Q2 2025 Spending Summary
All Working Groups
Total Working Group spending for Q2 was $684k.
Ecosystem
The Ecosystem working group spent 193,666 USDC and 5 ETH in Q2.
Spending Across Initiatives
Events
The Ecosystem Working Group held the ENS Cannes event during ETH CC, where they had 7 presentations from ENS Labs, Service Providers, and notable ENS projects.
Services
Services include payments for discord moderation, newsletter curation, and DAO social media management on X and Farcaster.
Misc
The ecosystem team added ETH to the ENS Fairy wallet.
Grants
Various grants were distributed during Q2. Grant details can be seen here.
Meta-Governance
The Meta-Governance Working Group spent 217,000 USDC during Q2.
Spending Across Initiatives
Events
The Meta-Governance working group reimbursed travel expenses for Alex Netto.
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.
Grants
Three $20k grants were provided to teams who built user interfaces for voting in service provider program 2.
Public Goods
The Public Goods Working Group spent 264,495 USDC during Q2.
Spending Across Initiatives
Events
Funds went to the sponsorship of DAO Tokyo 2025 and expenses related to ETH CC in Cannes.
Grants
Public Goods initiated their Strategic Grants program during Q2, awarding grants to the Decentralization Research Center, Remix, and Fabric.
Governance Distributions
Ecosystem
The Ecosystem Working Group distributed 3,200 ENS tokens during Q2.
These tokens were allocated to Term 6 grant recipients.
Footnotes
- Numbers in sankey diagrams and pie chart are rounded to the nearest thousand
- While the price of USDC technically fluctuates, it is treated as $1 for the purposes of this report
- USD price conversions for ETH are made using end-of-day pricing sourced from CoinGecko