ENS DAO Approves Foundation Overhaul with Five-Seat Board

The Ethereum Name Service (ENS) DAO has approved and executed a governance proposal that transforms the ENS Foundation into a full-time operating body. The foundation will have a five-seat board, professional staff, and control over a roughly $65 million endowment.

According to the proposal, the new setup separates operational work from decisions affecting the ENS protocol. Tokenholders retain control over protocol upgrades, fees, DAO-held tokens, and board appointments.

The foundation will be responsible for daily operations, including managing staff, overseeing grants, and representing ENS in formal policy talks. The executive director will lead daily operations, manage staff, and oversee the grants program within budgets approved by the board.