🏛️📞 MetaGov Working Group – 2026 Meetings: Tuesdays at 9am ET

[cap]

@netto.eth

Agenda

Happy 2026 ! This session will be our Delegate All-Hands, which takes place during the first MetaGov Meeting of each month.
These meetings feature a curated agenda and a broader presence of delegates, focusing on deeper discussions, faster coordination, and more effective progress for ENS governance.

To make the discussion more productive, make sure to read the threads linked below.

1. Weekly Endowment Updates - @kpk + @Steakhouse
2. [Executable] ENS Stakeholder Analysis and Retro - @eugene
3. [Temp Check] Metagov Update: Working Group Operations During the ENS Retro - @Meta-Gov_Stewards
4. [RFC] Delegation Increase Incentives System - @zeugh.eth
5. Revenue Reports - @Limes
6. Holiday Awards Referral Program - @lightwalker.eth
7. Naming Season Updates - @conor
8. Open discussion

1. Weekly Endowment Updates - @kpk + @Steakhouse

• ENS Endowment Report v1.0
• Total endowment at $120M (mainly ETH and stables)
• ETH at 60% and stables at 39%
  
  
• Swapped $1.85M USDs for $2M USDC
• Rebalancing between stable and ETH; sold 867 Reth for USDC and USGS and supplied both into KPK USDC prime vault and compound USDS pool.
• Claimed MOFO and COM tokens and swapped them for USDC.
• Weekly commentary:
  
  
• KPK Morpho vaults Dune Dashboard: https://dune.com/kpk/kpk-morpho-vaults
• Finalizing the monthly report and 2025 look back for publishing

2. [Executable] ENS Stakeholder Analysis and Retro - @eugene

• Continuation to put up the official proposal.
• The research is organized into 3 phases:
  • Phase 1: Stakeholder analysis and pre-retro data collection
  • Phase 2: Retrospective assessment of spend
  • Phase 3: Synthesis, research, and presentation
• Milestone-based payouts, funds custodied by MetaGov.
• Methodology and processes discussed in the proposal (see more in the link above)
• Collaboration viewed as partnerships with ENS to set the tone for future governance trends.
• Hopeful that phase 1 and stakeholder analysis can align people around common North Stars (otherwise, it will be hard to move to Milestone 2)
• If there’s no reaction to the proposal and it barely passes, they might not want to proceed, as they want to feel like they are entering a partnership.

3. [Temp Check] Metagov Update: Working Group Operations During the ENS Retro - @Meta-Gov_Stewards

• Discussion on possible options and a path forward from the Temp Check above
  • Optino a) Continuing with the extension at the lowest cost (low budget).
  • Option b) Continuing with the full approval amount from October
• Option c) mentioned – WGs request a reduced budget until April, approved from October.
• The decision should be a discussion + collective decision vs. a MetGov decision.
• Public Goods WG needs to maintain builder grants.
• Ecosystem WG committed to ETHGlobal ($300k spend).
• Agreed to bring the topic for discussion, discuss, and run the vote.

4. [RFC] Delegation Increase Incentives System - @zeugh.eth

• Changes added to the incentive program for delegation based on community feedback.
• The idea is to reward delegates and holders delegating to active delegates
• The goal is to increase active voting power for safer governance and to make the DAO less dependent on the Security Council.
• Changes:
  • Delegate pool moved from proportional votes cast to vote power held monthly.
  • Delegator pool changed to time-weighted ENS balance over six months.
• Will be moved to Snapshot this week.
• See more details in the link in the title.

5. Revenue Reports - @Limes

• (next call)

6. Holiday Awards Referral Program - @lightwalker.eth

• (next call)

7. Naming Season Updates - @conor

• (next call)

8. Open discussion

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