Some major Ethereum members, including co-founder Vitalik Buterin, are reviving one of the network’s oldest and most symbolic chapters: The DAO.
Over 70,500 Ethereum According to Unchained, parts that have not been affected since the 2016 DAO hack, long considered Ethereum’s defining existential crisis, will be redeployed into the roughly $220 million Ethereum security program.
According to the report, $13.5 million will be allocated to secure grants distributed through DAO-style mechanisms, including secondary financing, retroactive public goods financing, ranked-select RFPs and other governance processes under the new entity The DAO Fund.
The remaining 69,420 ETH will be used for staking to donate to Ethereum security efforts. At current interest rates, the investment is expected to generate approximately $8 million per year.
The move marks a symbolic and practical return to DAO-based coordination nearly a decade after the original experiment divided the community and led to Ethereum’s historic hard fork.
“TheDAO is back,” the project wrote on X. “Ten years later, we are opening a new chapter”