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Funding Requests

Funding Requests

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:

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Any income generated to the ENS treasury is to be used first of all to ensure the long-term viability of ENS, and to fund continuing development and improvement of the ENS system. Funds that are not reasonably required to achieve this goal may be used to fund other public goods within web3 as ENS governance sees fit.
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ENS governance will not allocate funds to a team or individual who does not commit to uphold the same principles outlined in this constitution in their use of the allocated funds.

As at March 13, 2023 the DAO has the following balances:

Account/Wallet
ENS
ETH held
USDC held
$ENS held
Controller
controller.ens.eth
1,5023
2,685
0
DAO
wallet.ensdao.eth
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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