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Ethereum’s most infamous experiment is back. Not as a venture fund, but as something the ecosystem arguably needs more: a permanent security budget.
On Jan. 29, a group of Ethereum veterans announced plans to convert roughly 75,000 ETH in decade-old recovery funds into a staked endowment whose yield will finance smart contract security work across Ethereum and its layer-2 ecosystem.
The capital comes from “edge case” funds left over from the 2016 hard fork that rescued TheDAO from collapse. Those are…
