Kpk H1 2025 Review for the ENS Endowment

[gregskril]

Sharing for other readers, as I found myself wondering about fees when reading this post:

Looks like ENS DAO paid $373k in fees in the last 6 months. $1.549M gross revenue - $373K fees = $1.176M net revenue.

Since the start of the endowment in March 2023, gross revenue appears to be $6.409M with $1.491M paid in fees, resulting in $4.918M net revenue.

Refresher on the fee structure:

@santinomics.eth

• Management fee: 0.5% of the nAUM (non-custodial assets under management). This fee is calculated as follows: Management fee = Weekly portfolio balance (in US dollar terms at the time of the report) * 0.5% / 52, converted to ETH priced at the moment of issuing the report.
• Performance fee: 10% of the yield obtained during the previous week, converted to ETH priced at the moment of issuing the report.