$ENS FOUNDATION GOES INDEPENDENT — NEW TRI-PARTY GOVERNANCE ERA KICKS OFF 🦈⚡
Governance just got a serious upgrade. The DAO approved the New Era proposal and the ENS Foundation is now an independent operating entity — five-person board, full-time executive director, and dedicated staff handling the offline chess game at ICANN, IETF, and W3C. 🏛️
The tripartite structure is clean: ENS Labs builds the protocol with ENSv2 on the roadmap, the DAO still controls 54.6% of total supply with veto power from the Security Council, and the Foundation handles policy, IP, and ecosystem funding. A one-time 1M token transfer covers salaries under a public framework — no kitchen-sink allocation here. 💡
This is what institutional-grade protocol infrastructure looks like when builders stay builders and operators stay operators. The rails are oiled, the checks are in place, and the 9-day timelock keeps bad actors at bay. 💬 Which leg of the tripartite system drives the most long-term value for $ENS — the builders, the voters, or the operators? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ENS #Governance #DAO #Crypto
🎯 🦈
Governance just got a serious upgrade. The DAO approved the New Era proposal and the ENS Foundation is now an independent operating entity — five-person board, full-time executive director, and dedicated staff handling the offline chess game at ICANN, IETF, and W3C. 🏛️
The tripartite structure is clean: ENS Labs builds the protocol with ENSv2 on the roadmap, the DAO still controls 54.6% of total supply with veto power from the Security Council, and the Foundation handles policy, IP, and ecosystem funding. A one-time 1M token transfer covers salaries under a public framework — no kitchen-sink allocation here. 💡
This is what institutional-grade protocol infrastructure looks like when builders stay builders and operators stay operators. The rails are oiled, the checks are in place, and the 9-day timelock keeps bad actors at bay. 💬 Which leg of the tripartite system drives the most long-term value for $ENS — the builders, the voters, or the operators? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ENS #Governance #DAO #Crypto
🎯 🦈