Abstract
This executable proposal implements the Governance Distribution Pilot Program approved in EP5.19. Following the community’s selection of the 30k ENS distribution option, this proposal authorizes the transfer of ENS tokens from the treasury to implement the program.
Specification
This proposal authorizes:
- The transfer of 30,000 ENS tokens from the DAO treasury to the Meta-governance working group’s main wallet (main.mg.wg.ens.eth) for distribution to eligible recipients
- The Meta-governance working group will then distribute these tokens through 2-year linear vesting contracts according to the allocation table below
This distribution follows the quadratic funding method, which is a progressive ratio where recipients receive ENS tokens proportional to the square root of their USDC/ETH contributions during January-September 2024. The complete distribution table is as follows:
Recipients
| From | To | SUM of Value | Squared Weight | % of total | ENS | % of value received |
|---|---|---|---|---|---|---|
| Ecosystem | ETHGlobal | $ 190,000.00 | 435.9 | 5.2% | 1,569.85 | 11.6% |
| wslyvh.eth | $ 50,004.00 | 223.6 | 2.7% | 805.35 | 22.5% | |
| Onthis | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% | |
| ipns.eth | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% | |
| Fluidkey | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% | |
| Blockscout | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% | |
| beaconchain.eth | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% | |
| 1w3.eth | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% | |
| Urbe Campus | $ 14,680.00 | 121.2 | 1.5% | 436.36 | 41.6% | |
| Discord Support | $ 13,000.00 | 114.0 | 1.4% | 410.63 | 44.2% | |
| generalmagic.eth | $ 11,563.43 | 107.5 | 1.3% | 387.28 | 46.9% | |
| Pugson | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% | |
| Juicebox | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% | |
| frolic.eth | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% | |
| Drips | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% | |
| Socket | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% | |
| ENS Fairy | $ 4,781.34 | 69.1 | 0.8% | 249.03 | 72.9% | |
| weird3.eth | $ 3,000.00 | 54.8 | 0.7% | 197.26 | 92.1% | |
| stephancill.eth | $ 2,367.89 | 48.7 | 0.6% | 175.25 | 103.6% | |
| Scope.sh | $ 2,367.89 | 48.7 | 0.6% | 175.25 | 103.6% | |
| Kiwi News | $ 2,367.89 | 48.7 | 0.6% | 175.25 | 103.6% | |
| aexek.eth | $ 1,750.00 | 41.8 | 0.5% | 150.66 | 120.5% | |
| Ecosystem Total | $ 490,882.44 | |||||
| Public Goods | Rotki | $ 53,973.38 | 232.3 | 2.8% | 836.70 | 21.7% |
| gashawk.eth | $ 40,000.00 | 200.0 | 2.4% | 720.29 | 25.2% | |
| buidlguidl.eth | $ 35,000.00 | 187.1 | 2.2% | 673.77 | 27.0% | |
| borderlessafrica.eth | $ 30,000.00 | 173.2 | 2.1% | 623.79 | 29.1% | |
| Revoke.Cash | $ 20,000.00 | 141.4 | 1.7% | 509.33 | 35.7% | |
| Firefly | $ 20,000.00 | 141.4 | 1.7% | 509.33 | 35.7% | |
| EIP-7212 | $ 20,000.00 | 141.4 | 1.7% | 509.33 | 35.7% | |
| ethdaily.eth | $ 14,797.60 | 121.6 | 1.5% | 438.10 | 41.4% | |
| Dappnode | $ 12,500.00 | 111.8 | 1.3% | 402.66 | 45.1% | |
| ETHDenver | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% | |
| pairwise.eth | $ 8,402.18 | 91.7 | 1.1% | 330.12 | 55.0% | |
| apoorv.eth | $ 7,021.88 | 83.8 | 1.0% | 301.79 | 60.2% | |
| leticiaferraz.eth | $ 6,949.32 | 83.4 | 1.0% | 300.23 | 60.5% | |
| Urbe Campus | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% | |
| Latin Hackathon | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% | |
| eth-mexico.eth | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% | |
| DAOstar | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% | |
| aynieducativo.eth | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% | |
| glodollar.eth | $ 3,762.22 | 61.3 | 0.7% | 220.90 | 82.2% | |
| modularcrypto.eth | $ 1,818.29 | 42.6 | 0.5% | 153.57 | 118.2% | |
| daveytea.eth | $ 1,818.29 | 42.6 | 0.5% | 153.57 | 118.2% | |
| UPE | $ 940.56 | 30.7 | 0.4% | 110.45 | 164.4% | |
| illuminated.eth | $ 940.56 | 30.7 | 0.4% | 110.45 | 164.4% | |
| dhive.eth | $ 940.56 | 30.7 | 0.4% | 110.45 | 164.4% | |
| bloomnetwork.eth | $ 940.56 | 30.7 | 0.4% | 110.45 | 164.4% | |
| pabl0cks.eth | $ 877.74 | 29.6 | 0.4% | 106.70 | 170.2% | |
| iviangita.eth | $ 877.74 | 29.6 | 0.4% | 106.70 | 170.2% | |
| easlabs.eth | $ 877.74 | 29.6 | 0.4% | 106.70 | 170.2% | |
| 2118.eth | $ 877.74 | 29.6 | 0.4% | 106.70 | 170.2% | |
| Public Goods Total | $ 318,316.31 | |||||
| Metagov | Karpatkey | $ 187,149.13 | 432.6 | 5.2% | 1,558.02 | 11.7% |
| daemon.eth | $ 27,000.00 | 164.3 | 2.0% | 591.78 | 30.7% | |
| Lemma | $ 9,998.67 | 100.0 | 1.2% | 360.12 | 50.4% | |
| Tally | $ 8,999.54 | 94.9 | 1.1% | 341.66 | 53.1% | |
| Event Support | $ 3,000.00 | 54.8 | 0.7% | 197.26 | 92.1% | |
| daveytea.eth | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% | |
| andrewpage.eth | $ 780.00 | 27.9 | 0.3% | 100.58 | 180.5% | |
| Metagov Total | $ 237,927.35 | |||||
| Immunefi Bounty | Immunefi | $ 102,000.00 | 319.4 | 3.8% | 1,150.22 | 15.8% |
| @UGWST_COM | $ 75,000.00 | 273.9 | 3.3% | 986.30 | 18.4% | |
| @navad | $ 7,500.00 | 86.6 | 1.0% | 311.90 | 58.2% | |
| @Sagamore | $ 6,000.00 | 77.5 | 0.9% | 278.97 | 65.1% | |
| @adhd | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% | |
| @solidityhaxor | $ 2,500.00 | 50.0 | 0.6% | 180.07 | 100.8% | |
| @haoce505 | $ 2,500.00 | 50.0 | 0.6% | 180.07 | 100.8% | |
| @h4nt3rx | $ 2,500.00 | 50.0 | 0.6% | 180.07 | 100.8% | |
| @austinoa012 | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% | |
| Immunefi Bounty Total | $ 204,000.00 | |||||
| ETH Global | TF Guo | $ 3,000.00 | 54.8 | 0.7% | 197.26 | 92.1% |
| Nikolas Lionis | $ 2,000.00 | 44.7 | 0.5% | 161.06 | 112.7% | |
| Arthur Sabirzyanov | $ 2,000.00 | 44.7 | 0.5% | 161.06 | 112.7% | |
| Stephan Wittig | $ 1,500.00 | 38.7 | 0.5% | 139.48 | 130.2% | |
| Rashmi Abbigeri | $ 1,500.00 | 38.7 | 0.5% | 139.48 | 130.2% | |
| Mehran Saliminia | $ 1,500.00 | 38.7 | 0.5% | 139.48 | 130.2% | |
| Mattis Deisen | $ 1,500.00 | 38.7 | 0.5% | 139.48 | 130.2% | |
| Ben Levy | $ 1,375.00 | 37.1 | 0.4% | 133.55 | 136.0% | |
| Aryeh Greenberg | $ 1,375.00 | 37.1 | 0.4% | 133.55 | 136.0% | |
| Shoma Shiga | $ 1,250.00 | 35.4 | 0.4% | 127.33 | 142.6% | |
| Rao Araki | $ 1,250.00 | 35.4 | 0.4% | 127.33 | 142.6% | |
| sudolabel | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% | |
| Simone Staffa | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% | |
| Paolo Rollo | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% | |
| Francesco Cirulli | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% | |
| Yong Feng Ng | $ 875.00 | 29.6 | 0.4% | 106.53 | 170.5% | |
| Yik Kai Ng | $ 875.00 | 29.6 | 0.4% | 106.53 | 170.5% | |
| Junyao Chan | $ 875.00 | 29.6 | 0.4% | 106.53 | 170.5% | |
| Jing Jie Ng | $ 875.00 | 29.6 | 0.4% | 106.53 | 170.5% | |
| Tom Chauveau | $ 750.00 | 27.4 | 0.3% | 98.63 | 184.1% | |
| Roman GASCOIN | $ 750.00 | 27.4 | 0.3% | 98.63 | 184.1% | |
| Coline SEGURET | $ 750.00 | 27.4 | 0.3% | 98.63 | 184.1% | |
| Wojciech Staniszewski | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Patrick Fuchs | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Pascal Rüger | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Luca Orbke | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Joanna Daniluk | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Eason Chai | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Bartłomiej Tarczyński | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Antoni Koszowski | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Andrzej Daniel | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% | |
| Yoshiki Takabayashi | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Shritesh Jamulkar | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Rohit Ramesh | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Nishen Kaushika Menerapitiyage Don | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Helen Femi Williams | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Francisco Cordero | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Danya Carolina Gómez Cantú | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Bianca Trovò | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Bernardo Vieira | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| Adaku Agwunobi | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% | |
| ETH Global Total | $ 35,000.00 | |||||
| Grand Total | $ 1,286,126.10 | 8329.9 | 100% | 30,000.00 |
- Value represents the total received of all transactions
- Squared Weight is simply the square root of that value, which is used as a weight
- % of total divided that by the total weight
- ENS multiplies that percentage to the total budget
- % of value received is a comparison of the value received in USDC with the value received in ENS, with ENS at $14
Transaction
{
"target": "0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72",
"value": 0,
"calldata": "0xa9059cbb00000000000000000000000091c32893216de3ea0a55abb9851f581d4503d39b00000000000000000000000000000000000000000000065a4da25d3016c00000"
}
Verification
- Target: ENS token contract (0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72)
- Recipient: main.mg.wg.ens.eth (0x91c32893216dE3eA0a55ABb9851f581d4503d39b)
- Amount: 30,000 ENS (30000000000000000000000 in wei)
- Function: transfer(address,uint256)
The Meta-governance working group will handle subsequent distributions to individual recipients through Hedgey vesting contracts following the approved allocation table.
The transaction will move the 30k $ENS to the main Meta-governance wallet. After the transaction completes, the Meta-governance working group will craft the Hedgey vesting contracts following the above allocation table.
—-
Changelog:
15-Nov: Edited the table to replace the one used in the Snapshot vote with the most recent table posted in the discussion thread here. The text of the Snapshot vote acknowledged that the specific distribution amounts were still being calculated.