🗳️ Voting Period Bulletin

🗳️ Meta-Governance
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:ballot_box: Voting Period Bulletin

About Proposals

Proposals are the means by which changes are made to the status quo. There are two types of proposals:

  1. Social Proposals: offchain proposals that ask for the agreement of the DAO on a social consideration that cannot be enforced onchain.
  2. Executable Proposals: onchain proposals that execute code related to the ENS Protocol and ENS DAO smart contracts, as voted on by the DAO.

Proposal Table:

Criteria Social Proposals Executable Proposals
Type of proposal Offchain Onchain
Location Snapshot Tally
Minimum threshold $10,000 ENS $100,000 ENS
Quorum ≥ 1m $ENS, 50% Approval ≥ 1m $ENS, 50% Approval (Votes ‘For’ + Abstain count towards quorum)
Voting period 5 days 7 days
Subject to time-lock? No Yes, 2 day timelock

These proposals are submitted for a vote, where delegates cast their votes in proportion to the number of tokens they hold in $ENS. If a proposal reaches the required quorum and passes, it is then ratified and implemented. Refer to the proposal table for details on each type of voting proposal.

Onchain voting is free! Courtesy of Tally and ENS DAO.

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April 2024

[EP 5.5] Funding Request: ENS Public Goods Working Group Term 5 (Q1/Q2)

In accordance with Rule 10.1 of the Working Group Rules, the Pubic Goods Working Group have put forth an executable proposal detailing a funding request. If successful, the request will transfer 450.3k USDC and 21.5 ETH from wallet.ensdao.eth to the Public Goods working group.

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[EP 5.6] Enable Self-Funding for the Endowment

Regular and routine management of the Endowment is necessary to continue operations. This executable proposal details a measure to finance the Endowment, as well as a reimbursement for interim funding provided from the Meta-Governance Multi-sig to settle Endowment fees during the months of January and February. The payload will be executed by the wallet.ensdao.eth to create the aforementioned allowance and reimbursement.

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Note: This thread is meant to distribute information about proposals. Please refrain from commenting otherwise.
3 Likes
3

May 2024

[5.7][Social] Security Council

The primary mission of ENS DAO is to govern the protocol and allocate resources in line with its constitution and objectives. However, changing economic dynamics make the DAO vulnerable to attacks aimed at draining its treasury. This proposal seeks approval from the ENS DAO to counter governance attacks by creating a veto role (veto.ensdao.eth), endowed with approximately 3.8 million $ENS delegated from ENS Labs. This role will be controlled by a multisig wallet pertaining to a trusted group to veto proposals that threaten the DAO’s integrity or violate its constitution. It also introduces a CANCEL role, assigned to the same multisig wallet.

  • Vote: Snapshot
  • Results: 100% Approval
  • Transaction: None

[5.8][Social] ENS Steward Vesting Proposal

This proposal suggests implementing a vesting schedule for $ENS tokens distributed to stewards of all three ENS DAO Working Groups. The proposed vesting will occur over a 24-month period to align steward interests with the DAO’s long-term goals, with provisions for both current and retroactive vesting terms.

  • Vote: Snapshot
  • Results: 58.77% Approval
  • Transaction: None

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Note: This thread is meant to distribute information about proposals. Please refrain from commenting otherwise.
1 Like
4

June 2024

[5.9.1][Social] Funding Request: ENS Meta-Governance Working Group

Meta-Governance is seeking funding to support DAO-wide operations, including Working Groups, treasury management, and governance initiatives. This request aligns with Rule 10.1.1 of the Working Group Rules, and amendments introduced in EP 4.8, and includes vesting contracts as per EP 5.8.

  • Vote: Snapshot
  • Results: 98.98% approval
  • Transaction: None

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[5.10][Social] Confirming the ENS DAO Security Council Members

Following EP5.7’s approval, this proposal confirms 8 Security Council members to protect ENS from governance attacks by canceling malicious proposals. The council operates under a 4/8 multisig configuration and has a 2-year veto power. A For/Against/Abstain vote will confirm the members, with a quorum of 1 million votes needed.

  • Vote: Snapshot
  • Results: 99.99% approval (excluding abstentions)
  • Transaction: None

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Note: This thread is meant to distribute information about proposals. Please refrain from commenting otherwise.
2 Likes
5

July 2024

[5.11][Executable] Fund the Meta-Governance Working Group (Term 5)

Meta-Governance is seeking funding to support DAO-wide operations, including Working Groups, treasury management, and governance initiatives. This request aligns with Rule 10.1.1 of the Working Group Rules and amendments introduced in EP 4.8. This proposal will execute the funding specification according to EP 5.9, as amended by EP 5.8.

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[5.12][Executable] Roles Modifier V2 Migration & Updates to Endowment Permissions

This proposal seeks to implement the updated Zodiac Roles Modifier v2 module, enhancing usability and transparency in treasury management. If approved, the module will be activated, and the DAO will revise the permissions policy. Key changes include enabling swaps on CoW Swap and eliminating obsolete actions and protocols while refining existing permissions.

* minimum approval is calculated as total of for votes plus against votes, as follows: for votes / ((for votes + against votes) * 100)

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[5.13][Executable] Security Council

This proposal aims to safeguard the ENS DAO against malicious proposals and mitigate governance attack vectors. A Security Council, elected through the DAO’s governance process, will be granted the PROPOSER_ROLE in the time lock, enabling it to cancel proposals (callable only by the Security Council multisig) without the power to initiate or modify other DAO actions.

The scope of this proposal is to assign the PROPOSER_ROLE to the Security Council contract. This contract will have a time-based expiration, allowing anyone to revoke the PROPOSER_ROLE after two years. The Security Council will act only in emergencies, such as proposals that violate the ENS constitution or have malicious intent, ensuring a secure interregnums while mitigating risks.

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Note: This thread is meant to distribute information about proposals. Please refrain from commenting otherwise.
2 Likes
6

August 2024

[5.14][Executable] Endowment permissions to karpatkey - Update #4

This proposal aims to introduce new permissions for deploying Endowment funds, focusing on improved diversification and alignment with the evolving market landscape and liquidity. @karpatkey are also introducing an independent audit report together with the Permissions Update; this will be the standard practice for Permissions Updates going forward.

1 Like
7

September 2024

[5.15][Social] ENS Governor Improvement Proposal: ProposalBond

This proposal seeks to introduce a “ProposalBond” mechanism to the ENS DAO, aimed at lowering the proposal submission threshold while ensuring accountability. Under this system, proposers would submit a bond when making a proposal, and if the proposal is rejected—especially if a significant portion of the community votes “Against with penalty”—the bond would be forfeited. This change is designed to incentivize quality proposals while making the proposal process more accessible to the broader ENS community.

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[EP 5.16][Executable] Reimbursement of ENS Labs’ legal fees in eth.link litigation

This proposal seeks to reimburse ENS Labs for legal expenses incurred during their litigation to protect the eth.link domain. ENS Labs successfully defended their ownership and control over this key infrastructure, which has been vital to the ENS ecosystem since 2017. The total legal costs amount to $1,218,669.76 USDC, and this proposal requests the ENS DAO treasury to cover these expenses, as previously approved in the social vote EP 5.3. The reimbursement ensures that the financial burden of this legal defense is shared by the community.

6 Likes
8

October 2024

Funding Requests:

  1. [5.17.1] ENS Meta-Governance: Requests $254k USDC for operations through April 2025, covering compensation, tools, and resources for governance.
  2. [5.17.2] ENS Ecosystem: Requests $836k USDC for ecosystem initiatives, including grants, hackathons, and partnerships.
  3. [5.17.3] ENS Public Goods: Requests $236k USDC for grants, events, hackathons, and bounties supporting Web3 infrastructure.

Update: This voting period is now closed, and all three proposals have reached near-unanimous consensus in support. The proposals will be included in an upcoming collective Executable Proposal.

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Social Proposals:

  1. [5.18] ENS DAO Steward Compensation Structure - Term 6
    This proposal outlines the compensation structure for ENS DAO stewards for Term 6

  2. [5.19] Governance Distribution Pilot
    This Governance Distribution Program involves the retroactive distribution of ENS tokens, with a detailed table outlining the amounts to be distributed.

  3. [5.20] ENS Endowment Investment Policy Statement
    This proposal introduces an Investment Policy Statement (IPS) for the ENS DAO, providing guidelines for managing its treasury, investments, and financial resources, including strategies for risk management, diversification, and asset allocation.

  4. [5.21] Governance Security Bounty
    This proposal looks to compensate blockful, a participant who potentially helped prevent an attack on the ENS DAO. It suggests that blockful’s efforts contributed to securing the governance mechanism, and the proposal is checking consensus on compensating them for their contribution.

Update: The voting period is closed.

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Executable Proposals:

  1. [5.22] ENSv2 Development Funding Request
    This proposal seeks to secure increased funding for ENS Labs to develop, maintain, and audit ENSv2, a major upgrade designed to enhance decentralization, scalability, and flexibility by integrating Layer 2 solutions and a redesigned protocol, enabling ENS to better support Ethereum’s evolving rollup-centric infrastructure.

  2. [5.23] Governance Security Bounty
    This proposal requests compensation for the blockful team for their critical role in identifying and mitigating a $150M vulnerability in ENS DAO’s governance, leading to the establishment of a Security Council that strengthens ENS DAO’s resilience, with payment structured as $100k USDC and 15k vested ENS tokens over two years to ensure sustained commitment to ENS security.

  3. [5.24] Term 5 Q4, Collective Working Group Funding Proposal
    This proposal approves and executes the funding requests for the October 2024 funding window, allocating USDC funds to the Meta-governance, Ecosystem, and Public Goods Working Groups to ensure continuity of operations and maintain prudent reserves until the next funding window in April 2025.

Special note: The proposal is being resubmitted following the acknowledgment of a clerical error. A new proposal with a verbatim specification, EP.25 has been submitted to the ballot in its place.

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Update: This voting period is now closed.

2 Likes
9

November 2024

Executable Proposals:

  1. [5.25] [Executable] Collective Working Group Funding Request
    This is a resubmission of [EP 5.24], with no changes to the funding amounts or technical specifications.

  2. [5.26] [Executable] Implementation of ENS Governance Distribution Pilot Program
    This executable proposal implements the Governance Distribution Pilot Program approved in EP 5.19. Following the community’s selection of the 30k ENS distribution option, this proposal authorizes the transfer of ENS tokens from the treasury to implement the program.

Update: This voting period is currently open and will close on Tuesday, November 27, at approximately 12:30 a.m.

2 Likes