Ethereum Foundation transfers 2,469 stETH to Argot in funding payout
The $4.34M transfer continues a five-year funding runway for Argot that runs through July 2027, with last year's tranche still being drawn down to cover operations.
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The $4.34M transfer continues a five-year funding runway for Argot that runs through July 2027, with last year's tranche still being drawn down to cover operations.
The grants target builders stranded by the stablecoin's wind-down, with HIP-1 and HIP-3 deployers, HyperEVM protocols, USDH:USDC bridges, and Native Markets all eligible if they migrate or shut down…
The new nonprofit surfaces as the Ethereum Foundation loses researchers and absorbs mounting public criticism, framing the next phase of Ethereum development outside its original steward.