**TechFlame News** — According to on-chain analyst Yu Jin’s monitoring, one hour ago, the Ethereum Foundation granted 2,469 stETH (valued at approximately $4.34 million) to Argot, a non-profit development organization focused on Ethereum. In July last year, the Ethereum Foundation provided Argot with a three-year operational funding grant totaling 7,000 ETH. After receiving the funds, Argot sold 4,826.6 of those ETH at an average price of $3,194, converting them into 15.417 million USDC. Today, Argot has received its fourth-year funding from the Ethereum Foundation, amounting to 2,469 stETH. In July next year, Argot is expected to receive the final fifth-year grant, also consisting of 2,469 stETH. On-chain transactions show that the funds have already been transferred to an address associated with Argot.