We've had another great month of onchain solidarity, and as always we've got the details right here. This edition also has an Artizen update, a shout-out to a writer who picked up our story, and news on a Gitcoin x Bread collab to build a crowdfunding app people can trust.

Up first, Distribution Cycle #26 🍞

$BREAD Distribution Cycle #26

1,999 $BREAD went out to our eight member projects, all generated by community funding. That's up from 1,427 last cycle, helped by a larger window to accumulate yield. A massive thank you to everyone who's been baking and voting.

We've had a lot of new folks joining since our webinar, so here's a special Breadfam welcome to you! You can get more involved with the community at the social links at the end of this email. Whether this is your first or 26th cycle with us, it always helps to go over how all of this works.

Baking $BREAD generates yield, and this yield is the engine behind our onchain solidarity. Every month, we share the yield among the 8 organisations that you see below.

50% is split equally among all 8 member projects. The remaining 50% is voted on by $BREAD holders. The more $BREAD you bake, the more yield you generate, and the bigger say you have in where it goes.

Symbiota Coop took the biggest share of the democratic vote this cycle, with TDF close behind. Here's how the distribution looks.

Thanks so much for voting, participating and baking. It really means a lot that you continue to show up 🧡

If you'd like to bake $BREAD and contribute to onchain solidarity, head over to the Solidarity Fund and get started with Cycle #27.

Artizen Update

Thank you, Isabel

Isabel D'Mello picked up our Artizen update in her Substack, Issy Trails, and turned it into a thoughtful piece on what happened and what we should carry forward. If you have no idea what this is about, we recommend reading our own announcement and Isabel's piece that fills in with more updates.

Isabel's article also touches on what a slower, more transparent successor could look like. Spoiler alert, we're in that conversation too, keep scrolling to check it out. Thanks for the shout-out, Isabel 🧡

Read Artizen has ceased operations on Issy Trails →

There's no real news on Artizen refunds just yet. We're hoping the money finds its way back to supporters within our community, and we'll keep you posted as soon as anything moves.

If you have stablecoins lying around, you can mobilise them right now towards the Bread Solidarity Fund by clicking the embed below.

If you have funds to spare, we'd also welcome donations, because we were most definitely relying on income generated through Artizen to support our operations. You can also donate on the new Giveth. Their fresh updates enable sign in with email or Google, and also donating to several projects in one checkout.

Gitcoin x Bread: crowdfunding people can trust

After Artizen shut down, Josh showcased Pastry, a prototype showing that nearly everything Artizen offered could run onchain on the Bread Cooperative stack. After animated conversations with our wider community, that idea has now grown. Kevin Owocki of Gitcoin has posted a temp check for a Gitcoin x Bread Cooperative collab: an Artizen-inspired crowdfunding app people can actually trust.

The matched funding, leaderboards, and fiat-friendly experience we enjoyed in Artizen will be a part of whatever comes next. The major difference is that the infrastructure this all sits on will be much, much more transparent.

• Matching would be onchain and visible before a round opens, funded only from yield that's already accrued

• Principal locked in a permanent fund

• No single person able to stop payouts

• Round rules written into the contracts

Josh has shared his thoughts. These are early days and ideas are flowing, your voice is really important here. What made Artizen work well for you? Where did you feel that it could be improved? Join the conversation here.

Make sure to check out our Discord, it's a thriving community of people who want to see tech augmenting the human experience. There are plenty of like-minded folks there, come say hi!

Solidarity forever 🍞

📊 Curious what solidarity funding has added up to so far? Our 2025 Impact Report is on our Linktree, and has the numbers. Download it today for free.

Bread Cooperative Official: X | Linktree

Representing a worker-owned Web3 while building the future we wish to see. Solidarity forever 🍞

https://linktr.ee

Follow Bread:

The recording of our webinar with the Democratic Tech Fund and the Free Knowledge Institute is up. Watch it by clicking the embed below 👇

Our own Gilberto Morishaw hosted, joined by Wouter Tebbens of the Free Knowledge Institute and our co-founder Josh Dávila. The question on the table: how do communities fund the tools they own and run, while big tech tightens its grip on everything else?

The Democratic Tech Fund

Wouter walked through DTF, a network of organisations and people pooling support for democratic tech, and its next big step: a crowdfunding platform built on Goteo, which Wouter says has pooled €25 million from 400,000 people. The platform launches on 29 October at MozFest in Barcelona with an open call for projects. They're looking for teams helping communities move off big tech and onto tools they control: community social spaces, cooperative cloud services, outreach and creative work. Most campaigns will sit between €5,000 and €50,000, and community funding stewards will pick which projects get backed. Joining is free at democratictech.fund.

A sneak peek from Bread

Josh showed what a Bread x DTF fund could look like, built on the same model as the Bread Solidarity Fund. You deposit, you keep your deposit, and the yield it earns is shared out every month: half split equally between projects, half by member vote. The demo runs in euros for DTF's mostly European community. The Solidarity Fund has distributed over $60,000 this way in two years.

The Q&A covered project budgets, open protocols, how DTF selects projects, and security. Chapters are in the video description if you want to skip around.

📊 Curious what solidarity funding has added up to so far? Our 2025 Impact Report has the numbers, and it's a free download. Click the image below to check it out.

Want to back this kind of work? Bake $BREAD at fund.bread.coop to vote on where the funding goes, and follow our channels at the footer of this email so you catch the next one.

Join us on our socials wherever you're active 👇

We're shocked, sad and disappointed to be writing this one. For those who didn't see the news yesterday, here's a quick summary.

• Artizen, a platform that Bread and our partners used to raise funds, ceased operations yesterday. The founder, René Pinnell, has suffered medical emergencies and has been forced to step away.

• This was unexpected, and Bread is owed significant amounts in funds raised on the platform.

• We have been informed that the matching funds will not come, and all contributions will be refunded to all who donated, minus the fees.

Why we got behind Artizen

Getting funding in crypto has been hard if you're not working on an exchange, a coin mixer or a prediction market. And the people with the greatest desire to support the public sphere are often the ones who aren't flush with disposable income to donate. The Solidarity Fund exists to make that middle ground work. So when a platform like Artizen came along with huge matching funds, a community of like-minded projects, and a very public, doxxed founder, it felt like an opportunity that doesn't come along often.

Many in the Bread team and wider network have met René in person and came away convinced he was doing this for the "right" reasons. He's an artist who wants to see art flourish. After a successful round, we, like many in our communities, rallied support around the platform.

What worries us

We believe people when they say they're unwell, and we trust that. But a lot of creators are owed a lot of money, and right now it's incredibly hard to actually speak to a human about any of it. All contact is now going through Venus, Artizen's AI agent.

We'll say it plainly. A platform holding other people's money with no system backup and no other people to talk to is, at best, shockingly bad opsec. At worst, it's exploiting the goodwill of a community that wants nothing more than to create a better world.

Where things stand

We'll be on Artizen's case following up the refunds the whole way through. If you've contributed, you need to make some noise to make sure you get your funds back.

Artizen's tweets are now protected, so if you were already following them, mention them, repost, screenshot and do whatever you need to bring more attention to this.

If it's too good to believe, it probably is

If you see returns that are too good to believe, it's probably too good to believe.

Artizen regularly offered matching funds worth many multiples of the deposit, along with several time-based milestones that could really stack up rewards.

That's why the Bread Solidarity Fund works the way it does:

• Lower yield, because it's pegged to the Sky Savings Rate, with no other external funding.

• A strong dollar peg from BREAD to xDAI, because xDAI is a battle-tested, over-collateralised stablecoin.

• A transparent treasury of onchain assets that anyone who's interested can check. There's no opaque "endowment fund."

• A track record of over two years distributing to real projects doing real work.

If you have stablecoins lying around, you can mobilise them right now towards the Bread Solidarity Fund at https://fund.bread.coop/

If you have funds to spare, we'd also welcome donations, because we were most definitely relying on income generated through Artizen to support our operations. You can donate here: https://giveth.io/project/bread-cooperative

We'll keep you posted on Artizen as this moves.

Solidarity forever 🍞

Our webinar with the Democratic Tech Fund and the Free Knowledge Institute is on tomorrow. This session will be part informational, part showcase, and you'll leave with plenty of ideas on how your community can fund their vision.

Like all our webinars, this is totally free and no technical background is needed to follow along.

Panelists

• Wouter from the Democratic Tech Fund/Free Knowledge Institute will share insight from his experience of building in the commons.

• Josh will present the all-new Democratic Tech Crowd Fund, launching on the 29th of October.

• Gilberto will moderate the session.

📅 Tuesday 29 September
⏰ 17:00–18:00 CET / 11:00–12:00 ET / 08:00–09:00 PT
📍 meet.coop

Click the embed below to register on Dandelion.

Solidarity Funding for Technology in the Commons

Tue 29th Sep 2026, 11am - 12pm EDT (UTC -04:00)

https://dandelion.events

You'll get the meeting link in your confirmation email.

See you tomorrow!

It's been a minute since we've all been in the same room. We're getting the community together again for a live session in exactly a week.

For over two years now, you've shown up every month to bake, vote and back member projects through the Solidarity Fund. You've helped prove that this model works, now you can see this idea spreading.

We're joining the Democratic Tech Fund and the Free Knowledge Institute for a webinar on how solidarity funding is being adopted by communities building open, democratic technology. The kind of tools people are calling for right now, as the relationship with big US Tech continues to shift.

Gilberto, Josh and Wouter Tebbens from the DTF will walk through how the model travels from Bread to a wider movement, and what it looks like when other communities pick it up and run with it. The session closes with a look ahead to the Democratic Tech Crowd Fund platform launching 29 October.

Solidarity Funding for Democratic Technology
📅 Tuesday 29 September, 17:00-18:00 CET
🎙 Gilberto Morishaw, Joshua Dávila (Bread Cooperative), Wouter Tebbens (Democratic Tech Fund / Free Knowledge Institute)
💻 meet.coop (open-source BigBlueButton, final link will be shared the day before the session)

Like all our webinars, this one's free to attend and we'd love to see you there. It's just an hour next Tuesday.

Click the embed below to get your ticket 👇

Solidarity Funding for Democratic Technology

Mon 28th Sep 2026, 11am - 12pm EDT (UTC -04:00)

https://dandelion.events

Solidarity forever 🍞

Twitter/X · Farcaster · Bluesky · LinkedIn · Discord · YouTube · GitHub

We've had another great month of onchain solidarity, and as always we've got the details right here. This edition also includes a look at what's coming up this fall for the Bread community.

Up first, Distribution Cycle #25 🍞

$BREAD Distribution Cycle #25

1,427 $BREAD went out to our eight member projects, all generated by community funding. Whether this is your first or 25th cycle with us, it always helps to go over how all of this works.

Baking $BREAD generates yield, and this yield is the engine behind our onchain solidarity. Every month, we share the yield among the 8 organisations that you see below.

50% is split equally among all 8 member projects. The remaining 50% is voted on by $BREAD holders. The more $BREAD you bake, the more yield you generate, and the bigger say you have in where it goes.

Here's how the distribution looks.

Thanks so much for voting, participating and baking. It really means a lot that you continue to show up 🧡

If you'd like to bake $BREAD and contribute to onchain solidarity, head over to the Solidarity Fund and get started with Cycle #26.

What's Coming Up

TDF Member Spotlight

Our latest Member Spotlight is live, and this time we're heading to Portugal. Traditional Dream Factory started as a degraded poultry farm and is now a 25-hectare regenerative village with over 5,000 trees planted and a restored water table. Read the full story of how TDF got here and what's next.

Member Spotlight: Traditional Dream Factory

Bread Cooperative

Sep 2, 2026

A degraded poultry farm turned regenerative ecovillage. How TDF tokenized land stewardship and put governance in the hands of the people showing up.

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Confluência at TDF — September 24–27

Traditional Dream Factory is hosting Confluência, a co-created gathering in Portugal's Alentejo region. The programme covers land stewardship, bioregional development, and post-capitalist organising. If you've been following TDF through our Member Spotlight series, this is a chance to experience it firsthand.

// touch grass — October 18–25

Our own Ron Turetzky is co-hosting // touch grass, a week-long residency for technologists and community builders on the TDF grounds. This is a great chance to spend a week with a deeply aligned community and reconnect with the physical world. TDF has a great remote work setup so you'll get the best of both worlds.

Make sure to check out our Discord, it's a thriving community of people who want to see tech augmenting the human experience. There are plenty of like-minded folks there, come say hi!

Solidarity forever 🍞

Traditional Dream Factory is a 25-hectare regenerative village in Abela, in Portugal's Alentejo region. It started in 2020 as a degraded poultry farm. Today it's a functioning ecovillage, a living laboratory for regenerative land stewardship, and a legal experiment in permanent commons ownership.

What Does Traditional Dream Factory Do?

TDF is the first village of OASA, a Swiss non-profit that transitions land from extractive ownership into perpetual commons. No individual holds title or equity. The land is held in trust, governed by the community under a framework Sam calls "Nature as Owner."

On the ground, that looks like cork-oak savanna. Roughly half the land is protected as a wild core, most of the rest given to productive agroforestry, and less than 5% built. Since 2020 the community has planted over 5,000 trees and built a water retention landscape harvesting more than a million litres of rainwater. The water table has risen from 20 metres below ground to just 3. During a six-month drought, the trees survived without a drop of borehole water.

The Token Model

TDF uses a simple access token: 1 $TDF equals one night's stay per year, forever. Tokens grant use rights and governance participation, never ownership. Two further tokens, $Presence and $Sweat, are soulbound and decaying. They trace time spent on the land and work contributed. In practice, that means they can't be bought or sold, and they fade over time, so governance weight goes to the people who are actively present and contributing, not the people holding the most capital.

The total supply is fixed at 18,600 tokens. Citizenship in the DAO requires holding at least 30. Over 300 token holders across 25+ countries have contributed more than €1.5M to date.

The Community at TDF

The population is a blend of farmers, software engineers, artists, mycologists, builders, and people who walked away from city careers looking for a different game. Around 60 active citizens shape governance through the DAO, while a seasonal volunteer programme brings new hands to the gardens, the kitchen, the mushroom farm, and the build sites each spring and fall.

Events run throughout the year, from workshops and residencies to the annual Citizen Gathering each September, where the community meets on the land to make its biggest decisions face to face.

The Infrastructure Side: Closer and OASA

TDF runs on Closer, an open source community operating system that grew out of the village's own needs: bookings, events, memberships, token governance, and ecological accounting, all on a community's own domain. Closer now powers a growing network of communities. OASA is opening a Village Fund this fall with matched funding for a first cohort of 10 villages that steward land under its seven regenerative principles.

What Does Your Vote Support?

TDF is currently closing a milestone campaign: transferring the village's buildings from the founder's name into the commons itself. The transfer happens at cost and completes the exit to community ownership. The round closes at the September Citizen Gathering.

Governance voting for the current distribution cycle is open now. Visit the Bread Solidarity Fund to cast your vote for Cycle #26.

What does the rest of 2026 have in store?

The big one is Confluência (September 24-27), a co-created gathering exploring TDF's role as a meeting point for the local and bioregional regenerative movement. The format is deliberately not a conference. There's no predetermined programme. Instead, participants shape the gathering around six themes: land stewardship, bioregional development, social activism, post-capitalist organising, local integration, and finance and resourcing. Sliding scale tickets make it accessible, and everyone shares practical responsibilities on the land. The name means "the meeting of rivers," and that's the idea: different streams of work coming together, each keeping their own identity while creating something larger.

Also this fall: // touch grass (October 18-25), a week-long gathering for technologists and community builders co-created by Bread's own Sara and Ron, hosted on the TDF grounds. Thirty participants, hands-on practice with community coordination tools, and a full week living inside the village rather than reading about it.

The annual Citizen Gathering in September, where the buildings transfer is set to close and the community ratifies its transition to distributed governance. And the OASA Village Fund's first cohort, launching with 10 villages deploying on Closer.

Check the full calendar at traditionaldreamfactory.com/events.

Get Involved

The easiest entry point is to visit: book a room, a cabin, or a camping spot and experience daily life on the land. Browse upcoming events here. Volunteers can apply for the fall season, and anyone can join the TDF Telegram community.

The cooperative oversaw wholesale changes in the last year, and we've put together an impact report showcasing our progress. There's a ton to update you on, from new-look branding, reshaped Discord, new member projects and new products. We also hit our 2-year BREAD distribution milestone!

Here are the numbers that matter:

• $50,000+ in yield distributed to member projects through 18 completed distribution cycles

• $500,000+ in total value locked in the Solidarity Fund

• 8 member projects receiving ongoing, democratically allocated funding

• Stacks MVP completed, with a pilot in Nigeria on the way

• 3 hackathon wins

This report was built for all who are interested in learning more about what's possible if we use the tools at our disposal. With these outcomes already achieved, we want to scale our impact deeper into NGO and builder spaces over the coming years.

Thank you for consistently showing up to support, vote and bake, month after month. The numbers you see in the report exist because of you.

You can download the report on our Linktree page by clicking on the highlighted text.

If you know an organization, funder, or grant programme that should see this, pass it along. The more people who understand what community-directed funding looks like in practice, the better.

Solidarity forever 🍞

GM Breadfam!

As of today it's been officially 2 years of $BREAD distribution. 24 months of onchain solidarity economics where YOU have been a central, pivotal factor of success.

This entire network is only made possible because of the $BREAD holders all over the world who have stood by us. Despite the challenges and market shocks, we've broadened our scope as an organisation and grown our numbers: all in pursuit of deploying technology to benefit the many.

2 years is a lifetime in crypto and we're not going anywhere. Here's to many more distribution cycles to come! For now, let's get into the deets on cycle #24.

Distribution Cycle #25

We marked our landmark 24th distribution with 1,495 $BREAD going to projects according to the wishes of our community.

The $BREAD Solidarity Fund enables the support of causes without giving away your money. The whole system operates on yield, similar to interest in a savings account.

Each month we distribute the yield to the 8 member projects which you can see below.

Half the yield gets split equally among all partners, and the other half gets voted on by $BREAD holders. The more $BREAD you hold, the more yield you generate, and the larger say you have in where it goes.

Here is the final distribution breakdown.

Head over to https://fund.bread.coop/ to see detailed breakdowns and to contribute to global onchain mutual aid.

Cycle #25 has already started! Onward to the third year of distribution! 🍞

Berlin Aftermovie

Our Berlin Blockchain Week 2026 aftermovie is live on YouTube! It covers our time at the Neocypherpunk Summit at Funkhaus, DappCon, the Web3 Summit with Yanis Varoufakis, and a community hangout at Tempelhofer Feld.

Watch it here

Artizen: Bread Fund for the Solidarity Economy

We're live on Artizen Season 7 with the Bread Fund for the Solidarity Economy, and right now there's a 4x match on every donation. That means every dollar you put in becomes five. We need just 7 donations to qualify for the match pool. The size doesn't matter, it's the number of supporters that counts.

Head to the page and click through the different donation amounts to see in real time how much each one moves the needle with the match applied.

If you've got a few dollars to spare, this is one of the highest-impact ways to support what we're building right now.

Support us here.

Hang out with us on Discord!

Want to stay closer to the action? Join the Breadfam on Discord, where the conversation never stops. https://discord.gg/wRRkvcs3K

Solidarity forever 🍞

Our Berlin aftermovie is live! Thank you to all who made the trip! You can watch the video on YouTube by clicking on the embed below.

If you missed the full write-up, we published a retrospective covering everything: the Bread Cooperative Zone at the Neocypherpunk Summit, Bread Stacks at DappCon, Josh's interview with Yanis Varoufakis at the Web3 Summit, and the community hangout at Tempelhofer Feld.

Bread Summer 2026 in Berlin

Bread Cooperative

Jul 14, 2026

Our week at Berlin Blockchain Week: interviewing Yanis Varoufakis, curating the Bread Cooperative Zone, and meeting the community in person.

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Thank you to everyone who came out. Seeing you in person is the best part of the whole thing.

Solidarity forever 🍞

Yes, Berlin Blockchain Week is a massive draw for us. But Berlin itself is a special place for all things that align with our values: a freer, open internet that is run and operated by regular people like us.

Here's how our week went.

Neocypherpunk Summit

We ran the Bread Cooperative Zone at Funkhaus, an iconic Berlin building that's an essential stop on your next visit to the city. It was built in the early 1950s as the headquarters for East Germany's state radio, designed by Bauhaus architect Franz Ehrlich.

Our curation was well attended, and for the second year running people came up to tell us our space was one of their favourites of the whole summit. We know that our narratives are atypical of the crypto space, and we embraced it since this is where people's sentiments currently are. One of these hot-button topics was a talk on the Pope's encyclical on AI, which was very well attended.

We used the occasion to share more about what we're building, and raised over 200 euros for a fundraiser supporting a family in Gaza.

DappCon

DappCon was a polished and well-organised event hosted by Gnosis, the chain on which we build our solidarity tools. Our booth was in a great part of the venue, giving us a great flow of visitors. Folks could just walk up and we'd tell them about Bread. Watching people's eyes light up when we explain how the Solidarity Fund works makes every foray out into the event circuit memorable, and this was no different.

In addition to learning about Bread, visitors to our setup got to enjoy a mini game. Inspired by bread-related German late-night TV, the game had participants guess the weight of a pretzel in order to win a prize.

Josh also ran a workshop on Bread Stacks, our savings circle tool, and showing it to people got a real conversation going. We received plenty of interest and some sharp questions about who it's for and how it holds up in practice. That's exactly the kind of feedback we came for, and and have already started implementing into the product. If you're interested in reading more, we've got a detailed at the embed below.

The Oldest Financial Tool You've Never Heard Of

Bread Cooperative

Mar 12, 2026

Savings circles have outlasted every banking institution. Here's why — and how Bread Cooperative is bringing them onchain with Bread Stacks.

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Web3 Summit

We returned to Funkhaus for round 2! Josh interviewed renowned Greek economist Yanis Varoufakis on stage and it was undoubtedly the highlight of the trip. And for Josh, a moment he'll remember forever. If you've heard of ideas such as technofeudalism, that's all thanks to Yanis Varoufakis.

Varoufakis gave the crypto space its due critiques but remains open-minded about its potential to empower. The conversation was mentioned on Euronews, which you can read right here.

The Bread Hangout

For some of us, it was the first time actually meeting our colleagues in person. Having jumped straight into the action with planned scheduling, we found the open final session a welcome break.

So we wound down activities on a warm day at Tempelhofer Feld, an old airport park with a community garden. We got drinks, food, music and enjoyed a great time with faces new and familiar well into the evening.

Reflections from the Bread Team

Touching grass with the people we talk to on Discord every day was surreal. The Bread team reflects the Breadfam in that we are based all over the world, united by the belief that technology can reflect our values.

Bringing together the people who make our community possible has been energising. As we march towards our landmark 24th $BREAD distribution, the chance to physically meet those who have supported us on every step of the journey clarified our sense of purpose. We got to discuss the upcoming public release of Bread Stacks, reflect on what makes the Solidarity Fund galvanise our community, and feel the human connection that we want tech to facilitate & amplify. Tech is often guilty of prioritising mechanisms before the outcomes, and Berlin enabled us to speak directly to the people for whom we are building.

It was an incredible week together that really flew by. Thank you again to everyone who spent part of their week with us. We'll see you in Berlin next year.

Solidarity forever 🍞

Our team spent an incredible few days together at Berlin Blockchain Week and the events around it. We've got a retrospective for you coming real soon, including thoughts from the team and insight from Josh's time on stage with the one & only Yanis Varoufakis.

In the meantime we've still got plenty to celebrate - another successful $BREAD distribution! Let's get right into cycle 23.

Distribution

Cycle #23 has wrapped, and the 1,640.64 $BREAD in yield that has accumulated over the last month has been distributed across the 8 member projects.

Half the yield is split equally between all participating members, and the other half gets voted on by $BREAD holders. Our full list of members can be found below.

For those who haven't checked out our newsletter in a while you might notice a newer name! TDF, or Traditional Dream Factory, is the newest member of the Bread Solidarity Fund. You can click the embed below to read the announcement, we have a deeper dive of their activities coming soon.

Traditional Dream Factory joins the Bread Solidarity Fund

Bread Cooperative

May 22, 2026

Traditional Dream Factory joins the Bread Solidarity Fund as our 8th member, a regenerative land project in Portugal reconnecting people with nature.

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And here's a final breakdown of the solidarity & democratic distributions for July!

And, as always, we've already kicked off the next cycle, onward to distribution #24! Head to fund.bread.coop to bake and vote.

If you're not already on the Bread Cooperative Discord, it's the best place to stay up to date with the community. Crypto can very much be a tool to improve society, and we've got a server full of folks working towards this goal.

Click here to join!

Neocypherpunk Summit, June 14, Funkhaus

The Neocypherpunk Summit gathers hacktivists, researchers, lawyers, whistleblowers and organisers around one idea: privacy and autonomy are stronger when they're practiced collectively, not alone. That's the same principle behind everything we build, so we're glad to be a partner this year.

We've got our own room at the summit, and we're curating content there and on the main stage. Privacy and autonomy hold up better when they're collective. The same goes for finance. Come find us and talk it through.

Entry is free. Details and registration here.

DappCon, June 16 to 17, Radialsystem

DappCon is hosted by Gnosis, the network on which we build. This is our home turf: an event for builders, focusing on real engineering.

It's also where we're making the first public announcement of Bread Stacks.

A Stack is a savings circle a group runs together. Everyone chips in the same amount each round, and members take turns claiming the pot. It's a model communities have used for generations (think susus, tandas, broodfonds, chit funds) now running transparently onchain with $BREAD. No loans, no credit, no bank taking a cut. The group sets the rules and votes on the decisions together.

Why would you need something like this? We've all got big expenses, and this is a time-tested method of community financing to meet these needs. Local savings circles are still used today to cover down payments, tuition, fund medical procedures, and help each other out during rainy days. Whatever your group is saving for, you do it together.

Have a look before the announcement at bread.coop/stacks. Tickets to DappCon are $250 or 10,000 Circles, available here.

We recorded a session explaining the concept, click the embed below to check it out.

Web3Summit, June 18 to 19, Funkhaus

Breadfam Josh is giving a talk at Web3Summit, on a lineup that includes Yanis Varoufakis. It's a festival for digital freedom from the people behind Polkadot, and a good place to hear where Bread fits into the bigger picture.

Tickets are 75 euros. More info here.

Bread Hangout, June 19, Tempelhof

We're closing the week out in the park. Food, drinks, light sports and music with the Breadfam and friends, from 4pm at Tempelhof. Bring any instrument you have with you. Everyone is welcome.

RSVP here.

See you in Berlin 🇩🇪

Solidarity forever 🍞

Another fantastic month of solidarity is behind us and we've got your roundup ready. Let's go!

A total of 1,843 $BREAD went to participating organisations in the Solidarity Fund. Every BREAD baked generates yield, and the more BREAD we have in circulation, the more yield there is to go around.

In case you missed our last announcement, you might notice something a little different in this next image.

A new name? Total number of organisations in the Solidarity Fund up to 8? Your eyes do not deceive you, please welcome our newest member, Traditional Dream Factory! We'll be publishing a spotlight on their activities soon, in the meantime you can check out our announcement article by clicking the preview below.

Traditional Dream Factory joins the Bread Solidarity Fund

Bread Cooperative

May 22, 2026

Traditional Dream Factory joins the Bread Solidarity Fund as our 8th member, a regenerative land project in Portugal reconnecting people with nature.

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And finally, we have the breakdown of the distribution. 50% of the yield every month gets split equally as part of our Solidarity share. The remaining 50% gets voted on as per the wishes of BREAD holders everywhere. You can participate too by heading over to https://fund.bread.coop/.

Meet Bread Cooperative Members In-Person this Summer

We've had a busy month with AFK meetings in May, with Breadfam showing up in Montenegro for the Shared Visions conference, and an intimate gathering in the Basque region of Spain.

And casting our attention towards mid-June, Berlin will be the place to visit! On the 14th of June we have the Neocypherpunk Summit, a celebration of open protocols, privacy tools and an accountable internet. You can get your ticket here.

Don't burn the midnight oil too hard though because we've got 2 days of talks and hangouts at Dappcon right after. You can purchase your tickets with xDAI, the stablecoin used in the Solidarity Fund to bake BREAD. These events will be our first truly public announcements of our upcoming product, Bread Stacks. You can see a demo that we previously created below.

And that's all for this edition of BREAD Updates. Let us know when you pick up your tickets for any of these events, and make sure to tell your friends!

See you in Berlin! 🇩🇪

Solidarity forever 🍞

Please welcome Traditional Dream Factory!

Traditional Dream Factory (TDF) is a regenerative project in the Alentejo region of Portugal. They're one part nature conservation and rewilding, one part regenerative agriculture and ecotourism, and one part rethinking our entire relationship with land and ownership. Founded by Samuel Delesque nearly 6 years ago, what started out as an abandoned chicken farm has turned into a way to reconnect with the natural world, away from the mayhem of city life.

They embrace an active approach to land regeneration, aiming for measurable improvements to soil and water quality alongside the biodiversity on their premises. TDF is the first of our member organisations to have their own token, aptly named $TDF. Like BREAD, it's a governance token. Holding it gives you a vote in how TDF is run, the same way baking BREAD gives you a say in the Solidarity Fund.

The token also reflects a stake in a real, physical place, with each $TDF granting you a night per year at the TDF premises in Portugal. There's a lot more to say about their organisation and token, and we'll get into it in a future article. If you don't want to wait, their docs lay it all out.

TDF's arrival brings the number of members in the Solidarity Fund to 8. And just like the organisations who have been with us on the journey so far, their presence pushes the ceiling of possibilities for what we can achieve.

For now, there are a few ways to show up:

• Head over to TDF to get to know them and what they are building. Don't forget to sign up to their newsletter, and follow them on Instagram, Twitter, and their blog to show your support.

• Visit the Bread Solidarity Fund to bake some BREAD and generate yield that supports TDF and every other member project.

• Share this update in your own network. It helps reach the people who need to hear it.

Solidarity forever 🍞

It's been another great month of spreading solidarity. Here are the updates from the most recent distribution cycle and some news from the Breadverse we think you should know about.

BREAD Distribution Cycle #21

1,594 $BREAD was distributed this cycle to our seven member projects. Whether this is your first cycle or your twenty-first, it's always worth going over how this works.

Baking $BREAD generates yield, and that yield is the engine behind our onchain solidarity.

Every cycle, we share it. Half is split equally among all seven member projects, so every project gets the same base amount regardless of the vote. The other half is voted on by $BREAD holders. Here are are member organisations, are there any you would like to learn more about? We've done features on Gardens and Crypto Commons Association, let us know who you would like an update on next.

The more $BREAD you bake, the more voting power you generate, and the bigger your say. Here's how the final numbers look.

If you're already baking, you're already generating voting power. Head to the governance page and make it count.

For the final up-to-date figures, check: https://fund.bread.coop/governance

Bread Cooperative Contributes to Privacy on Ethereum

Earlier this month we announced our contribution to Kohaku, the Ethereum Foundation's privacy wallet SDK led by Vitalik Buterin. Every standard Ethereum transaction is public by default. Kohaku is built to change that, and Bread contributed frontend development to make it happen.

Bread Cooperative Is Helping Build Privacy Into Ethereum's Foundation

Bread Cooperative

Apr 6, 2026

How Bread Cooperative contributed to Kohaku, the Ethereum Foundation's privacy-by-default open source wallet SDK led by Vitalik Buterin and Nicolas Consigny

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The Bread Cooperative team is made of seasoned developers and operators who thrive on open systems. We believe that solidarity has a natural place within tech systems, and would love to contribute to whatever your team might be building. Do send us a message at contact@bread.coop if you've got any ideas.

Bread Stacks Presentation by Josh at DappCon 2026 in Berlin

Breadfam Josh will be on stage at Dappcon in Berlin this June (16-17). His talk is centred on our newest product, Bread Stacks, our upcoming Savings Circles product.

Saving circles were developed independently across many cultures, using established community relationships to financial needs.

Josh's talk "Save Money like your Ancestors: Stacks and other Solidarity Tools" shows how we are embracing technology to adapt this tech principle to the rigours of modern life.

We presented Bread Stacks in a community call earlier this year, and you can see the video here.

There will be plenty of Breadfam in attendance, come say hi.

You can get your Dappcon tickets here.

Support Etherform on Giveth, Round Closes May 12

We built Etherform, an open-source set of GitHub Actions workflows for Foundry smart contract development. This saves teams from rebuilding the same security and testing pipelines from scratch on every project.

You can donate to support Etherform's development in our ongoing Giveth Quadratic Funding Round, live until May 12.

Quadratic Funding is a community-centric mechanism of supporting ideas. The number of supporters matters much more than the amount each supporter donates. You can read more about Etherform and the mechanism by clicking the embed below.

Open-source only works if we fund it. Here's your chance

Bread Cooperative

Apr 27, 2026

The Bread team built Etherform, an open-source CI/CD toolkit for Foundry. It's live in a QF round on Giveth until May 12. Here's why every donor counts.

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That's all for this set up of updates. Let us know if there's anything that you would like to see in future updates.

Till next time,

Solidarity forever 🍞

We're rallying the community to donate and support the building of these open tools.

Details For Developers

Github: https://github.com/BreadchainCoop/etherform

Etherform is an open-source security and DevSecOps toolkit of reusable GitHub Actions workflows for Foundry smart contract CI/CD. It's designed to help smart contract teams standardize and automate core development and deployment tasks through reusable workflows, so you're not rebuilding the same CI/CD setup in every repository.

It includes workflows for build and test pipelines, formatting checks, coverage, Halmos symbolic testing, testnet deployment, Blockscout verification, and upgrade safety validation.

A core part of Etherform is upgrade safety for proxy-based contracts using the OpenZeppelin upgrades-core CLI. This validates storage layout compatibility, initializer safety, and proxy semantics. The upgrade safety workflow compares contracts against the base branch or against an explicitly defined reference contract, catching breaking changes before they ship.

Alongside the individual workflows, Etherform includes an all-in-one pipeline that combines CI, upgrade validation, and testnet deployment into a single orchestrated workflow.

The goal throughout is to make Foundry-based smart contract CI/CD more reusable, configurable, and safety-oriented across teams and repositories.

If you like what you see here, please spread the word!

Round closes May 12. If you know anyone building on Ethereum or working with Foundry, send them the link: https://qf.giveth.io/project/etherform

How Open-Source Technology Gets Funded & Maintained

The Ethereum ecosystem runs on open-source tooling. The entire decentralized economy you use every day is freely available because people build it in the open and share it. That only keeps working if it's funded, and this mostly happens through donations.

Etherform is available to any team building on Ethereum, including the mission-aligned ones we want to see thrive. When tools like this go unfunded, they go unmaintained, and the whole ecosystem is worse off for it.

New Ways of Meeting Funding Requirements

This is where Quadratic Funding comes in. Etherform is currently live in the Ethereum Security QF Round on Giveth, which runs until May 12. You know how QF works. Breadth beats depth. The matching pool rewards projects by the number of unique donors, not total dollars raised, which means a wide base of small donors compounds into serious matching.

A $5 donation from you has more leverage here than a $500 donation from one person.

The whole point of the mechanism is to reward popular, community support. That's why we are asking you to get involved, because a little really does go a long way.

Round closes May 12. If you know anyone building on Ethereum or working with Foundry, send them the link: https://qf.giveth.io/project/etherform

Video: Bread Coop Community Call with Updraft

Our most recent community call featured Updraft and founder Adam Stallard, where he presented a way we can fund democratic ideas without grant committees. The Bread Coop Cafe Discord channel is home to many insightful presentations, and this one got into many aspects of how a lot of our frustrations in crypto can be improved. Community Calls happen almost every week on Wednesdays, keep an eye out for the next one.

Podcast: Is This The New Internet Podcast

You're Upset at Capitalism, Not Technology

Joshua Davila, The Blockchain Socialist, joins me on the newest episode of Is This The New Internet?

https://hellofrommarv.substack.com

Breadfam Josh & Marv chatted on Is This The New Internet podcast about a range of topics close to cryptoleftist passions. Contents include debanking, a history of democratic economies, in-depth explainers of Bread and how our frustration with AI is actually frustration with capitalism.

Full episode available wherever you get your podcasts, shorts are on YouTube.

Article: Why The Cooperative Movement Should Care About Crypto Still

Why the Cooperative Movement Should Care About Crypto Still | Platform Cooperativism Consortium

In August 2023, my book Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It came out through Repeater Books. The past couple of years have...

https://platform.coop

Josh wrote an article for Platform Cooperativism Consortium about the advantages of crypto that are often thrown out by the left because of how the tech/industry is perceived. It's a shared frustration for many in our space, and this is a helpful article to share with leftist friends who have dismissed crypto because of only having seen our worst actors.

Article: Socialist Co-Ops Against Silicon Valley Empires

Socialist Co-Ops Against Silicon Valley Empires

Co-ops are often dismissed as attempts to create islands of socialism. But building democratically controlled tech infrastructure can be part of a wider movement for working-class power.

https://jacobin.com

Stefano Tortorici and R. Trebor Scholz make a compelling case in Jacobin for why cooperatives need to stop pretending they're apolitical. The piece argues that without co-ops actively aligning with unions and social movements, Big Tech wins by default. It asks hard questions about what it actually takes to build counterpower in the AI era, and doesn't let the cooperative movement off the hook.

And so ends our first-ever Bread Co-op Media Update! This is an open space where we'll continue to share updates, drop any articles you would like to be considered for inclusion on the Discord.

Till next time,

Solidarity forever 🍞

Solidarity economics are core to our values at Bread, and this includes the ability to freely participate without the fear of having your identity revealed. Debanking and exclusion from traditional finance is a very real threat to many who operate online, especially in leftist spaces.

We are incredibly proud with the work done to contribute to onchain privacy, and grateful to be trusted by the Ethereum Foundation in building such an important tenet for the network going forward.

Josh | ⬛🟥⬛

@TBSocialist

Stoked to see our work on the Kohaku wallet being shown on the big stage at EthCC! It was a pleasure to work with the @ethereumfndn

If you're interested in working with us (@breadcoop), please reach out to contact@bread.coop

youtube.com/watch?v=yp2oW6…

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9:55 • 6 Apr 2026

The Problem: Every Move You Make Is Public

When you use a standard Ethereum wallet, everything you do is visible to anyone who looks. Every token you send, every payment you receive, every wallet balance. Transparency was necessary by design , and is central to how blockchains prove wallet balances. But it is also a serious problem for anyone who does not want their financial life on display.

Thanks to the way standard crypto wallets work, the privacy leaks go deeper than the ledger. Connecting and transacting exposes your IP address and network activity to centralised service providers sitting between you and the blockchain.

Previous attempts to fix this required users to jump through technical hoops just to achieve basic transaction privacy, and most people never bothered. The honest conclusion from years of trying is that privacy cannot be bolted onto a wallet as an afterthought. It requires a ground-up rebuild.

The Vision: Privacy That Just Works

Kohaku is the Ethereum Foundation's answer to this problem. Led by Vitalik Buterin and Foundation protocol coordinator Nicolas Consigny, it is an open-source SDK and reference wallet designed to make private-by-default transactions normal and accessible across the Ethereum ecosystem. You can check out the video below from November 2025 where Vitalik presented the idea.

The goal is that any wallet team can build on Kohaku's toolkit and ship privacy features without reinventing the wheel. Kohaku handles the hard parts: private sends and receives, per-app account isolation so one application cannot track your activity in another, P2P transaction broadcasting that bypasses centralized nodes, and network-level traffic masking to prevent IP leaks. It is designed to be integrated by all wallet players with minimal fuss.

The project sits inside a larger Ethereum Foundation initiative called the Privacy Cluster, a team of 47 engineers, researchers, and cryptographers dedicated to making privacy a built-in property of the network, not a feature you have to opt into.

Where Bread Comes In

The Kohaku team needed a React specialist. Someone who could get inside an unfamiliar codebase, understand what it was doing, and improve it without breaking what was already working. Our frontend developer has been doing exactly that.

In close to two months, here is what has been contributed:

• A new dashboard UI. The old wallet showed you one account at a time. You had to switch between accounts to see what was happening across your wallet. We built a consolidated view that shows your total balance and all account activity at once, public and private accounts together, on a single screen.

• Significant performance improvements. The privacy stack (the part of the wallet that shields transactions and manages the link between your public and private accounts) used to take around a minute to load. By splitting a large, tangled codebase into smaller, cleaner files and optimising how the code runs, we cut that to 20 to 30 seconds.

• A better dApp connection flow. When you connect a wallet to an application, the old Kohaku forced you to use an existing account, which defeats the purpose of having privacy tools. We changed this so that connecting to a dApp prompts you to create a fresh account on the spot, fund it immediately, and go. A clean address with no history attached, every time.

The Kohaku team reviewed the work and responded well. The partnership is continuing, with a new dashboard design in progress and conversations about expanding our scope on the project.

How the Privacy Actually Works

When you open a Kohaku wallet, you get two accounts automatically. One public account, visible to anyone, which works like any standard Ethereum wallet. The other is a private account, shielded from public view, is where the privacy lives.

The flow works in 2 parts.

1 - You start by sending funds from your public account into your private account. That move is the last traceable step.

2 - an create a brand new public account with no transaction history attached to it. When you send funds from the private account to that new address, there is no link anyone can follow back to you. The chain is broken.

This is built on two established privacy protocols:

• Railgun, which is already production-ready in the Kohaku toolkit

• Privacy Pools, which adds a compliance-friendly layer letting users prove their funds are legitimate without revealing their identity.

Our developer Blessing put it plainly: "I've always preferred it when nobody can trace a particular wallet to me. If I send funds to my private account, there is no way anybody can link that to my original address. Then if I send from the private account to a new public account, I've already broken that link for anybody to trace me." That is the design goal, and it is becoming real.

Financial privacy is not a niche technical concern. Nobody should have to expose their financial life just to participate in a new financial system. Kohaku is trying to change that for Ethereum, and we are glad to be part of it.

This is exactly the sort of work that Bread Cooperative specialises in. If your organisation is looking to build specialised blockchain tooling, we are on call to help. Email us at contact@bread.coop with any requests.

You can watch the full presentation by Nicolas Consigny at ETHCC below. Vitalik also called in, sit back and enjoy.

Welcome to all the new subscribers, especially those who attended our Beyond The Bank webinar where we got to showcase our new product Bread Stacks! If you would like to download the free guide that we shared after the event, head over to our Linktree.

Another month of onchain solidarity has been completed, and we've got all the details for you below. This edition also includes a brand-new video walkthrough, and a chance to share your own ideas through our community. Up first, Distribution Cycle #20 🍞

BREAD Distribution Cycle #20

Just over 2000 $BREAD going out to our member organisations, a resounding W for onchain solidarity. Prices might be down but the Bread community has continued to show up & support causes. Here are the member projects eligible for distribution.

Whether this is your first or 20th cycle with us, it always helps to go over how all of this works. Baking $BREAD generates yield, and this yield is the engine behind our onchain solidarity. Every month, we share the yield.

50% is split equally among all 7 members. The remaining 50% is voted on by $BREAD holders. The more BREAD you hold, the more yield you generate, and the larger say you have in where it goes. Here's how the distribution panned out.

And now a final look at the numbers. Thanks so much for voting, participating and baking. It really means a lot that you continue to show up 🧡

If you'd like to bake $BREAD and contribute to onchain solidarity, we've got a step-by step walkthrough here.

How To Participate in the Bread Solidarity Fund

Bread Cooperative

Jan 20, 2026

A beginner-friendly guide to Bread Cooperative's Solidarity Fund. Learn how to bridge, bake, and burn $BREAD to support onchain solidarity.

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And if you'd like to have Bread Co-founder Josh walk you through the process himself, you're in for a treat!

New Video: Walkthrough of the $BREAD Solidarity Fund on YouTube

This video is a great one to share with friends and naysayers who think that crypto is only good for speculation.

Call For Essays

We know that the cryptoleft sits at a tricky crossroads that requires nuance to communicate, and we want to hear from you. What are your experiences in the cryptoleft like? What was the journey that got you here, and where do you believe we can go, together?

In this spirit, we are opening up space for thinkers, builders, and activists to contribute to Bread's research agenda. It can be academic, it can be personal, but what we are looking for is a clear communication style.

The ideal essays will be between 500 and 800 words, and we will share the ones we really like within our community. Just like you're reading this section in our newsletter, it could be your own thoughts that are shared across the Breadverse. If your ideas open up some great thought trains, we would love to collaborate further.

Send your finished pieces to contact@bread.coop with the subject line "Essay Submission." We'll accept rolling submissions, but keep an eye out on the Discord announcements for any approaching newsletter deadlines.

And that's a wrap!

Cycle #21 has already begun, you know the drill, head on over to the Solidarity Fund to get baking and voting. The community on Discord is thriving, so head on over and connect with like-minded folks from all over the world.

Until next time!

Solidarity forever 🍞