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The Funding Coordination team is thrilled to share a collaborative project with Keyring Network, which brings forth a novel methodology for impact funding within the Ethereum ecosystem.
Directly Support Privacy-Focused Developers
Keyring’s zkVerified permissioned vaults on the mainnet enable compliant and privacy-preserving access to DeFi lending markets. During the initial two months, all protocol fees generated from Keyring’s zkVerified vaults will be directed to the legal defense funds of Roman Storm and Alexey Pertsev, the Tornado Cash developers currently facing trial for releasing open-source code.
This innovative approach ensures that the early users of a vault directly contribute to the legal defense of developers focusing on privacy issues. By aligning the development of new financial instruments with the protection of their creators, Keyring highlights the power of community to foster resilience while propelling innovation.
This framework is significant. It maintains the economic efficiency of the foundational protocol while providing considerable resources for a targeted cause and duration. It avoids distorting participation incentives and remains fully aligned with market principles.
An Impact Funding Blueprint
Such initiatives are not feasible through conventional philanthropic models, but they are made possible by programmable decentralized protocols like Ethereum. To enhance this effort, community members can establish vault campaigns that direct rewards straight to the same legal defense funds—creating a transparent, on-chain flywheel of sustained support.
What most excites the Funding Coordination team is that this model represents more than just a singular initiative. It serves as an impactful funding blueprint that can expand throughout the larger ecosystem.
Together with Keyring, we will persist in examining how charitable contributions can organically arise from the same market mechanisms that dictate capital flows, fostering impact without dependence on external subsidies or one-off donations.
More information available here: https://developer-legal-defense-fund.keyring.network/
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