ENS Labs Revises Treasury Proposal Amid Delegate Pushback

ENS Labs has revised its treasury proposal after facing pushback from delegates. The DAO will retain custody of its primary operational wallet, including ETH and stablecoins.

The $65 million Endowment Safe will still transition to the Foundation under a timelock and with Security Council cancellation rights.

The 54.6 million ENS tokens held by tokenholders remain unchanged, but the Foundation will receive a 1 million ENS grant that vests over multiple years.