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ENS Scales Back Plan to Move DAO Treasury Control to New Foundation | The Defiant

Katherine Wu, chief operating officer of ENS Labs, posted an executable draft Thursday of the proposal to establish an ENS Foundation, dropping a plan to shift the DAO's operational wallet to the new entity after weeks of delegate opposition to an earlier version of the plan.

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thedefiant.ioStai leggendo15 g fa

ENS Scales Back Plan to Move DAO Treasury Control to New Foundation | The Defiant

ENS revised Foundation proposal: DAO keeps 54.6M tokens and $16M operational wallet; Foundation manages $65M Endowment with timelock. Illustrates the decentralization-vs-control tension tech teams face when deploying DAO or multi-sig governance at scale.

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cryptobriefing.com15 g fa

ENS Labs scales back plan to move DAO treasury control after delegate pushback

ENS Labs drops plan to transfer $350–400M DAO treasury to Foundation after community opposition; operational wallet stays with DAO. Treasury capture concerns trumped institutional legitimacy—DAOs will resist centralizing control even when structured treasury management is already professionalized.

Timeline cronologica

giovedì 30 luglio 2026·thedefiant.io
ENS Scales Back Plan to Move DAO Treasury Control to New Foundation | The Defiant
Katherine Wu, chief operating officer of ENS Labs, posted an executable draft Thursday of the proposal to establish an ENS Foundation, dropping a plan to shift the DAO's…
giovedì 30 luglio 2026·cryptobriefing.com
ENS Labs scales back plan to move DAO treasury control after delegate pushback
ENS Labs COO Katherine Wu revised the Foundation proposal, dropping plans to transfer the DAO's $350M-$400M operational wallet after delegate