TREE NEWS update: The endowment built from unclaimed 2016 DAO money has opened a second $1.8 million funding round for Ethereum security work. It is asking the companies that benefit from that work to help pay for it, in a year whose first half already set a record for the number of crypto hacks.
TheDAO Security Fund Opens $1.8M Round Two for Ethereum Security
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AI take
TheDAO's leftover funds becoming a recurring security endowment is a quiet institutionalization of the 2016 failure: the money now funds the defensive layer the ecosystem still lacks. The demand that beneficiaries help pay is the real signal — security is being reframed from volunteer public good to shared obligation on the firms that profit from it. Whether that co-funding model spreads beyond one endowment is the open question, especially after a record first half for hacks.
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