The members of the staking service Lido Finance have allocated 2 million LDO to support Ethereum under the Protocol Guild. The framework supports autonomous mechanisms for recruiting, retaining and remunerating developers.
Protocol Guild is the epitome of a new approach to financing public goods, focusing on the development of L2.
According to the participants of the structure, alternative solutions in the form of grants and retroactive financing programs have significant limitations. They are not forward-looking and do not provide value to individual contributors because their design prioritizes project and team development.
The Protocol Guild was formed by over 100 members of the Ethereum Core protocol from 21 different teams and 9 organizations. Only 30% of them work for the Ethereum Foundation.
