Ethereum Foundation Offers $1 Million in Subsidies for Smart Contract Audits

The Ethereum Foundation has launched a $1 million subsidy program to help developers cover the costs of security audits for their smart contracts.

The initiative aims to reduce the financial burden on smaller development teams, which often cannot afford comprehensive security assessments that can cost tens of thousands of dollars.

The subsidy will cover up to 30% of audit expenses for eligible projects, and participating teams will gain access to a network of over 20 established security firms through an audit marketplace operated by Areta.

The program is open to projects deploying on Ethereum's mainnet, regardless of stage or size, and applications are evaluated by a committee that includes ecosystem contributors such as Areta, Nethermind, and Chainlink Labs.