Q4 2025 Spending Summary
Total Working Group spending for Q4 was $379k.
Ecosystem
The Ecosystem Working Group spent 53,505 USDC and 3.3 ETH in Q4.
Grants - $20,000
The Ecosystem working group funded two grants (summary) this quarter to projects building tools for the ENS ecosystem:
- ENSdata.net - $10,000 - Analytics and data platform for ENS
- ENSideas.com API - $10,000 - API infrastructure for ENS-related services
Events - $19,000
The working group supported ENS presence at Devconnect in Buenos Aires, covering event costs and merchandise:
- Devconnect Event + Merch - $19,000
Services - $10,000
Ongoing payments for Discord moderation, newsletter curation, and social media management:
- Discord Moderation - $4,900
- Newsletter - $3,000
- Social Media - $1,680
Hackathons - $5,000
The working group sponsored hackathon prizes at ETH Rome to support developer engagement in Europe:
- ETH Rome - $5,040
Misc - $10,000
ENS Fairy
- ENS Fairy Premium Name Registrations - $9,256
- ENS Fairy Bot Refill - $1,180
Meta-Governance
The Meta-Governance Working Group spent 175,092 USDC during Q4.
Compensation - $174,500
The Meta-Governance working group provides compensation to working group stewards, the secretary, and scribe as provisioned in the ENS DAO Steward Compensation forum post. Additionally, the working group funded
council work related to the OpenBox ICANN initiative and delegation analysis research:
- Steward Compensation - $121,500
- Secretary Compensation - $16,500
- OpenBox Council - $20,000 - Compensation for council members evaluating the ENS DAO investment (proposal) in OpenBox Inc for the 2026 ICANN gTLD round
- Scribe Compensation - $9,000
- Delegation Analysis - $7,500 - Contracted research and analysis called (ENS Distribution Monitor) around the effectiveness of increasing delegation in previous governance distributions.
Events
The working group paid for a dinner for consensus building among ENS delegates during Devconnect:
- Delegates Dinner - $592
Public Goods
The Public Goods Working Group spent 77,400 USDC and 19 ETH during Q4.
Grants - $86,000
The Public Goods working group continued distributing builder grants (info) to smaller teams through their builder grants platform, and funded ongoing ICANN engagement and policy advocacy research:
- Builder Grants - $78,000 - Distributed as 19 ETH to builders in the ENS ecosystem
- ICANN Research - $8,000 - Research supporting ENS positioning (discussion) for the 2026 ICANN gTLD application round
Services - $40,000
Payment for development work on the builder grants platform infrastructure:
- Builder Grants Platform Development - $40,000
Events - $15,000
Travel reimbursements for working group members attending key industry events:
- Devconnect - $8,000
- DAO Tokyo - $4,500
- ICANN Conference - $2,000
Governance Distributions
Ecosystem
The Ecosystem Working Group distributed 400 ENS tokens during Q4 to Term 6 grant recipients:
| Recipient | ENS |
|---|---|
| ENSdata.net | 200 |
| ENSideas.com | 200 |
Meta-Governance
The Meta-Governance Working Group distributed 600 ENS tokens during Q4 for council and research work:
| Recipient | ENS |
|---|---|
| OpenBox Council | 400 |
| Delegation Analysis | 200 |
Note: Differences between the Sankey diagrams and the figures listed above are due to rounding to the nearest thousand.