ENS DAO Proposes a Full-Time Foundation with a 1 Million ENS Allocation for Staff

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ENS
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ENS DAO has proposed a protocol update to establish a full-time foundation, led by a five-member board, with 1 million ENS tokens allocated for staff. Token holders will retain control over the protocol, including governance of ENS tokens, operational wallets, and the appointment or removal of directors. This move follows ongoing efforts to support new token listings and enhance on-chain governance.

Odaily Planet Daily report: ENS DAO has posted a new proposal on X, aiming to establish a full-time operational foundation and a five-member board of directors to manage the endowment fund.

According to the proposal, the ENS DAO plans to allocate 1 million ENS tokens for foundation staff salaries. Token holders will retain control over the protocol, including the ENS held by the DAO, the operating wallet, and the authority to appoint and remove foundation board members.

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