Q3 2025 Spending Summary
All Working Groups
Total Working Group spending for Q3 was $627k.
Ecosystem
The Ecosystem working group spent 112,893 USDC and 3 ETH in Q3.
Spending Across Initiatives
Grants
Various grants were distributed during Q2. Grant details can be seen here.
Events
The Ecosystem Working Group paid expenses related to the ENS Cannes event, where they had 7 presentations from ENS Labs, Service Providers, and notable ENS projects.
Additionally, the upcoming event during Devconnect was paid for during Q3.
Services
Services include payments for discord moderation, newsletter curation, and DAO social media management on X and Farcaster.
Hackathons
Ecosystem paid for the sponsorship of the ETH Accra and ETH Rome hackathons.
Meta-Governance
The Meta-Governance Working Group spent 207,000 USDC during Q3.
Spending Across Initiatives
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.
Grants
A 60k USDC grant was awarded to @lighthousegov to establish a governance record standard using ENS.
Public Goods
The Public Goods Working Group spent 207,678 USDC and 10 ETH during Q3.
Spending Across Initiatives
Grants
During the quarter, Public Goods issued grants to Vyper, Argot, and have conducted ongoing ICANN Engagement and Policy advocacy.
Additionally, Public Goods funds smaller teams through their builder grants platform.
Governance Distributions
Ecosystem
The Ecosystem Working Group distributed 900 ENS tokens during Q3.
These tokens were allocated to Term 6 grant recipients.
Meta-Governance
The Meta-Governance Working Group distributed 21,637 ENS tokens during Q3.
These tokens were deployed into Hedgey vesting contracts according to the parameters stated in EP5.18 ENS DAO Steward Compensation Structure.
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.
- A transaction to send 61k USDC to zkEMail was executed for Service Provider stream backpay as there wasn’t enough USDC in the stream pod to cover it. This is classified as an informal loan to the DAO rather than an expense and therefor is not included in the spending report.