Kpk H1 2025 Review for the ENS Endowment

[estmcmxci]

Continuing the discussion from MetaGov Working Group – 2025 Meetings: Tuesdays at 2pm UTC (Currently 10:00 am ET):

@cap

• Kpk is working on the revised IPS and will present it next week
• Questions arose about potential ETH price appreciation that would require selling and potentially buying it back.
• Discussion on alternative policies, such as a fixed amount of USD or a curve where percentage of stables decreases as ETH price increases.
• The discussion is about the IPS and community sentiment, including the willingness to take risks if ETH goes down

It’s worth noting that the IPS was developed under a different macroeconomic climate. The DAO should consider what it would like included if a second version of the IPS were to be developed to reflect current macro conditions (Q4 2025–2026).