Abstract

The ENS Ecosystem Working Group requests funding of 470,000 USDC to support operations through April 2026. This is the only funding request of Term 6.

The ENS Ecosystem Working Group is responsible for growing and improving the ENS Ecosystem by funding builders and projects that are ENS-specific or ENS-centric.

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 Ecosystem Main Multisig	470,000	–	–

Description

ENS Ecosystem Multisig Balances - As of October 22, 2025

The ENS Ecosystem Working Group multisigs:

Multisigs	USDC	ETH
Main Multisig	172k	25
IRL	-	-
Hackathon	42k	10
Newsletter	1k	-
Total	215k	35

Reserved for Initiatives

Ecosystem reserves ensure we can cover key initiatives, but reserving is not the same as spending. For example, we’ve set aside $55k for the bug bounty program. The actual amount spent will depend on whether any bugs are discovered.

Initiatives	USDC	ETH
Hackathons	350k	-
Grants	100k	10
Ecosystem Support	50k	-
Bug Bounty	55k	-
IRL	30k	-
Total	585k	10

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Reconciliation

Initiatives	USDC	ETH
Current Balance	215k	35
Reserved	(585k)	(10)
Buffer	(100k)	(25)
Total	(470k)	0

The ENS Ecosystem Working Group is requesting 470k in USDC and zero ETH. This request ensures that there are sufficient resources to meet the expected future needs of the ecosystem working group. The buffer is an additional reserve to cover unforeseen expenses or opportunities.

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Initiatives Description

Initiative	Description
Hackathons	For our main partner, ETHGlobal, payments are made in January for the calendar year. Early commitment and payment provide better terms.
Grants	Grants support active builders in the ecosystem, including funding for hackathon winners. Examples of typical projects can be seen here.
Ecosystem Support	Support for open-source dependencies and funding for smart contract audits. This will become increasingly important with the launch of Namchain, which will require updates across the ecosystem.
Bug Bounty	Supports the official bug bounty program of ENS administered by Immunefi. At the time of writing, the balance is 197k, and a top-up to the max limit of 250k is expected to occur this year.
IRL	Funding relates to events that coincide with conferences, such as EthCC & Devconnect.

Historical Spending

For historical spending, please consult the ENS Working Group Spending Summaries. This thread provides a consolidated overview of spending across all working groups, not just the Ecosystem Working Group.

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This proposal was prepared by slobo.eth, Lead Steward of the Ecosystem Working Group.

Success Criteria

For this social proposal to pass, the following quorum and voting requirements must be met:

Quorum: The proposal must receive a minimum of 1% of the total supply of $ENS (1 million votes) in the form of “For” and “Abstain” votes combined. “Against” votes do not count towards quorum.

Approval: Once the quorum is reached, the proposal requires a simple majority (>50%) of “For” votes among the “For” and “Against” votes to pass. “Abstain” votes do not count towards the approval calculation.