PANews reported on October 10th that the Ethereum Foundation's Funding Coordination Team and Keyring Network jointly launched a new funding mechanism to support privacy developers, according to an official blog post. The zkVerified permissioned vault deployed on the Keyring mainnet provides access to a compliant and privacy-preserving DeFi lending market. During the first two months, all protocol fees from the Keyring zkVerified vault will be donated to the legal defense fund of Roman Storm and Alexey Pertsev, two Tornado Cash developers currently on trial for releasing open-source code. The Ethereum Foundation stated that this model ensures that the vault's first users can directly support the legal defense of privacy-focused developers.PANews reported on October 10th that the Ethereum Foundation's Funding Coordination Team and Keyring Network jointly launched a new funding mechanism to support privacy developers, according to an official blog post. The zkVerified permissioned vault deployed on the Keyring mainnet provides access to a compliant and privacy-preserving DeFi lending market. During the first two months, all protocol fees from the Keyring zkVerified vault will be donated to the legal defense fund of Roman Storm and Alexey Pertsev, two Tornado Cash developers currently on trial for releasing open-source code. The Ethereum Foundation stated that this model ensures that the vault's first users can directly support the legal defense of privacy-focused developers.
Ethereum Foundation Launches New Funding Mechanism to Support Privacy Developers
PANews reported on October 10th that the Ethereum Foundation's Funding Coordination Team and Keyring Network jointly launched a new funding mechanism to support privacy developers, according to an official blog post. The zkVerified permissioned vault deployed on the Keyring mainnet provides access to a compliant and privacy-preserving DeFi lending market. During the first two months, all protocol fees from the Keyring zkVerified vault will be donated to the legal defense fund of Roman Storm and Alexey Pertsev, two Tornado Cash developers currently on trial for releasing open-source code. The Ethereum Foundation stated that this model ensures that the vault's first users can directly support the legal defense of privacy-focused developers.
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