Ethereum Foundation announces Q4 2022 funding of $4.37m

February 23, 2023 at 8:39 am

News

The Ethereum Foundation has released a list of their Q4 granters who provided funds for various courses, including Web3 support in Uruguay, community educational talks, workshops, and more.

Donations totaled $4.37m

Grants are a type of direct financing that is given out after a formal application, assessment, and advice from technical experts. These grants are not gifts or investments in stock.

The total donations, approximately $4,37 million, will be used for charitable and educational programs in various countries, including Vietnam, Japan, Hungary, Nepal, and other countries. The funds will be used on several research programs on the consensus layer, cryptography, and trustless proofs.

The Ethereum Foundation announced the grantees from Q4 2022. The funds are about $4.37m, including community and educational activities in Nepal, Hungary, Ukraine, Vietnam Japan and other places; many research projects on Consensus layer and Cryptography & zero knowledge proofs.
— Wu Blockchain (@WuBlockchain) February 23, 2023

ESP’s efforts are primarily focused on enabling developers and not end-users. Other allocations for the funds include general research, smart contract online courses, exploring the feasibility of minimal anti-collusion infrastructure (MACI) in multi-party computation (MPC), and research on ‘commitment’ against front-running attacks.

What’s ESP?

Ecosystem Support Program (ESP) is Ethereum Foundation’s community allocation division. ESP is a wave of awards that offers financial aid and other kinds of assistance to qualified projects and academic studies on ethereum (ETH) that aim to advance the network. The two types of ESP awards — small grants and project grants — are distinguished by their respective procedures and requirements.

ESP concentrates on research that improves Ethereum’s architecture and empowers future developers, such as building blocks, libraries, research, civic engagement, instructional resources, open standards, and infrastructure upgrades.

Eth DeFi TVL

In Q1 2022, the DeFi TVL was $89.5 billion. It represents a roughly 42% volume decline from $154.2 billion in Q4 2021, ahead of its 2023 roadmap.

The sharp decline in TVL is perhaps a reaction to a selloff that has affected the entire market as prices have fallen. People usually do this to liberate their assets, giving them more flexibility in volatile market situations.