• Thu. Nov 7th, 2024

Protocol Guild Has Distributed $20M To Support Ethereum Development

Nov 7, 2024

Data from Dune shows that Protocol Guild has received $54 million worth of donations from ecosystem projects and individuals, with the funds valued at $92.2 million when donated. The project has received 8,202 individual donations from 782 unique donors.

The support has allowed Protocol Guild to disburse more than $20 million to developers in two years, with an additional $33.5 million currently subject to a four-year vesting schedule. Contributions are heavily weighted based on the amount of time a recipient has spent contributing to Ethereum.

Three-quarters of the distributed funds have been withdrawn by developers, with recipients receiving an average distribution of $111,174 each. Developers are set to receive a median distribution of $48,281 over the next 12 months and received $27,142 over the previous 12 months. The guild’s 181 members represent roughly 30 projects.

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[Source: TheDefiant]

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