Overview
- The Ethereum Foundation, which announced the initiative Tuesday, opened applications to all Ethereum mainnet teams through Areta Market.
- Selected projects can have up to 30% of audit fees covered, with the subsidy paid directly to approved security firms on the marketplace.
- Chainlink Labs and Nethermind will vet applicants, and an expert committee will select monthly cohorts for funding.
- More than 20 audit providers joined the roster, including Certora, BlockSec, Quantstamp, Hacken, Immunefi, Spearbit, Sherlock, Zellic, Cyfrin, and Dedaub.
- The effort falls under the Trillion Dollar Security push and ties to the CROPS principles, aiming to raise baseline security for builders who struggle to afford full audits.