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Ethereum Foundation grants fourth-year funding to Argot, amounting to 2,469 stETH worth $4.34 million.
Odaily Planet Daily News: According to on-chain analyst Yu Jin’s monitoring, one hour ago the Ethereum Foundation granted the 4th year of funding to the Ethereum nonprofit development organization Argot—2469 stETH, worth $4.34 million.
Last July, the Ethereum Foundation had provided Argot with a 3-year operating funding grant of 7000 ETH. After receiving it, Argot sold 4826.6 ETH at an average price of $3,194 and converted it into 154.17 million USDC. Next July, the Ethereum Foundation will also issue the final installment of the 5th year of funding to Argot, amounting to 2469 stETH.