the Ethereum security space beyond the funding itself. That felt like the right energy for a first round. Not to mention, QF could also bring in meaningful donations on top of the pool. Extra funding for security is always good! Why keep the scope broad? There are so many projects out there building tools, standards, infrastructure, response systems, and protections that make Ethereum safer every single day, but this work is easy to miss if you’re not deep in it already. This round gives that work a chance to gain better adoption. We hope the many projects, tools, newsletters (and more) that join the round will become more widely known by everyone who participates, especially the ETHSecurity Badgeholders. This new awareness around what is already out there will, in itself, improve Ethereum security. Why Giveth? Because Giveth is already working closely on TheDAO Security Fund’s operations, including standing up the ETHSecurity Badges program, and going forward, they’ll also be working with all of our round operators. That made them the natural choice for running the first round. This first round is not just about getting funds out the door. It’s also about getting a real process in motion, learning from it, and making the next rounds better because of it. And on a practical level, Giveth is also the only Ethereum-focused team still actively running QF rounds at this scale. Read all about the round here 👇

TheDAO story continues. @griffgreen was at ETHDenver to give a concise walkthrough of how TheDAO’s “money glitch” came to fund Ethereum security. youtube.com/watch?v=4ZQrmXiN…

One word: Ethereum.

The future is built by those who show up when no one’s watching.

Today, we’re announcing the first allocation from TheDAO Security Fund. We’re supporting @_SEAL_Org and @SEAL_911 - teams that quietly do some of the most important security work in the Ethereum ecosystem. Their impact is significant, and they are among the most closely aligned not-for-profit organizations in the ecosystem. We are donating 69 ETH directly to SEAL and 133.7 ETH to SEAL 911 as well as setting up perpetual @Superfluid_HQ streams.