Key Insights
- Ethereum Foundation want to subsidize security audits for projects on Ethereum mainnet.
- It has launched a $1 million initiative in partnership with Areta, Nethermind, and Chainlink to give access to 20+ blockchain security firms
- Security has become a key priority on Ethereum, and the foundation is investing in it.
Ethereum Foundation, in partnership with several crypto firms, is launching the Ethereum Audit Subsidy program for builders on the network. The foundation announced the initiative today, stating that $1 million is being committed to the program.
The partners on the initiative include crypto advisory firm Areta Labs, blockchain infrastructure company Nethermind, and oracles provider Chainlink Labs.
The foundation said:
More than 20 Blockchain Security Firms to Provide Audit Services
According to the announcement, more than 20 blockchain security firms will be participating in the initiative. These include Cetrora, BlockSec, Immunefi, Quantstamp, Hacken Club, Lethal Spoons and others.
These firms, among the leading audit providers in the Ethereum ecosystem, will provide audit services to eligible projects at a subsidy. This will enable such projects to meet Ethereum security standards.
Only Ethereum mainnet projects focused on CROP will receive support. They must emphasize censorship resistance, open source, privacy, and security. The Foundation established CROP as the core principle of the Ethereum ecosystem about a month ago.
Areta CEO Fin Boothroyd noted that security is core to all these principles. That’s why the program was created to ensure such projects can defend themselves.
It is about ensuring all Ethereum projects receive professional security reviews. The reviews apply regardless of project size.
He said:
Projects that want to apply must fill out a form. An expert committee from the foundation, Nethermind, and Chainlink will then review the applications. Those selected get their subsidy automatically through Areta Market.
Ethereum Doubles Down on Security as ETH Maintains Positive Performance
Interestingly, the audit subsidy is part of the Ethereum Foundation Trillion Dollar Security Initiative. Announced in 2025, the initiative aims to improve Ethereum security as its institutional adoption grows.
This enables the network to serve as the foundational infrastructure of the Internet. It focuses on several aspects of Ethereum security, including wallet, user experience, smart contract, protocol security, and infrastructure.
Since announcing the initiative last year, the foundation has taken several steps. These include announcing the post-quantum roadmap to make the network quantum-resistant.
It also increased bug bounty rewards to $1 million for critical bugs that could have a devastating impact on the ecosystem. An improvement to faster, safer L2 deposits was also released.
Meanwhile, the improvements have had a positive impact on the Ethereum network, with activity near peak. Price has also improved as ETH is up 9% in the past 30 days while trading around $2,300.
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