Hey @accessor.eth, you are interpreting the numbers correctly. However, the Endowment’s objective was always about diversifying ENS’ treasury and generating long-term and sustainable yield. Whether it’s enough to fully cover operational expenses—it’s a function of multiple exogenous variables e.g. market prices/volume/liquidity—which we don’t control.
There are also other factors to consider:
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The return of ~$20,000 per week is based on the current size of the Endowment, which is operating at 50% of its intended capacity, and set according to E.P. 3.4.
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The ongoing strategies were carefully selected to align with the long-term goals of the endowment and were validated by the ENS community through a vote. To be able to ultimately sustain the operational costs of ENS Labs, the full-sized Endowment (~$60M at current market prices) would need to be able to generate ~7% Gross APR, which cannot be attained in the current market conditions without incurring extra risk. Enlarging the Endowment could be a possibility to meet the goal, but that’s outside the scope of the current stage and should be left for future discussion.
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We are actively working on a new proposal to introduce additional strategies for approval by the DAO. These strategies were initially outlined in the proposal that led to the selection of karpatkey as the Endowment Manager, demonstrating consistent adherence to the original plan. The details of the new proposal will be shared on the forum shortly.