The Ethereum Foundation launches a new program to fund privacy developers

ChainCatcher news, according to the official announcement, the Ethereum Foundation's funding coordination team has jointly launched a new funding mechanism with Keyring Network to support privacy developers.

The zkVerified treasury deployed on the Keyring mainnet provides access to a compliant and privacy-preserving DeFi lending market. In the first two months, all protocol fees from the Keyring zkVerified treasury will be donated entirely to the legal defense fund of Roman Storm and Alexey Pertsev. These two Tornado Cash developers are currently on trial for releasing open-source code.

The Ethereum Foundation stated that this model ensures that the first users of the treasury can directly support the legal protection of privacy-focused developers.