ENS Labs Revises Governance Proposal 🗳️
ENS Labs has updated its governance proposal following community feedback. Under the revised plan, the DAO will retain control of its primary operational wallet, while only the $65 million Endowment Safe is proposed to transition to the Foundation, subject to a timelock and Security Council oversight.
The DAO will also continue to hold its 54.6 million ENS tokens. Separately, the Foundation is proposed to receive a 1 million ENS grant that vests over multiple years, supporting long-term operations while preserving community governance.
This is not financial advice. Always do your own research (DYOR).
August 4, 2026 575
