[Social] [EP2.2.5] Selection of an ENS endowment fund manager

While my inclination is to lean to Avantgarde given my view of what ENS needs to do a Treasury Manager is overkill and invites unnecessary added risk. I am well familiar with MelonPort though not as familiar with Enzyme and I have heard many times contracts are audited, rock solid etc. only to find out later they weren’t. I still have my caveats. Right now all ENS needs to do is to start DCAing incoming ETH to USDC to raise next 3 years of funding in cash. I don’t believe ENS needs to waste time with a manager and pay extra fees for any ‘Treasury Management’ at this point. I may be willing to change my mind in the future once significant cash is in the Treasury to fund operations.

Given rate of income here getting to 12M shouldn’t take more than 6 months. I think ENS should put together a higher level team to discuss what the real needs of the DAO are. I have significant concerns about keeping anything over 1/2 of the treasury in anything but stables and the lack of real volume and liquidity in the ENS markets generally.

As stated previously I will be voting my delegated ENS on None of the above.

MakerMan.eth

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