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Ethereum OGs revive the DAO with $220 millio
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Ethereum OGs revive the DAO with $220 millio
Ethereum OGs revive the DAO with $220 million security fund, Unchained reports
5 min read
Ethereum OGs revive the DAO with $220 million security fund, Unchained reports
According to the report, $13.5 million will be allocated to security grants distributed through DAO-style mechanisms
By Margaux Nijkerk, AI Boost|Edited by Sheldon Reback
Updated Jan 29, 2026, 4:27 p.m. Published Jan 29, 2026, 4:21 p.m.
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What to know:
- Some key Ethereum members, including Ethereum co-founder Vitalik Buterin, are reviving one of the network’s oldest and most symbolic chapters: The DAO.
- According to the announcement, $13.5 million will be allocated to security grants distributed through DAO-style mechanisms.
Some key Ethereum members, including co-founder Vitalik Buterin, are reviving one of the network’s oldest and most symbolic chapters: The DAO.
More than 70,500 ether ETH$2,808.55 that have sat untouched since the 2016 DAO hack — long considered Ethereum’s defining existential crisis — will be redeployed into a roughly $220 million Ethereum security initiative, Unchained reported.
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According to the report, $13.5 million will be allocated to security grants distributed through DAO-style mechanisms including quadratic funding, retroactive public goods funding, ranked-choice RFPs and other governance processes under a new entity, The DAO Fund.
The remaining 69,420 ETH will be staked to generate an endowment for Ethereum security efforts. The investment is expected to yield roughly $8 million annually at current rates.
The move marks a symbolic and practical return to DAO-based coordination nearly a decade after the original experiment fractured the community and led to Ethereum’s historic hard fork.
“TheDAO is back,” the project wrote on X. “A decade later, we’re opening a new chapter”
Ethereum FoundationEthereum NewsDAOs
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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