ENS Labs Rewrites Treasury Plan Following Delegate Pushback

ENS Labs just revised a major governance proposal following strong criticism from delegates over treasury control. Under the updated plan, the DAO will keep custody of its primary operational wallet, which holds both ether and stablecoins, instead of handing broader control over to the Foundation.

While the main operational wallet stays put, a separate sixty five million dollar Endowment Safe is still scheduled to transition to the Foundation. This move includes strict safety measures like a timelock and cancellation rights managed by a Security Council. Meanwhile, the community of tokenholders will retain all fifty four million ENS tokens, and the Foundation will receive a smaller one million token grant that vests over several years.

This update highlights the ongoing struggle crypto protocols face when trying to balance fast operational efficiency with true decentralization. Delegate pushback proved that community oversight is still working as intended, stopping plans that felt too centralized before they could cause permanent division.

Traders and tokenholders should watch how the final vote unfolds and monitor how the new safety guards perform in practice. As Ethereum naming infrastructure scales, keeping the trust of the community remains vital for long term growth.