Ethereum Foundation Sends 2,469 stETH to Argot in Fourth Grant Installment

The Ethereum Foundation (EF) has transferred 2,469 stETH, valued at roughly $4.34 million, to Ethereum development group Argot as part of its ongoing five-year funding commitment, according to EmberCN.

The latest transfer marks the fourth annual installment under the agreement, which continues to provide structured financial support to the organization. The final payment of 2,469 stETH is expected to be disbursed in July 2027, completing the funding schedule.

In a related activity, Argot previously received a 7,000 ETH grant last year and later liquidated 4,826.6 ETH into approximately $15.42 million in USDC to fund its operational expenses.

Source: EmberCN