The total balance table shows how much has been allocated to each pod/initiative based on the sum of this funding request and funds carried over from last term.
The requested funds table shows specifically where the requested funds will be allocated.
Any funds that are not spent from this total will be carried over to next term.
The idea is that the ENS Fairy pod will use that ETH to purchase names on temporary premium that could have a meaningful impact on the adoption of ENS. Any ETH spent on premium names will then go back into the controller.ens.eth wallet. It is circular in nature and allows the ENS Fairy initiative to compete with speculators.