ENS Labs Scales Back Treasury Proposal After Delegate Pushback

ENS Labs has revised a governance proposal after delegate criticism over treasury control, choosing to keep the DAO’s primary operational wallet custody in place rather than moving broader control to the Foundation. According to the validated notes, the revised plan scraps the more contentious transfer of the DAO’s operational wallet, which includes ETH and stablecoins. The DAO retains custody, while only the $65 million Endowment Safe is set to transition to the Foundation, subject to a timelock and Security Council cancellation rights. The DAO’s 54.6 million ENS tokens remain with tokenholders, while the Foundation would receive a 1 million ENS grant vesting over multiple years. This is not the flashiest governance story, but it is an important one. ENS is trying to balance professional execution with decentralized control, and the delegate pushback shows that the community is still willing to draw lines around treasury authority. For more details, visit the official Discuss platform. TL;DR ENS Labs revised a treasury-control proposal after delegate criticism. The DAO retains custody of its primary operational wallet. The $65 million Endowment Safe can move to the Foundation, wit...