Ethereum Name Service

Abstract

The ENS Meta-Governance Working Group requests funding of the below to support operations until the March 2024 funding window. This means the Working Group will not be requesting funds in the January 2024 Funding Window.

The Meta-Governance Working Group is responsible for providing governance oversight and supporting the management and operation of working groups through DAO tooling and governance initiatives as well as treasury management for the DAO.

This social proposal is submitted to satisfy the requirements set out in Rule 10.1.1 of the Working Group Rules (EP 1.8). If this proposal is passed, the funding request will be included in a collective executable proposal put forward by all three Working Groups.

Specification

	USDC	ETH	$ENS
ENS Meta-Gov Main Multisig	376,000	40	52,300

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Description

Current Metagov Wallet Balances

(Values expected as of October 20th, 2023 - Use hyperlinked wallet names to see current balances)

Address	ETH	USDC	$ENS
ens-metagov.pod.xyz	1.2*	162,653	1,990
ens-governance.pod.xyz	32	83,500	1,250
ens-daotooling.pod.xyz	0	85,993
ens-endowmentfees.pod.xyz	86.69

*As of 10/18 this wallet also temporarily holds the 117 ETH being distributed via [EP4.3] [Executable] Refund .eth names affected by normalization updates

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Expenditures

Meta-Gov sets aside funds to ensure coverage for critical mission initiatives. While we strive to estimate term expenditures accurately, the final spending depends on pending initiatives. We anticipate that Final Expenditures will not surpass the Expected Expenses allocated for the term.

Expected Expenses through March 2024

	USDC	ETH	$ENS
Steward + Secretary Compensation	276,000	-
Governance	50,000	-	52,300
DAO Tooling	50,000	30	-
DAO Sponsorship	-	10	-
Discretionary	-	-	-
Total Balance	376,000	40	52,300

Description of Initiatives/Pods

Steward + Secretary Compensation: Working Group Steward and Secretary compensation totalling $276,000 USDC.

Governance: Fee reimbursements and initiatives related to reducing friction in the governance process. This can also include $ENS distributed in order to lower barriers to the governance proposal process.

DAO Tooling: Developing interfaces and dashboards to improve the governance process and increase transparency across the DAO.

DAO Sponsorship: Sponsoring DAO-specific events such as DAO NYC, DAO Tokyo, or others that fit the criteria.

Discretionary: Funds distributed at the discretion of stewards towards new initiatives + governance experiments.

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This proposal was prepared by katherine.eth, lead steward of the ENS Meta-Governance Working Group.