On June 23, Giveth announced the wrap of the Ethereum Security Quadratic Funding Round — 638+ ETH raised, 134 projects funded, and a matching pool backed by @thedaofund that makes it the largest QF round in history.
The numbers alone are striking. But what matters is what they signal: the Ethereum ecosystem is finally putting serious capital behind its security layer. Not audits. Not insurance. The tools, dashboards, and infrastructure that make on-chain risk legible to the people who need to see it.
Where the Money Goes
134 projects across the Ethereum security stack — from smart contract monitoring to incident response infrastructure, from wallet security to governance defense. This isn't a single category. It's the full surface area of what security means on a programmable blockchain.
The round was hosted on Giveth and backed by The DAO Fund, using quadratic funding to let the community direct capital to the projects they trust most. This mechanism matters: it means the distribution reflects genuine community prioritization, not a foundation's grant committee.
The Risk Dashboard Layer
A significant portion of the funded projects belong to a category we track closely at Delta V: risk dashboards and transparency infrastructure. These are the tools that make on-chain risk legible without requiring a PhD in smart contract security.
Three stand out as essential infrastructure for anyone receiving or deploying capital from rounds like this:
DeFiScan
defiscan.info — Tracks protocol centralization risk across 1,193 contracts and 191 admin accounts, covering $70.12B in total value. DeFiScan monitors admin control, dependency chains, governance parameters, and code verifiability — all sourced from on-chain evidence, not team claims. For a QF round distributing 638+ ETH, this is the tool you use to verify that recipient projects don't have single-key admin risks or unaddressed centralization attack surfaces.
L2Beat
l2beat.com — The definitive source for L2 security maturity. Stage classifications, proof system analysis, data availability assumptions, and bridge risk assessments. Any project operating on or building for L2s needs to understand where their chain sits on the stage ladder. In a security-focused funding round, L2Beat is the benchmark for infrastructure trust.
AntiCapture
anticapture.com — A DAO governance security dashboard that monitors economic behavior, delegation patterns, and delegate activity. AntiCapture classifies DAOs into security stages and identifies integrity risks before they become attacks. For the 134 funded projects, many of which will operate as DAOs, this is the layer that makes governance legible — and governance attacks are consistently the most expensive exploits in Ethereum.
Delta V view: These three tools form the minimum viable risk stack for any team receiving or deploying security funding. DeFiScan for protocol-level centralization, L2Beat for infrastructure maturity, AntiCapture for governance integrity. Together they cover the attack surface that traditional audits miss.
What This Means for Security Teams
The Ethereum Security QF round is a forcing function. 638+ ETH just demonstrated that the ecosystem will fund security infrastructure at scale. The projects that received capital now have a responsibility to be transparent about their own risk posture — and the tools to measure it already exist.
For teams building in this space, the signal is clear: the market for security tooling is mature enough to support serious projects. The question is no longer “will anyone pay for security?” but “can you build something that earns their trust?”
Full project list and detailed breakdown of the 134 recipients will be published as the data becomes available from the Giveth API. This article will be updated accordingly.