ENS Co Founder Proposes Major Shift in DAO Token Delegation

Ethereum Name Service co founder Alex Van de Sande introduced a proposal on Monday to change how the DAO handles its assets. He suggested delegating 5 million ENS tokens currently sitting in the dormant community treasury to individual users. The goal is to move away from the current system which relies on a single multisig wallet for control.

Van de Sande argued that the current setup leaves the protocol too dependent on a small group. By spreading the voting power among many participants, he hopes to create a more balanced decision making process. This move is designed to make the governance structure more open and less centralized.

If the community approves this plan, it could mark a significant change in how the project operates. Traders and token holders should keep an eye on upcoming governance votes to see if this proposal moves forward. A shift toward distributed voting power often changes how the market views the long term decentralization of a project.