Ethereum Foundation unveils $1M audit subsidy program to boost crypto security and cut costs for builders
CoinDesk·4h ago·Positivity
What Happened
The Ethereum Foundation announced a $1 million Audit Subsidy Program to reduce costs for smart contract security audits. Partnering with firms like Nethermind, Chainlink Labs, and Areta, the program connects builders with over 20 audit firms. The initiative addresses high audit costs preventing many teams from conducting security reviews. Selected projects receive subsidies through Areta's platform. The foundation also introduced CROPS principles guiding ecosystem development.
Key Entities
Ethereum FoundationAudit Subsidy ProgramNethermindChainlink LabsAretaCROPS principles