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EN
ENS DAO Puts $65M Endowment Under Five-Seat Board in Major Governance Overhaul
['Dan Saada']
The Currency analytics
The newly approved governance proposal fixes that by formally establishing the ENS Foundation as the legal entity handling those functions.
The $65 million endowment, held in ETH and stablecoins, stays under board oversight with administrative control through approved signers.
The operational wallet’s $16 million sits separate from the $65 million endowment, with the nine-day timelock on endowment transactions acting as the main safety valve against fast, unauthorized moves.
The ENS Foundation controls an endowment valued at approximately $65 million, held in ETH and stablecoins, with all transactions subject to a nine-day timelock.
Who sits on the new ENS Foundation board?