Scroll provides an end-of-week update on recent developments

**Scroll prepares for EF Devconnect** with seven events across Buenos Aires from November 15-20. **Key Events Include:** - **Governance Day** (Nov 15): Panel on delegate accelerator and governance workshop - **Ecosystem Day** (Nov 16): Live demos from teams building on Scroll including @usxcapital, @ether_fi, and @chatterpay - **Exclusive DAO Day**: Private gathering for Scroll delegates and contributors **Additional Participation:** - Stable Summit (Nov 18-19): Stablecoin developments presentation - ZKONNECT: ZK technology deep dives with real-time proving panel - Privacy & Compliance Summit: Cash-level privacy discussion - **Ethereum Argentina Hackathon Sponsorship** (Nov 10-20) The events span governance, ecosystem building, technical development, and privacy topics. Registration links provided for each event through Luma and DeFiConnect platforms.

**First batch of community event grants approved** - but applications remain open for new proposals worldwide. **Grant Details:** - $200-$10k available per event - Funding meetups, hackathons, and community events globally - Application form has been updated **What's Funded:** - Events with 100+ people (conferences, workshops) - Meetups with 30+ attendees (local gatherings, demos) - Hackathons focused on building on Scroll - Educational and creative community projects **Requirements:** - Demonstrate community building experience - Present clear plans with KPIs - Get 50%+ attendees to try Scroll ecosystem apps - Document events with photos/videos/surveys Community Council reviews applications within 7 days. The program runs until December 19 with a 312,500 SCR budget. [Apply here](https://grantsapp.scroll.io/programs/969/apply) to fund your community event.

**Europe's dollar dependency problem is real.** The continent has relied heavily on repackaged USD stablecoins while native euro solutions lag behind. **Monerium's EURe offers a different approach:** - Native euro stablecoin with proper banking integration - Uses SEPA payment rails for seamless transfers - Operates under clear regulatory framework - Provides web3 IBANs for traditional banking compatibility **The numbers tell the story:** Global stablecoin market sits at $255B, but euro-backed tokens represent only $14B compared to $241B in USD stablecoins. **Key benefits of native euro stablecoins:** - Reduces reliance on US dollar infrastructure - Keeps European deposits within EU banking system - Maintains ECB's monetary policy influence - Enables faster, cheaper cross-border payments **Real-world integration** includes partnerships with Gnosis Pay and traditional banking systems, bridging the gap between crypto and conventional finance. Former ECB board member Lorenzo Bini Smaghi warns that staying on the sidelines means **accepting marginalization** in global finance. Europe needs to act decisively to maintain its financial sovereignty.

**Scroll extends content hackathon deadline to Nov 17th** The Scroll ecosystem content creation challenge gets an extra week, with **$4,000+ in prizes** still available across English, Spanish, and Portuguese tracks. **New addition:** - @ProjectMochaHQ (tokenized coffee trees) joins featured projects **Challenge tracks:** - Long-form threads about Scroll ecosystem - UGC videos showing product usage - Multi-language support with dedicated local nodes **Featured projects to cover:** - @ether_fi Cash - @usxcapital - @honeypop_app - @chatterpay - @ProjectMochaHQ Creators can submit written or video content demonstrating real-world usage of Scroll ecosystem products. [Submit here](https://luma.com/kgaa4abz) | [Details](https://x.com/Scroll_ZKP/status/1984277142033826154)

Scroll launches a **$500k Security Subsidy Program** to make professional security audits accessible to high-potential projects on their network. **The Problem:** - Most projects treat security as a one-time checkbox - 80% of audited projects still have critical bugs found in their first year - Comprehensive security costs over $100k annually - too expensive for early teams **How It Works:** - Service providers offer 25% discount - Scroll subsidizes up to 75% case-by-case - Covers traditional audits via Areta.io Market - Includes end-to-end security through Immunefi's Magnus platform - 6 months free Magnus access + AI security copilot **What's Included:** - Fuzzing tests and formal verification - Bug bounties and 24/7 monitoring - Real-time incident response - PR reviews before launch The program aims to help projects build trust faster and raise capital easier by ensuring **professional-grade security from day one**. [Apply here](https://grantsapp.scroll.io/programs/977/apply) | [Learn more](https://scroll.io/blog/security-subsidy-program)