VanEck to donate 10% of ETF profits to Ethereum (ETH) contributors
Thank you, Ethereum contributors, for nearly a decade of relentless building & ongoing stewardship of this common infrastructure.The Protocol Guild is a grassroots funding method for over 150 individuals who are critical to the upkeep of Ethereum's core protocol. It offers peer members reciprocal support as well as a method for the broader ecosystem to support protocol work.
Its members worked alongside the rest of the community to bring the recent Merge and Shanghai improvements to life. This comprised efforts in research, implementation, testing, coordination and other areas. Many"protocol guild" members are currently focused on EIP-4844 ; according to VanEck, this improvement will reduce the cost of Layer 2s and, perhaps, move Ethereum closer to greater accessibility.VanEck noted that communities like Lido Finance, Uniswap, Arbitrum and Optimism have given back to these core ETH developers in the past and that it is now its turn to pay back to this community of ETH contributors.In a Sept.
The global investment manager expresses hope for Ethereum's mainstream adoption in the future via the upcoming EFUT fund. The fund became effective on Sept. 29, 2023, according to VanEck; however, it is not available for trading yet. VanEck promises to offer additional updates regarding its progress.
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