1 week ago
The Funding Coordination squad is excited to denote a associated inaugural with Keyring Network that introduces a caller attack to interaction backing successful the Ethereum ecosystem.
Directly enactment privacy-focused developers
Keyring’s zkVerified permissioned vaults connected mainnet supply compliant and privacy-preserving entree to DeFi lending markets. For the archetypal 2 months, each protocol fees from Keyring’s zkVerified vaults volition spell to the ineligible defence funds of Roman Storm and Alexey Pertsev, the Tornado Cash developers presently connected proceedings for publishing open-source code.
This exemplary ensures that the archetypal users of a vault straight enactment the ineligible extortion of privacy-focused developers. By linking the maturation of caller fiscal tools with the extortion of the radical who physique them, Keyring demonstrates that communities tin fortify resilience portion driving innovation forward.
This plan matters. It preserves the economical ratio of the underlying protocol, portion unlocking meaningful resources for a circumstantial origin and play of time. It doesn’t distort information incentives, and remains wholly market-aligned.
An interaction backing blueprint
This is simply not imaginable with accepted philanthropic publication models, but it is thing that is uniquely enabled by programmable decentralized protocols similar Ethereum. To amplify this effort, assemblage members tin besides make vault campaigns that way rewards straight to the aforesaid ineligible defence funds — feeding a transparent, on-chain flywheel of ongoing support.
What excites the Funding Coordination squad the astir is that this exemplary is not a one-time initiative. It is an interaction backing blueprint that tin standard crossed the broader ecosystem.
With Keyring we volition proceed to research however charitable giving tin look from wrong the aforesaid marketplace mechanisms that govern superior flows, creating interaction without relying connected outer subsidies oregon one-off donations.
More details here: https://developer-legal-defense-fund.keyring.network/
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