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[EP 5.24] [Executable] Term 5 Q4, Collective Working Group Funding Proposal


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Description

This proposal executes all three Working Group funding requests for the October 2024 funding window as passed in EP 5.17.1, EP 5.17.2, and EP 5.17.3 as well as EP 5.21 and EP 5.19. For more detail, view the ENS Governance docs

Proposal Components


1) Meta-governance Funding Request [EP 5.17.1]

The Meta-governance Working Group requests funding to fulfill anticipated budgetary needs through the next formal funding window in April 2025.

DestinationUSDCETH$ENS
ENS Meta-Gov Main Multisig354,000045,000

This amount will cover all expected expenses (including the ENS required for vesting on 5.19 and 5.21) while maintaining a 100,000 USDC prudent reserve to ensure continuity if future funding is delayed.


2) Ecosystem Funding Request [EP 5.17.2]

The ENS Ecosystem Working Group requests funding to support operations through April 2025. This is the only funding request of Term 5. The working group is responsible for growing and improving the ENS Ecosystem by funding builders and projects that are ENS-specific or ENS-centric.

DestinationUSDCETH$ENS
ENS Ecosystem Main Multisig836,00000

3) Public Goods Funding Request [EP 5.17.3]

The ENS Public Goods Working Group requests funding to support operations through the next funding window in April 2025. The funds requested extend current needs through to next term to ensure that next season's stewards have available funding before the next funding window.

DestinationUSDCETH$ENS
Public Goods Main Multisig226,00000

Specification

The following transfers are to be made from the DAO treasury:

  1. Transfer 354,000 USDC to the Meta-governance safe:

    • Address: 0x91c32893216dE3eA0a55ABb9851f581d4503d39b
  2. Transfer 836,000 USDC to the Ecosystem safe:

    • Address: 0x2686A8919Df194aA7673244549E68D42C1685d03
  3. Transfer 226,000 USDC to the Public Goods safe:

    • Address: 0xcD42b4c4D102cc22864e3A1341Bb0529c17fD87d
  4. Transfer 45,000 ENS to the Meta-governance safe:

    • Address: 0x91c32893216dE3eA0a55ABb9851f581d4503d39b

Total transfer amount: 1,416,000 USDC and 45,000 ENS

Votes
Quorum progress: 11.61%
For votes: 135
Against votes: 1.13M
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0xb8c2...67d50xb8c2...67d5voted against
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Voting against on procedural grounds: https://discuss.ens.domains/t/ep-5-24-executable-term-5-q4-collective-working-group-funding-proposal/19801/3?u=nick.eth
0x9831...67440x9831...6744voted against
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Numbers don't match. Looks like this was an attempt to combine executables? Needs to be clear, we're talking about large sums of money here. Voting AGAINST.
0x76a6...bbb80x76a6...bbb8voted against
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I support bundling the proposals, but the title and description of values should express it clearly: https://discuss.ens.domains/t/ep-5-24-executable-term-5-q4-collective-working-group-funding-proposal/19801/6
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As the submitter any error in communication is my fault. I am voting abstain to decrease the quorum and allow the majority opinion to be reached faster.
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There seems to be a mistake here. The title does not match what the body says. Metagov proposal looks to be off by 100k and 45k ENS.
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Disagree with bundling the proposals against consensus or approved process.
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This proposal entails more than the title suggests. It covers not only Working Group budgets, but also a bounty payout and token distribution program.
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