The DeFi Education Fund revealed the beneficiaries of its initial round of awards on August 30.

The four awards total $195,000 and are focused on educational activities, as stated in the organization’s name. The organization announced in a declaration:

“As the DEF ramps up its work, the materials and ideas produced by our initial grantees will be used in educational efforts in jurisdictions around the world to advance policymakers’ understanding of decentralized finance, its benefits, and their constituents’ interest in the technology.”

The biggest of the awards is $90,000 to Future Majority, a DC-based political strategy non-profit that will poll public impressions of cryptocurrency in key swing districts and New York City.

Diversity in Blockchain will be awarded $50,000 to create a series of animated films demonstrating the benefits of DeFi technology in the financial inclusion space. Mike Masnick, the creator of Techdirt and the Coppia Institute, will also receive $50,000 for study into the advantages of DeFi. Matt Bartlett, a fellow at the University of Auckland’s law department, will receive $5,500 to research Decentralized Autonomous Organizations (DAOs) and decentralized governance systems.

DeFi Education Fund (DEF) Dumped half of their donation of UNI tokens

The DEF chose these four recipients from a field of 18 candidates. Continuingly, the group will seek to examine new initiatives.

While the fund’s initial funding will be distributed over the next four to five years, Miller Whitehouse-Levine, the fund’s policy director, said of its early contributions, “We want to make sure that we are establishing a beachhead and a strong one at that.”

After a Uniswap decision that committed $20 million in UNI to the project, the DEF was deployed previously in the summer. The Uniswap community was outraged by the group’s decision to sell half of those funds for USDC.

“I think the fact that these passed with supermajorities doesn’t diminish the fact that opponents had legitimate points,” stated Whitehouse-Levine, refering to the project’s origins. “Controversy, dissent etc. are going to be healthy features of any features of decentralized governance.”

In previous months, several new policy advocacy and political fundraising projects supporting cryptocurrency have emerged in Washington DC. The debate in the Senate over bitcoin tax reporting wording in the infrastructure bill brought the attention of the whole sector to the political situation in Washington.


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