UPDATED: August 29, 2025, 4:26PM EDT Quick Take The Ethereum Foundation is pausing its open grants programs, initially launched in 2018, as it rethinks its spending strategy amid “high volume of inbound applications.” In a recent treasury report, the organization said it hopes to cut its burn rate to about 5% per year. The Ethereum Foundation is pausing its open grants programs, initially launched in 2018. According to an announcement on Friday, the so-called Ecosystem Support Program awarded ov...