Status Core Development Fund Update
The Status team is in the process of migrating our Core Development fund to a new multisig wallet as part of the continued development of Status, Status Network, and related projects in our ecosystem.
This announcement signals an internal transfer of the Status Core Development allocation to update security, foster development, and streamline funding flows for the ongoing development of Status while ensuring transparent onchain record-keeping.
The Status Core Development treasury was established in the Status whitepaper and comprises funds ring-fenced for the core team and contributors.
Applications of this fund will include supporting the deployment of a new L2 called Status Network, as well as providing grants and payments to both internal and external contributors.
Tokens within the Core Development wallet will only be used to support the development of Status and its ecosystem. Following a positive vote by the community to create the Status Network L2 rollup along with the SNT staking contracts, the team’s efforts also include fostering the development and growth of these projects.
- New Developments in Our Ecosystem - As we advance the development of our new L2 (Status Network), the funds support core developers in expanding the Status ecosystem.
- Efficient Funding Allocation - A dedicated, secure wallet keeps funding for Status core development, operational costs, and developer incentives, and other flows segregated and easy to audit.
- Transparency - Both the old and new addresses of the Core Development wallet will remain public on Etherscan.
Following its migration to an enhanced multisig wallet, the Status Core Development allocation will be used per its description in the Status white paper.
Among the projects currently being worked on by Status core contributors is the development and upcoming launch of the Status Network rollup, which is being built in partnership with Linea.
Applications of the Status Core Development fund will include:
- 1Core App Development – Continued development of the Status app and improvement of the client experience.
- 2Status Network Development – Funding core and external contributors as they develop and roll out the Status Network incentivised testnet (Q4 2025) and mainnet launch with SNT staking (Q1 2026).
- 3Grants and Contributor Payments – Core developer stipends, bounties, and external grant programmes.
On July 14th, 2025, we will create an onchain multisig transaction to migrate the full balance from:
- 🗂️ Old Dev Address:
0xf348717cfff01edc759a4e0cb198f6360975ee39
to
- 🆕 New Dev Wallet:
0x5b0be18ca1069a915bF86D72bdf1F2aF0d08c565
(The SNT will first be withdrawn to the main Status R&D address - 0xA646E29877d52B9e2De457ECa09C724fF16D0a2B - before a second transaction is created to transfer the SNT balance onward to the new Core Development wallet.)
Once completed, the transaction hash will be promptly shared via Discord and our Status community channels, as well as on our blog.
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