ENS Reshapes Its Governance as Foundation Takes Administrative Control of $65M Endowment

ENS Reshapes Its Governance as Foundation Takes Administrative Control of $65M Endowment

ENS token holders executed the “Next Era of ENS DAO” proposal on August 11, giving the ENS Foundation expanded operational authority, according to the ENS governance forum and the project’s announcement. The vote received roughly 70% support and establishes the Foundation as a fully operational organization. The new structure places administrative control of an approximately $65 million Endowment with the Foundation, alongside responsibility for…

ENS Governance Votes To Formalize Foundation As Operating Body

BitcoinWorld ENS Governance Votes to Formalize Foundation as Operating Body The Ethereum Name Service (ENS) community has approved a governance proposal to transform the ENS Foundation into a formal operating organization, marking a significant shift from its previous DAO-led structure. The proposal passed with roughly 70% support, according to a report from The Block. What the Proposal Entails Under the approved plan, the ENS Foundation will b…

ENS tokenholders approve Foundation to speak for the protocol at ICANN

ENS token holders have ratified the “Next Era of ENS DAO” proposal and pushed the executable onchain, standing up the ENS Foundation as a working organization with a paid executive director, staff, and a board of five, ENS Labs said in an August 11 blog post.  The change gives ENS its first legal body able to sit in rooms where a DAO cannot. Also, the body will be handling the day-to-day operations while the token voters will continue to control…

ENS Tokenholders Hand Endowment Control to a Staffed Foundation

ENS tokenholders approved and executed a proposal that turns the ENS Foundation into a staffed organization with a full-time executive director and a five-seat board, and hands it onchain control of the DAO's endowment. The opposition centered on the keys. The executable swapped the sole owner of... Read the full story at The Defiant

ENS DAO Puts $65M Endowment Under Five-Seat Board in Major Governance Overhaul

ENS DAO just rewired itself. The project has turned its foundation into a full-time operating body, complete with a professional… Read the original on ENS DAO Puts $65M Endowment Under Five-Seat Board in Major Governance Overhaul. For more crypto news and analysis, visit TheCurrencyAnalytics.com.