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Reports ·
14 Oct 2026
Treasury report Q3 2026: where $6.1M went
Grants, audits and research, line by line, with the wallet addresses that paid them.
Tomás Ferreira
Treasury, council · 8 min read
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The foundation spent $6.1M between July and September 2026. Every payment below links to its transaction on the explorer, and the full spreadsheet is attached at the end.
Where the money went
Most of the quarter went to grants, as it should. Audits were the second line, because two large upgrades shipped in August.
Line
Amount
Share
Builder grants
$3,480,000
57%
Audits and security
$1,050,000
17%
Research fellowships
$760,000
12%
Academy and events
$470,000
8%
Operations
$340,000
6%
Grants by program
Round 6 paid its second tranches to 31 teams. Four teams missed a milestone; three moved their dates with us, and one stopped work, so its last tranche was not paid.
We would rather move a date than fund a deadline nobody believes in.
Amara Okafor, grants lead
What we did not spend
We budgeted $400,000 for a second explorer and spent nothing on it. Ledgerlight shipped the features we wanted on its own grant, so the line goes back to the treasury.
What changes next quarter
Round 7 opens with a $3.2M pool for payments and wallets.
The bridge audit vote ends on 3 December.
The annual report moves from February to January.
