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Useful Information

The ENS DAO was created on November 8, 2021 with the launch of the $ENS token.

The $ENS token governs the ENS protocol and its treasury.

Holders of $ENS can delegate $ENS tokens to delegates. Delegates use delegated $ENS tokens to vote on proposals related to changes to the ENS protocol and spending from the DAO’s treasury.

A total of 100m $ENS tokens were minted, with each token representing a single vote in the DAO.

The address for the $ENS Token contract is X.

$ENS tokens can be purchased on centralized and decentralized exchanges.

The ENS DAO is represented in the real world by the ENS Foundation, a foundation based in the Cayman Islands.

The initial distribution of the $ENS token is detailed in this post from November 2, 2021.

25% (25m $ENS) was allocated to core contributors, ecosystem partners, and community members. Tokens for core contributors at the time of the DAO’s launch and launch advisors have a four year lock-up and vesting schedule.

25% (25m $ENS) was available to be claimed as an airdrop by addresses that had been the registrant of a .ETH second-level domain at any point in time before the snapshot was taken on midnight October 31, 2021.

50% (50m $ENS) was distributed to the DAO’s treasury. 10% of this distribution was available at launch. The remaining $ENS tokens distributed to the DAO treasury are unlocked linearly over 4 years, from November 8, 2021.

Eligible addresses were able to claim an airdrop of $ENS tokens during a defined airdrop window, based on various eligibility criteria including:

Over 137k addresses were eligible to claim an airdrop during the airdrop window. The airdrop window was open from 8 November 2021 until 4 May 2022.

19.6 million $ENS tokens were claimed during the airdrop window by 103k eligible addresses.

The remaining 5.4m $ENS tokens were transferred to the DAO treasury following the closure of the airdrop window.

A total of 50m $ENS, or 50% of the total supply of $ENS, was allocated to the ENS DAO treasury when the $ENS token was launched on November 8, 2021.

10% of the 50m $ENS allocated was available on launch. A total of 5m $ENS was claimed from the ENS Timelock contract by the DAO wallet in this transaction.

The remaining 40m $ENS allocated to the DAO will unlock linearly over 4 years. This amount can be claimed by the DAO at any time by passing an executable proposal to initiate the claim.

The current balance of $ENS in the ENS DAO wallet is x, made up of the following transactions:

As the owner of the $ENS token contract, the ENS DAO has the right to mint up to 2% of the current total supply, once a year. After such an action is initiated, the DAO must wait a year before it can initiate the action again. If the DAO mints any amount up to 2% of the current total supply for any reason, that will be the only amount minted for 365 days, whether it is 0.1% or any number up to 2%.

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