As @brantlymillegan mentioned, neither Labs nor the ENS Foundation have ever been denied any funding they’ve asked for from the DAO treasury. If the Foundation wants to expand, take on more responsibilities, and request more money from the DAO treasury to do so, that would probably be beneficial for all parties involved, and I’m sure that request would be accommodated,
It also seems the DAO has spoken in a recent proposal that it prefers a downsizing of the legacy steward model, so it’s non-controversial to say the steward model will shrink as the Foundation model here grows. Again, none of this is controversial.
It seems Brantly has pointed out the actual only active ingredient of this proposal:
But that statement, which is effectively the only truly active ingredient here, isn’t clearly stated or explained in this temp check.
Can we get some more details on what that statement means?
Is this proposal saying that control of the DAO’s financial assets[1] will be transferred to this new Foundation, and that the new Foundation will have full control over those assets?
The current value of ENS DAO assets is at least $86.9M in the Endowment plus a total liquid treasury of ~$56.6M in the DAO wallet. ↩︎