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On July 5, according to on-chain analyst Yu Jin’s monitoring, 1 hour ago, the Ethereum Foundation funded Argot, an Ethereum non-profit development organization, with 2469 stETH, worth approximately $4.34 million.
Last July, the Ethereum Foundation also provided Argot with a 3-year operational funding grant, totaling 7000 ETH. After receiving the funds, Argot sold 4826.6 ETH at an average price of $3,194, obtaining 15.417 million USDC.
Today, Argot again received the Ethereum Foundation’s fourth-year funding, totaling 2469 stETH. In July next year, Argot will also receive the final fifth-year grant, again amounting to 2469 stETH. On-chain transactions show that the funds have been transferred to an Argot-related address.