Ethereum Foundation Launches New Funding Mechanism to Support Privacy Developers

Huoxun Finance reported on October 10th that the Ethereum Foundation's Funding Coordination Team and Keyring Network have jointly launched a new funding mechanism to support privacy developers. The zkVerified permissioned vault deployed on the Keyring mainnet provides access to a compliant and privacy-preserving DeFi lending market. For 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 TornadoCash developers currently on trial for releasing open source code. The Ethereum Foundation stated that this model ensures that the vault's initial users can directly support the legal defense of privacy-focused developers.