Ethereum OGs Launch $220M DAO Security Fund to Revive Decentralized Governance

Original Ethereum pioneers, known as OGs, are spearheading a major initiative to revive The DAO concept by establishing a substantial $220 million security fund. According to a report by Unchained, this fund is designed to bolster confidence and provide a safety net for decentralized autonomous organizations (DAOs) operating on the Ethereum network. The move addresses historical security concerns that have plagued DAOs, aiming to mitigate risks like smart contract exploits and governance attacks. By allocating significant capital specifically for insurance and security measures, the Ethereum community seeks to foster a more robust and secure environment for decentralized governance and treasury management. This development signals a mature, institutional-grade approach to securing collective assets and could accelerate mainstream DAO adoption.