ArbitrumDAO Approves rsETH Recovery Effort
ArbitrumDAO voted 90.96% in favor of routing 30,765.67 ETH frozen from the KelpDAO exploiter to the DeFi United recovery multisig.
ArbitrumDAO approved a temperature check vote to release 30,765.67 ETH frozen by the Arbitrum Security Council following the April 18 KelpDAO exploit. The vote passed on May 7 with 90.96% in favor and effectively no opposition.
The frozen ETH was seized from the exploiter on Arbitrum One on April 21 and moved to a protocol-controlled address pending a governance decision on its destination. This proposal routes those funds into the coordinated DeFi United recovery effort, a 3-of-4 multisig controlled by signers from Aave Labs, KelpDAO, EtherFi, and Certora.
The funds will be applied toward restoring rsETH's backing. The next steps involve a 3-day voting delay once the vote is submitted for onchain execution, a 14-day vote, an 8-day L2 waiting period, a 1-week L1 message finalization, and a final 3-day L1 waiting period before execution. In total, approximately 42 days remain before the transfer is fully executed.
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ESP Allocation Update Q1 2026
The Ethereum Foundation's Ecosystem Support Program distributed $9.8M to 57 projects spanning ZK, security, privacy, and developer tooling.
The Ethereum Foundation's Ecosystem Support Program (ESP) published its Q1 2026 funding allocation, distributing $9.8 million across 57 projects spanning protocol research, cryptography, zero-knowledge proofs, security, privacy, and developer tooling. The quarter reflected a continued emphasis on strengthening Ethereum's core infrastructure.
A significant portion of funding went toward zero-knowledge proof research and development, including formal verification of zkVM systems and optimizations to ZK trace construction. Security and cryptography also received sustained investment, with multiple grants targeting cryptanalysis of the Poseidon hash function used widely across ZK applications.
The Q1 allocation continues a pattern of EF infrastructure investment that includes the $1M Ethereum audit subsidy, the $1M Ethereum Security QF round, the ETH Rangers security program, and the Road To Devcon 8 Academic Program, all aligned with the EF's stated mandate to protect self-sovereign computation and enable coordination at scale.
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Ethereum Security QF Round Goes Live
A $1M quadratic funding round backs ~100 Ethereum and L2 security projects on Giveth, with a 500 ETH match from TheDAO Security Fund.
The $1 million Ethereum Security quadratic funding round is now live on Giveth, featuring about 100 projects improving Ethereum and L2 security. TheDAO Security Fund, which launched earlier this year to support Ethereum security, is allocating a 500 ETH matching pool. Quadratic funding amplifies donations made by Human Passport-verified users. The round is hosted on Giveth, marking the largest QF round on the platform to date.
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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.