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Quick grip:
- The Ethereum Foundation asks developers to help build the ETH2.0 ecosystem
- This will take the form of Community grants
- The deposit address on the ETH2.0 mainnet is active with phase 0 staking currently at 13.61%
In the middle of last week, the Ethereum Foundation announced that it was launching a community grant program geared towards building the ETH2.0 staking and validator ecosystem. The Ethereum Foundation went on to explain that there was still work to be done and the Ethereum developer community was an essential cog in the process.
The Ethereum Foundation is funding the creation of tools, documentation and resources to create a delightful stakeout and validation experience.
While the vibrant staker ecosystem has already made great strides in community resources for the public good, we are still in its infancy and there is still a lot of work to be done!
Everyone is invited to participate in the presentation of the proposals
The announcement went on to make it clear that submitting proposals was open to anyone, or teams, with a bright idea relating to any aspect of ETH2.0. Furthermore, ideas and projects at any stage of development were also welcomed. This includes those in the idea stage, proof of concept stage, those that are a work in progress and even projects that are nearly completed.
Phase 0 of ETH2.0 at 13.61%
At the time of writing, ETH2.0 phase 0 is at 13.61%. This is according to on-chain data courtesy of the CryptoQuant team which has a dedicated dashboard focused on monitoring the progress of the Ethereum upgrade. Below is one of the graphs showing the trend of Phase 0 derived from the amount of ETH sent to the deposit agreement.
Phase 0 of ETH2.0 requires deposits of 32 ETH by 16,384 validators. This means that a total of 524,288 ETH, or approximately 0.46% of Ethereum’s total outstanding supply, must be sent to the deposit agreement to activate Phase 0 on December 1st.
