The DAO’s Unclaimed ETH Becomes a $250M Ethereum Security Fund

Griff Green, co-founder at Gibbeth and the DAO Security Fund, discusses the launch of the DAO Security Fund, which aims to bolster crypto safety on Ethereum. The fund utilizes approximately $200 million in unclaimed assets from the original DAO to stake Ether and use the revenue to support Ethereum security initiatives. Green reflects on the DAO's history, including the infamous hack and the subsequent hard fork, noting that everyone involved ultimately benefited financially. He emphasizes the necessity of improving wallet UX and addressing systemic security issues to encourage wider adoption of crypto assets. The fund will focus on DAO-style distributions, supporting projects that enhance community decision-making and bottom-up funding for security initiatives, with a particular emphasis on Ethereum and L2s.