Golem Foundation uses returns from 100K staked ETH to support GLM holders

Julian Zawistowski of the Golem Foundation said the foundation is using returns from 100,000 staked ETH to support GLM holders and the Ethereum ecosystem as the GLM token marks the 10th anniversary of its issuance. In a post on X, Zawistowski said the Golem project raised 820,000 ETH through a token sale on Nov. 11, 2016, issuing 1 billion GNT, now GLM. He added the foundation has been staking 100,000 ETH since 2023, with the resulting returns being used to support GLM holders participating in Octant and Ethereum public goods. The foundation plans to keep the assets over the long term as a funding source for GLM holders and the Ethereum ecosystem.