Overview
- Organizers said the fund draws about 70,500 ETH from the DAO-era ExtraBalance contract plus roughly 4,600 ETH and DAO tokens from a curator multisig.
- Approximately 69,420 ETH will be staked to form a yield-bearing endowment expected to produce about $8 million per year at current parameters.
- Roughly $13.5 million is earmarked for near-term security grants to be allocated through quadratic funding, retroactive awards, and ranked-choice RFPs.
- Eligibility for each round will be set by the Ethereum Foundation, with operational support from Giveth and room for independent operators to run grants.
- The initiative, stylized as TheDAO, lists curators including Vitalik Buterin, Taylor Monahan, and Alex Van der Sande, and targets work across mainnet, L2s, smart contracts, and user safety as part of broader “Trillion Dollar Security” efforts.