2025 1H Budget: ENS Ecosystem Working Group

Summary

The Ecosystem Stewards have allocated $832k for H1 2025. Current multisig balances cover expected expenditures.


Budget Breakdown

Category USDC ETH Total ($)
Hackathons 300k - 300k
Grants 200k 10 232k
Bug Bounty 100k - 100k
Audit Support 100k - 100k
Other 100k - 100k
Total 800k 10 832k

Hackathons

In 2025, we plan to participate in the following hackathons:

  • ETHGlobal Taipei – April
  • ETHGlobal Cannes – July
  • ETHGlobal New York – August
  • ETHGlobal New Delhi – September
  • ETHGlobal Devconnect – November

Hackathon costs cover sponsorships and prizes. For major partners like ETHGlobal, fees are prepaid annually, resulting in most hackathon spending occurring in the first half of the year.

Bug Bounty Program

The bug bounty program moved to Immunefi in 2024. The Ecosystem Working Group will replenish Immunefi’s funds up to $250k as needed.

Grants

Grants are divided into three categories:

  • Direct Builder Grants: Support for developers based on retroactive value delivered.
  • Gitcoin: Funding to support the matching pool.
  • Drips for Key Libraries: Ongoing support for essential libraries.

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 the newsletter.

Balances as of January 28, 2025

Multisigs USDC ETH Total ($)
Main Ecosystem Wallet 705k 36.5 820k
Hackathon 10k 9.8 41k
IRL 64k - 64k
Newsletter 15k - 15k
Total 794k 46.3 $940k

Balance information can be found at https://enswallets.xyz/


1ETH = 3,150 USDC

3 Likes

Can you elaborate on hackathon in Cannes please? Did we ever conduct hackathons in there?

How did we come up with idea to run hackathon in Cannes in the first place?

I would think that hackathon in New York would attract a diverse crowd of developers, but in Cannes? Not exactly known to be a β€œtech / IT center”, more of glamour, fun and champagne center.

This year, EthCC is in Cannes. ETHGlobal often hosts hackathons around major conferences, which is the rationale for choosing Cannes.