Q1 2025 Spending Summary
All Working Groups
The USD equivalent of total Working Group spending for Q1 was $642k. USD price conversions for ETH are made using end-of-day pricing sourced from CoinGecko. The price of USDC is hard coded as $1. Numbers in diagrams are rounded to the nearest thousand.
Ecosystem
The Ecosystem working group spent 268,520 USDC during Q1.
Spending Across Initiatives
The diagram below depicts Ecosystem Working Group spending in detail.
Events
The Ecosystem Working Group engaged with the community at ETHDenver and co-hosted a social event with Linea.
Services
Services include payments for discord moderation, newsletter curation, and DAO social media management on X and Farcaster.
Hackathons
The sponsorship of ETH Global is for 2025 and covers the costs associated for five different events and hacker prizes.
Meta-Governance
The Meta-Governance Working Group spent 210,400 USDC during Q1.
Spending Across Initiatives
DAO Tooling
DAO Tooling consists of costs associated with tools needed for DAO functions such as automation, voting, coordination.
Events
Events includes costs associated with irl presence at ETHDenver.
Compensation
The Meta-Governance working group funds compensation to working group stewards, secretary, and scribe as provisioned in the ENS DAO Steward Compensation forum post.
.eth Price Research
The Meta-Governance Working Group engaged @danch.quixote for price research on .eth names.
Public Goods
The Public Goods Working Group spent 111,030 USDC and 14.9 ETH during Q1.
Spending Across Initiatives
The diagram below depicts Public Goods Working Group spending in detail.
Grants
Public Goods grants were distributed to Large Grants recipients for milestone completions. You can check out the projects, progress, and milestones on Questbook.
Additionally, ETH was allocated to the Builder Grants platform and matching funds were put up for a Giveth public goods quadratic funding round.
Bounty
A bounty was paid for a data exposure bug discovered on the builder grants platform.
Governance Distribution
Ecosystem
The Ecosystem Working Group distributed 250 ENS tokens during Q1.
This governance distribution was related to the the Term 5 grants closeout, where all term 5 grant recipients received ENS tokens for their contributions in 2024.
Meta-Governance
The Meta-Governance Working Group distributed 24,965 ENS tokens during Q1.
The Meta-Governance Working Group distributed 24,965 ENS tokens in Hedgey Vesting contracts to execute on the [EP 5.26] ENS Governance Distribution.
