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Funding requests may be made to working groups or directly to the DAO through an executable proposal
Funding requests may be made to working groups or directly to the DAO through an Executable Proposal.
The ENS DAO generates revenue through the registration of .eth names. Registration fees go into controller.ens.eth wallet. More information is available about protocol revenue can be found here.
ENS DAO funding may be distributed in accordance with Article III of the ENS DAO Constitution, which provides:
As at March 13, 2023 the DAO has the following balances:
Account/Wallet | ENS | ETH held | USDC held | $ENS held |
Controller | 1,5023 | 2,685 | 0 | |
DAO | 15,021 | 17,144,568 | 10,058,344 |
Following the successful initiation of the ENS Endowment, 16,000 ETH was transferred from wallet.ensdao.eth to the Endowment safe wallet on March 7 2023. The endowment wallet is owned and controlled by the DAO.
More information is available about the ENS Endowment here.
Working groups
Working groups are funded by the DAO. Working groups are able to request funds from the DAO during four funding windows each year: January, April, July, and October (Rule 10.1 of the Working Group Rules).
Working group stewards must first prepare and pass a social funding request, before combining all funding requests into a single collective executable proposal.
→ Here is an example of a social funding request for the ENS Ecosystem Working Group (Social Proposal).
→ Here is an example of a collective executable proposal (Executable Proposal).
Following a successful vote, working group funds are distributed to each working group’s multisig.
Stewards then have discretion over how those funds are disbursed to initiatives.
To request funds from a working group, reach out to stewards or discuss your idea in a weekly working group call.
More information about working groups is available here.
Executable Proposals
If a funding request is too large for a working group to fulfill, or a funding request is not approved by working group stewards, a funding request can be put to the DAO as an Executable Proposal.
An example of a funding request that was put directly to the DAO, is the funding of ENS Labs (formally True Names Limited). The DAO agreed to fund ENS Labs through a daily stream of 11,500 USDC. More information is available about ENS Labs here.
More information about Executable Proposals can be found here.
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