Summary
The Ecosystem Stewards have allocated a $994k budget for H1 2024, with existing multisig balances covering expected expenses, eliminating the need for a DAO funding request at this time.
Budget Breakdown
| Category | USDC | ETH | Total ($) |
|---|---|---|---|
| Hackathons | 300k | 0.0 | 300k |
| Bug Bounty | 275k | 0.0 | 275k |
| Grants | 150k | 30.0 | 219k |
| Audit Support | 100k | 0.0 | 100k |
| Other | 100k | 0.0 | 100k |
| Total | 925k | 30 | $994k |
Hackathons
In 2024 we plan to participate in the following:
With other events to be added as needed.
Bug Bounty Program
The bug bounty program is transitioning to Immunefi pending final contract terms, expected by H1 2024. The Ecosystem Working Group will replenish Immunefi’s funds to $275k upon any payout.
Grants
The Ecosystem Working Group supports projects and builders contributing to the ENS ecosystem through grants. The vast majority of these grants are awarded retroactively, based on proof of work. An illustrative example of such funding can be found here. This budget line item also includes small grants distributed via ensgrants.xyz.
Audit Support
Open source ENS projects are enhanced by audits, primarily aimed at protocol-level improvements.
Other
Catch all category that includes IRL events, support mods, and archival content, such as the newsletter.
Balances as of January 28, 2024
| Multisigs | USDC | ETH | Total ($) |
|---|---|---|---|
| Main Ecosystem Wallet | 657.7k | 173.5 | 1.1m |
| Hackathon | 267.7k | 19.8 | 313.2k |
| IRL | 7.8k | 8.7 | 27.8k |
| Merch Store | 35.3k | 4.9 | 46.6k |
| Newsletter | 9.0k | 0.0 | 9k |
| Total | 977.6k | 206.9 | $1.5m |
Balance information can be found at https://enswallets.xyz/
1ETH = 2,300 USDC