☎️ MetaGov Working Group – Weekly Meeting: Tuesdays at 2pm UTC (Currently 9:00 am ET)

5pence.eth · February 5, 2024, 1:40pm

Agenda and Minutes for MetaGov Meeting, February 6th, 2024

Details

Time: Tuesdays at 9:00 am ET (2pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe

Stewards: @5pence.eth (ENS & Twitter) | @avsa.eth (ENS & Twitter) | @estmcmxci.eth (ENS & Twitter)

Agenda

General DAO Updates
a. Service Provider Program
b. Budget for Term 5 Q1/Q2 is posted
Weekly Endowment Updates (@karpatkey + @Steakhouse )
Demo from Hedgey - Token Vesting Contracts + Delegation
Update on Bylaws RFP
Open Discussion

don.nie · February 6, 2024, 3:19pm

Agenda and Minutes for Meta-Gov Meeting, February 6th, 2023

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter)

Agenda

General DAO Updates
a. Service Provider Program
b. Budget for Term 5 Q1/Q2 is posted
Weekly Endowment Updates (@karpatkey + @Steakhouse)
Demo from Hedgey - Token Vesting Contracts + Delegation
Update on Bylaws RFP
Open Discussion

23 Participants in Meeting

1. General DAO Updates

Service Provider Program

Program up and running!
Link for public streaming dashboard
Currently Streaming to six wallets

Budget for Term 5 Q1/Q2 is posted

All working groups need to post budget in first month of the term, budgeting for six months even though steward terms are now 1 year
Link to budget: MetaGovernance Working Group Budget for Term 5, Q1/Q2 2024

2. Weekly Endowment Updates (@karpatkey + @Steakhouse )

ENS Endownment yearly review: Karpatkey 2023 Review for the ENS Endowment
Plans for the year: Introduce roles modifier v2 to manage endownment more effectively. Currently in an audit to ensure safe introduction

Highlights from January Endownment Report

Revenues greater than cash burn
Revenues increasing
167 Months of runway
Reserves $100M
Full report can be found here: Endowment Monthly Reports - #5 by karpatkey

3. Demo from Hedgey - Token Vesting Contracts + Delegation

Lindsey Winder from https://hedgey.finance

Front-loading governance, release tokens over time but allow future token holders to participate in governance
Demo shows how users select token, network, revocable status, time for vesting, etc. for clean UI of allowing token vesting
Receivers of tokens can choose to delegate voting rights to a different wallet address
Goal is to have people with 2 or 3 years of token vesting participate with full amount of tokens in governance

4. Update on Bylaws RFP

@KarelLemma, representing Lemma Solutions 3, has been selected as the party who will help draft the ENS DAO Bylaws
Firm has been working in the space for 3 years
Timeline: Will conduct a gap analysis, create first draft for feedback for socialization, create second draft based on feedback, then share that draft for community feedback
The Bylaws will be made available for review and comment in advance of a social vote that will propose their adoption, will take a few weeks until first round of social feedback is ready for review

5. Open Discussion

None

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

5pence.eth · February 12, 2024, 6:56pm

Agenda and Minutes for MetaGov Meeting, February 13th, 2024

Details

Time: Tuesdays at 9:00 am ET (2pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe

Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse )
General DAO Updates

a. Update on Bylaws RFP
- Author Selection Process
- Next Steps
b. Discussion on DAO Conflicts of Interest
Eth Denver Updates - participation and plans
Open Discussion

don.nie · February 13, 2024, 3:17pm

Agenda and Minutes for Meta-Gov Meeting, February 13th, 2023

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse )
General DAO Updates
a. Update on Bylaws RFP
- Author Selection Process
- Next Steps
b. Discussion on DAO Conflicts of Interest
Eth Denver Updates - participation and plans
Open Discussion

11 Participants in Meeting

1. Weekly Endowment Updates (@karpatkey + @Steakhouse )

Endowment surpassed $80M for first time due to market increasing, primarily ETH

ENS Brand allows us to approach protocols for special investment opportunities, (e.g. reduced fees) focus is always on risk management and alignment to ENS values

2. General DAO Updates

1. Update on Bylaws RFP

Author Selection Process
Recevied applications from law firms and non-law firms. Reviewed examples provided by the applicants and selected what we believed was the best one.

Why go with non-law firm?
Two finalists were Lemma Solutions and law firm. Decision came down to fact that Lemma has provided DAO bylaws previously where law firm did not have that experience. Also, DAO was asking for a fixed fee and law firm was asking for hourly billing even though the RFP stated that ENS wanted a fixed fee.

Next Steps
Lemma Solutions currently working on a draft. Draft will be available for public review and comment.

Discussion: ENS Punks spoke about bylaws being a legal document, and how selecting a non-law firm was a confusing choice. ENS Punks made recommendations for improving the process and bringing more transparency and clarity to processes in the future.

2. Discussion on DAO Conflicts of Interest
Spike Watanabe requested technical discussion around how the DAO should consider handling conflicts of interest

Spike: If a steward is also a stream provider, conflict exists as steward would want future service provider initiatives to be super competitive where a stream provider wouldn’t.

Avsa.eth: Believe abstaining from every and all decision around service providers is enough. Learning exercise and should consider including in the bylaws.

5pence.eth: Thanks for bringing issue up, want to be ethically focused. Stewards can’t make decisions unilaterally, have to have buy-in from other stewards.

3. Eth Denver Updates - participation and plans

Register for ENS Happy Hour here: ENS @ ETH Denver · Luma, many more people registered than last year!

Will have booth and expect it to be very busy.

4. Open Discussion

Forum is paid for by the DAO and is a lively place for discussion. However, @5pence.eth gets complaints around forum not being policed, asked for thoughts around moderating. Please continue to think on this issue.

@estmcmxci believes in freedom of expression but thinks should be some moderating

@184.eth states that harassment not tolerated, policing needed in that instance. Is a moderator and currently moderates around structure

@coltron.eth wants forum to uphold a standard and believes conversation that lowers that standard looks poorly upon the DAO

ENS Punks: Conflict resolution is an important skill and constitution should incorporate how to achieve conflict resolution within the DAO including via the Forum

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

estmcmxci · February 20, 2024, 2:39am

Meta-Governance Meeting Agenda — 02/20/24

Meeting Info:

Tuesday · 2:00 – 2:45pm UTC
Meeting link
New proposals are broadcast to Telegram

Stewards:

Agenda:

Quorum
Weekly Endowment Updates
Proposals
Working Group Funding Requests
ETH Denver
Open Discussion

—

Requests to add an item to the agenda may be forwarded by direct message to @Meta-Gov_Stewards

don.nie · February 20, 2024, 2:22pm

Agenda and Minutes for Meta-Gov Meeting, February 20th, 2023

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

New proposals are broadcast to Telegram

Agenda

Quorum
Weekly Endowment Updates
Proposals
Working Group Funding Requests
ETH Denver
Open Discussion

15 Participants in Meeting

1. Quorum

Thanks for joining the call. Bi-weekly newsletter goes out every other Tuesday. Latest here: ENS DAO Newsletter #54 — 02/13/24

2. Weekly Endowment Updates (@karpatkey)

ETH Appreciation causing endownment price to increase

3. Proposals

Next steps in eth.link litigation
Discussion: [EP5.2] [Social] Determine ENS Labs’ next steps in eth.link litigation
Voting: Snapshot
Please make sure to read through history of proposal and comment on forum if any questions.

4. Working Group Funding Requests

Public Goods and Metagov have posted their budgets on the forum (Ecosystem will not be asking for funds).

Next steps: Budget up for social proposal on Snapshot sometime next month.
Voting for transfer of funds to multi-sig wallet will go up before the end of March.
Public Goods Budget Link: Public Goods Group Budget - H1 2024
Ecosystem Budget Link: 2024 1H Budget: ENS Ecosystem Working Group
MetaGov Budget Link: MetaGovernance Working Group Budget for Term 5, Q1/Q2 2024

5. Eth Denver

Register for ENS Happy Hour here: ENS @ ETH Denver · Luma, over 500 people applied! Reach out to @limes if still need invite acceptance

Will be giving out POAP cards at the ENS booth. Pre-register here: Swag - ENS Domains

6. Open Discussion

No DAO calls next week given EthDenver and events

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

5pence.eth · March 5, 2024, 12:50am

Agenda and Minutes for MetaGov Meeting, March 4th, 2024

Details

Time: Tuesdays at 9:00 am ET (2pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe

Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse )
General DAO Updates
a. EthDenver Recap
b. Working Group Funding Requests
Klaus Bravenboer from Hack Hummanity
Open Discussion

don.nie · March 5, 2024, 2:54pm

Agenda and Minutes for Meta-Gov Meeting, March 5th, 2024

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

New proposals are broadcast to Telegram

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse)
General DAO Updates
a. EthDenver Recap
b. Working Group Funding Requests
Klaus Bravenboer from Hack Hummanity
Open Discussion

11 Participants in Meeting (See list of participants at end of notes)

1. Weekly Endowment Updates (@karpatkey + @Steakhouse)

Over $100m due to Eth price appreciation

Preparing to chat with DAO about rebalancing policy, have been doing regular swaps

Q: As ETH appreciates what is the strategy?
A: Swaps are something that are handled regularly. Aiming for 25% stables, lower now due to ETH price appreciation

2. General DAO Updates

EthDenver Recap

Great conference! Lots of noise to sift through, but amazing conversations.
Really nice to meet people IRL

Working Group Funding Requests

Budgets are formed at the start of the term, funding requests follow ~2 months later
Will post funding requests to Forum this week for Meta-Gov and Public Goods (Ecosystem not requesting)
Funding as a social vote followed by funding as a payment vote will take place over next few weeks. Also, voting on litigation payment will occur

3. Klaus Bravenboer from Hack Hummanity

Wanted to create hackathons for more than just technical people, talent exists outside of developers
Have run 11 hackathons for numerous different types of organizations, also have background in brand design

Create challenge statements to rally hackathon participants around solving problems
Ran 3 day hack during EthDenver to ship governance proposals for Arbitrum, goal was to drive trust and innovation across Arbitrum ecosystem

Received high NPS scores, participants really enjoyed!
More info on hackathon on Arbitrum Forum: Arbitrum GovHack Submissions - Arbitrum
Q: How to engage with ENS about running something like this?
Spence: Processes to engage with ENS DAO: Create proposal, run temp-check, have flow we can help you with. Success for previous proposals: Outline a problem and demonstrate how you propose to fix the problem. Don’t want a solution looking for a problem.
@avsa.eth: How get new people to engage and understand ENS DAO? Engage in voting, understand grants etc.? These are the biggest issues IMO
Q: What relationship between ENS and Arbitrum?
A: Many developers and ecosystem leaders are connected, connections always being made

4. Open Discussion

None

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

Participants:

estmcmxci · March 12, 2024, 12:56pm

Meta-Governance Meeting Agenda — 3/12/24

Meeting Info:

Tuesday · 1:00 – 1:45pm UTC
Meeting link
New proposals are broadcast to Telegram

Stewards:

Agenda:

Quorum
Endowment updates
Bylaws update: Gap Analysis
DAO updates (ETHLondon, Refund Policy)
Upcoming funding request
Governance initiatives
Open Discussion

—

Requests to add an item to the agenda may be forwarded by direct message to @Meta-Gov_Stewards

don.nie · March 12, 2024, 1:44pm

Agenda and Minutes for Meta-Gov Meeting, March 12th, 2024

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

New proposals are broadcast to Telegram

Agenda

Weekly Endowment Updates
General DAO Updates
a. EthLondon
b. Refund Policy
c. Governance Incentives
Upcoming Funding Request
Bylaws update: Gap Analysis
Open Discussion

19 Participants in Meeting (See list of participants at end of notes)

1. Weekly Endowment Updates

Rebalancing: Yesterday sold ETH to achieve 80% ETH, 20% stablecoins

2. General DAO Updates

EthLondon

This week!
ENS Labs sponsoring the Oxford University Conference an ENS sponsoring ETHGlobal hackathon

Refund Policy

Refunding to addressess who sent funds to the ENS contract
Happens to people unfamiliar with systems
Excluded exchanges such as Coinbase

Governance Incentives

Looking at how to reduce costs of voting
Might not reach quorum because gas costs of voting are so high and turn people away from placing votes
Talking to voting providers to discuss options and their future plans/ roadmap
Since ENS names on mainnet, makes L2 voting more difficult
Discussion around private voting, want transparency in voting (prevents bribery etc.), but whom one delegates to could be a good use case for privacy

3. Upcoming Funding Request

Working Group Funding
- Public Goods and Metagov to post funding tomorrow
Need to decide on value and distribution of ENS for compensation, possily more for developers and contributors
Asking for 100K ENS to support current budget

4. Bylaws update: Gap Analysis

As part of the RFP by the Meta-Governance working group, Lemma has conducted a GAP analysis as a starting point before commencing with the creation of the first draft of the Bylaws
Need feedback to see what missed and to gather sentiment
Link here: Seeking Feedback on Bylaws GAP Analysis: A Call to Stewards, Delegates, and Contributors
Respond in thread or reach out to Lemma with any and all questions

5. Open Discussion

None

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

5pence.eth · March 19, 2024, 3:44am

Agenda and Minutes for MetaGov Meeting, March 19th, 2024

Details

Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe

Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)

Agenda

General DAO Updates
a. Failed Funding Request
Weekly Endowment Updates (@karpatkey + @Steakhouse )
Open Discussion

don.nie · March 19, 2024, 2:01pm

Agenda and Minutes for Meta-Gov Meeting, March 19th, 2024

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

New proposals are broadcast to Telegram

Agenda

General DAO Updates
a. Failed Funding Request
Weekly Endowment Updates (@karpatkey + @Steakhouse)
Open Discussion

14 Participants in Meeting (See list of participants at end of notes)

1. General DAO Updates

Failed Funding Request

Funding proposal did not reach quorum: Snapshot
Not in emergency situation as plan for the future and prepared
Possible path for next voting in April, break voting into separate issues (from @avsa)
- a. Budget in USDC and ETH
- b. Distribution of ENS
- c. Vesting and vesting period
Push-back primarily around amount requested in budget for steward comp
DAO Rules state that rules can be changed at any time
Eduardo: Need policy around when changes apply, so can’t retroactively affect people’s income, swaying governance as a result of 7 people’s opinion feels weird
ENS Punks: Proposals should have an effective date. (e.g. term 5 or term 6), recommend take conservative approach and not materially alter policy
James:
- Multi-choice approval voting not a good way to do voting
- Have 9 months for compensation conversation for next term (shouldn’t be in terms of strict token amount, should consider price of ENS token)
- Have to rush as budget didn’t pass (issue of token voting is that 7 people can influence the direction of a vote)
- Given last compensation conversation was reasonable rushed and not a by-law, reasonable to have this conversation
Lively discussion around how/when/why compensation can be changed/updated, especially as price of ENS fluctuates and stewards are making $200k-$300k in compensation
- Have 9 months to figure out sticky compensation issues
- Working Group will figure out best way to bring funding to another vote

2. Weekly Endowment Updates (@karpatkey + @Steakhouse)

Endownment down due to decrease in the price of Eth

Monthly Report Link: karpatkey
Will need tech support for roles modifier v2 implementation (action-item for Metagov working group to identify tech contact)
ENS DAO Fund Flow Dashboard (alpha, please send feedback): https://dune.com/karpatkey/ens-dao-fundflow
- Endownmwent figures updated monthly from Karpatkey monthly reports

February Monthly Report Highlights

3. Open Discussion

None

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

5pence.eth · March 26, 2024, 11:35am

Agenda and Minutes for MetaGov Meeting, March 26th, 2024

Details

Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe

Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse )
General DAO Updates
Safe Permissions Executable
Public Goods Funding
Demo from Aseem on a Paymaster System for Subsidized Voting
Open Discussion

don.nie · March 26, 2024, 1:44pm

Agenda and Minutes for Meta-Gov Meeting, March 26th, 2024

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

New proposals are broadcast to Telegram

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse)
General DAO Updates
Safe Permissions Executable
Public Goods Funding
Demo from Aseem on a Paymaster System for Subsidized Voting
Open Discussion

18 Participants in Meeting (See list of participants at end of notes)

1. Weekly Endowment Updates (@karpatkey + @Steakhouse)

Preparing a post to share on the forum: analysis of endownment and how it funds the DAO in different scenarios.
- Will help shape future plans. Want to set monthly transfer from controller to endownment to cover runway.

2. General DAO Updates

Two executables upcoming

Public Goods funding executable vote
Safe Permissions Executable

Working with Tally to make executables gas free. DAO pays fee to Tally, Tally covers gas fees for voters. Hoping to have working by the next vote. Will invite Tally to next call

3. Safe Permissions Executable

Permissions change for endownment fees
Executable vote upcoming

4. Public Goods Funding

Vote passed: Snapshot
Executable vote upcoming

5. Demo from Aseem Sood on a Paymaster System for Subsidized Voting

Building a fully onchain paymaster. Way for wallets to have others pay for gas
Problem: Gas costs friction to onchain voting for DAOs, want a way for DAO to subsidize these costs
Solution uses account abstraction with smart wallets
No centralized services to maintain, only action is periodically “refilling” the Paymaster
Only pays for specific function calls
Can limit gas costs: Only pay for gas when gas below a certain threshold
Github Repo: GitHub - meliopolis/governance-paymaster

6. Open Discussion

Clarification on MetaGov Funding

Vote didn’t reach quorum, different from majority vote
Want to propose budget that is more likely to be approved, still have budget for the future, not immediate risk
Will conduct another social vote on the issue
Break into parts so can get certain parts passed and discuss more contentious issues

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

5pence.eth · April 2, 2024, 3:00am

Agenda and Minutes for MetaGov Meeting, April 2nd, 2024

Details

Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe

Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse )
General DAO Updates Section
I. Tally Voting Relay
II.
Open Discussion

don.nie · April 2, 2024, 1:25pm

Agenda and Minutes for Meta-Gov Meeting, April 2nd, 2024

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

New proposals are broadcast to Telegram

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse)
General DAO Updates
Open Discussion

15 Participants in Meeting (See list of participants at end of notes)

1. Weekly Endowment Updates (@karpatkey + @Steakhouse)

Will present monthly report next week.

2. General DAO Updates

Tally Voting Relay

Will be ready for next voting period
Means voting will be free
Want to go one step further: get paid to vote
- In talks with Snapshot to understand how their reward program works, want Tally to adopt similar
- Currently exploring concepts, won’t be available for next voting period
- Ideally votes are delegated to active voters so people not voting absentmindedly just to get paid
Broader discussion around how best to inform members about governance and keep people involved, some ideas:
- Delegating to more active voters
- Having more delegates
- Education to inform and increase engagement
- Gas refunds for delegating

3. Open Discussion

Gitcoin Grants Identity Matching Round Live

Gitcoin Grants Round 20: ENS Identity

Public Goods Small Grants Live

https://ensgrants.xyz

Giveth Grants Live

Give directly to for-good projects with crypto & zero fees
X Spaces tomorrow
Solo builders or very small teams

Service Provider Updates

https://twitter.com/ENS_DAO/status/1774877519868780817

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

5pence.eth · April 9, 2024, 11:33am

Agenda and Minutes for MetaGov Meeting, April 9th, 2024

Details

Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe

Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse )
General DAO Updates Section
1. Executable Proposals 5.5 & 5.6
Open Discussion

don.nie · April 9, 2024, 1:44pm

Agenda and Minutes for Meta-Gov Meeting, April 9th, 2024

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

New proposals are broadcast to Telegram

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse)
General DAO Updates
a. Executable Proposals 5.5 & 5.6
Open Discussion

18 Participants in Meeting (See list of participants at end of notes)

1. Weekly Endowment Updates (@karpatkey + @Steakhouse)

March Monthly Report: karpatkey

5.27% APY driven by yields on stables
$443,017 in DeFi returns

2. General DAO Updates

Two Live Executable Proposals, both have reached quorum

5.5

Funding Request: ENS Public Goods Working Group Term 5 (Q1/Q2)
Tally | ENS Proposal
The ENS Public Goods Working Group requests funding to support operations until the September 2024 funding window.

5.6

Enable Self-Funding for the Endowment
Tally | ENS Proposal
This proposal outlines a strategic shift allowing the Endowment to autonomously finance its operations. Specifically, it grants the Metagov stewards the authority to withdraw up to 30 ETH monthly from the Endowment, designated for payments to karpatkey and @steakhouse for their services in managing the Endowment.

3. Open Discussion

Frisson from Tally.xyz

Current executables on Tally don’t require gas fees to vote, huge improvement
Post: Gasless Voting is Live for ENS
ENS DAO funded Tally to support this initiative for a year
Tally relays transaction for the user and pays gas transaction while doing so
Requires ENS registered as wallets primary name
- Wallet must have at least 100 ENS
- Disincentive low value activity/ ensure person is a person
Relayer Address: https://etherscan.io/address/0xCcDBA906bAB28603b2F53f07D8Ae87afFd063b07
- ~100 votes so far that Tally has relayed for free
Looking into batching, but relayer casts vote immediately, batching requires a delay for votes to be cast
Multichain governance: Usually if put DAO on a chain, DAO is stuck on that chain. Tally just introduced multi-gov where user can vote and delegate on any chain through Tally
- Post: https://tally.mirror.xyz/peHXv-1Bv4RY6Hf3UeCSH74aCu2e2ttSMytxJwB7DpY
Telegram Contact: @zeroxfrisson

Corina Pascu from Dhive

Small Grants applicant, please support
Data hub, create accessible location for both onchain and offchain data
Launching in June
Want to create trusted credentials environment as well as implement notification system so users can get notifications from the DAO
Links:
- https://www.dhive.io/
- https://twitter.com/DhiveDotIo

Newsletter is out: ENS DAO Newsletter #58 — 04/09/2024

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

5pence.eth · April 16, 2024, 11:33am

Agenda and Minutes for MetaGov Meeting, April 9th, 2024

Details

Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe

Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse )
General DAO Updates Section
1. Research Into Governance Risks (@avsa)
Open Discussion

don.nie · April 16, 2024, 1:40pm

Agenda and Minutes for Meta-Gov Meeting, April 16th, 2024

Details

Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),

New proposals are broadcast to Telegram

Agenda

Weekly Endowment Updates (@karpatkey + @Steakhouse)
General DAO Updates
a. Research Into Governance Risks (@avsa)
Open Discussion

14 Participants in Meeting (See list of participants at end of notes)

1. Weekly Endowment Updates (@karpatkey + @Steakhouse)

Working on new roles modifier, tool to manage endownment in non-custodial way
- Ability to audit what’s changing will be more straight forward (code doing what says is doing) through UI
  - Testing going great
  - Tentatively bring to vote 1 May
Working on analysis to show how growing endownment so the endownment is self-sustainable and covering all costs for the DAO
- From an ops perspective the executable votes would be the same, but funds would come from the Endowment instead of the DAO Wallet

2. General DAO Updates

Research Into Governance Risks (@avsa)

Over time amount of delegated power has been decreasing despite same number of delegates, need to increase amount of delegated tokens
Anyone who closely watches Agora or Tally will have noticed a new ‘delegate’ shooting to the top of the delegate list, veto.ensdao.eth, presently holding over 3.8M delegated tokens. Please don’t be alarmed - this isn’t a governance attack, in fact it’s quite the reverse
@avsa recently disclosed to a small group of delegates the existence and practicality of highly concerning governance attacks that could be used to target DAOs including the ENS DAO. Given the viability of these attacks (has happened before!) and the urgency with which they need to be addressed, @nick.eth devised a simple contract that makes it possible for a small group of trusted DAO participants to exercise a large number of “no” votes to veto proposals that risk the integrity of the ENS DAO. To put some weight behind this, ENS Labs has delegated all of its ENS tokens - most of which are being held on behalf of Labs staff - to this account
This contract only permits individuals who have been granted permission to use it, it only allows them to vote “no”, and before exercising this power, individuals must agree to a pledge to only use this power to veto proposals that constitute a governance attack on the DAO, or would violate the ENS constitution

Next Steps

Need to make sure safer in the mid-term: [Temp Check] Enable CANCEL role on the DAO
Proposal for an executable that would grant the role of Canceller to a multisig, controlled by the same people that currently hold the Veto power. This would be a multisig of at least 2 accounts. We take this very seriously and understand that once this multisig has such power it’s hard to reverse it since they can veto any attempt to remove it. In order to have a balance of power the members would sign a pledge to only use the cancel power in an event of an attack or to protect the spirit of the constitution and we are open to discussion on any other measures that can be enacted

Other preventive measures to protect from the attack

The profitability of such attack is simply calculated by the amount of total assets in the DAO / (amount of delegated tokens * price of ENS tokens). So any attempt to improve the situation would have to change one of the factors:
- Assets: The DAO should consider ways to protect the Endowment from any single transaction that takes over. This isn’t as simple as it appears.
- Delegated tokens: the Metagovernance group has been considering ways to improve the amount of active delegates and will continue to propose new methods of both direct ENS distribution and ENS delegation.
- Token price: while the DAO’s responsibility is to the ENS system and not the token, it would be healthy if there were ways in which the value of ENS was more tied to the amount of values in it’s management and the present and future revenue of the name system

3. Open Discussion

Discussion around upgrading the governance contract, will bring to the agenda next week
Next week will have spending report for all the Working Groups

Notes by @don.nie

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