diff --git a/app/local/config/navigation/protocol.ts b/app/local/config/navigation/protocol.ts index e62b0661..b2056ba5 100644 --- a/app/local/config/navigation/protocol.ts +++ b/app/local/config/navigation/protocol.ts @@ -414,6 +414,26 @@ export const navigation: SectionData[] = [ { title: '📖 Proposals Term 5', links: [ + { + // eslint-disable-next-line prettier/prettier + title: '5.12 - [Executable] Roles Modifier V2 Migration & Updates to Endowment Permissions', + href: '/dao/proposals/5.12', + }, + { + // eslint-disable-next-line prettier/prettier + title: '5.11 - [Executable] Fund the Meta-Governance Working Group (Term 5)', + href: '/dao/proposals/5.11', + }, + { + // eslint-disable-next-line prettier/prettier + title: '5.10 - [Social] Confirming the ENS DAO Security Council Members', + href: '/dao/proposals/5.10', + }, + { + // eslint-disable-next-line prettier/prettier + title: '5.9 - [Social] Funding Request: ENS Meta-Governance Working Group Term 5 (Q1/Q2)', + href: '/dao/proposals/5.9', + }, { // eslint-disable-next-line prettier/prettier title: '5.8 - [Social] ENS Steward Vesting Proposal', diff --git a/docs/dao/proposals/5.10.mdx b/docs/dao/proposals/5.10.mdx new file mode 100644 index 00000000..179f2fa5 --- /dev/null +++ b/docs/dao/proposals/5.10.mdx @@ -0,0 +1,68 @@ +{/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */} +export const meta = { + description: 'This proposal confirms the 8 individuals for the Security Council, as defined in EP5.7, to protect against governance attacks by canceling malicious proposals using the SecurityCouncil smart contract.', + emoji: '📖', + contributors: [ + 'alextnetto.eth' + ], + proposal: { + snapshot: '0xa0b1bfadf6853b5b0d59d3c4d73c434fc6389339887d05de805361372eb17c3a', + type: 'social' + } +}; + +# [EP5.10] [Social] Confirming the ENS DAO Security Council Members + +## Abstract + +Following the successful passing of the [EP5.7](https://snapshot.org/#/ens.eth/proposal/0xf3a4673fe04a3ecfed4a2f066f6ced1539a5466d61630428333360b843653c54), this proposal aims to confirm the 8 individuals who will form the Security Council with the permissions defined in [EP5.7](https://snapshot.org/#/ens.eth/proposal/0xf3a4673fe04a3ecfed4a2f066f6ced1539a5466d61630428333360b843653c54). The Security Council will be responsible for protecting the organization from potential governance attacks by having the ability to cancel malicious proposals using the [SecurityCouncil](https://github.com/blockful-io/security-council-ens/blob/main/README.md) smart contract. + +## Specification + +A discussion was held in the ENS forum titled **[[Temp Check] Enable CANCEL role on the DAO](https://discuss.ens.domains/t/temp-check-enable-cancel-role-on-the-dao/19090)**. +Following that discussion, The [EP5.7](https://snapshot.org/#/ens.eth/proposal/0xf3a4673fe04a3ecfed4a2f066f6ced1539a5466d61630428333360b843653c54) proposal, which can be [found here](https://snapshot.org/#/ens.eth/proposal/0xf3a4673fe04a3ecfed4a2f066f6ced1539a5466d61630428333360b843653c54), detailed the need for a Security Council to mitigate the risk of governance attacks on the ENS DAO. The proposal passed with overwhelming support from the community, receiving 1.4 million votes and 100% approval. + +As outlined in the [EP5.7](https://snapshot.org/#/ens.eth/proposal/0xf3a4673fe04a3ecfed4a2f066f6ced1539a5466d61630428333360b843653c54) proposal, the [SecurityCouncil](https://github.com/blockful-io/security-council-ens/blob/main/README.md) smart contract will be deployed, and the Security Council multisig will be granted the PROPOSER_ROLE in the timelock. This will allow the Security Council to cancel malicious proposals, without granting the ability to initiate proposals, vote on proposals, or perform any other actions. The contract also features an expiration mechanism that automatically revokes the council's veto power after 2 years, promoting decentralization. + +### Proposed Security Council Members + +The proposed Security Council will consist of the following 8 individuals in a 4/8 multisig configuration: + +1. [nick.eth](https://www.tally.xyz/gov/ens/delegate/nick.eth) +2. [griff.eth](https://www.tally.xyz/gov/ens/delegate/0x839395e20bbb182fa440d08f850e6c7a8f6f0780) +3. [avsa.eth](https://www.tally.xyz/gov/ens/delegate/avsa.eth) +4. [lefteris.eth](https://www.tally.xyz/gov/ens/delegate/lefteris.eth) +5. [katherineykwu.eth](https://www.tally.xyz/gov/ens/delegate/katherineykwu.eth) +6. [fireeyes.eth](https://www.tally.xyz/gov/ens/delegate/fireeyesdao.eth) +7. [brantly.eth](https://www.tally.xyz/gov/ens/delegate/brantly.eth) +8. [alextnetto.eth](https://www.tally.xyz/gov/ens/delegate/alextnetto.eth) + +The text of [EP5.7](https://snapshot.org/#/ens.eth/proposal/0xf3a4673fe04a3ecfed4a2f066f6ced1539a5466d61630428333360b843653c54) specified that the 5 delegates included on the veto contract would be included in the security council. To fill the remaining 3 places on the council, consideration was given to, delegation power, past activity in governance, economic skin on the game, and jurisdictional diversity (for legal reasons). + +### Voting + +This social proposal seeks to confirm the complete list of 8 individuals as the Security Council members. **The vote will be a simple For/Against/Abstain vote on the entire list.** If the proposal is successful, a separate executable proposal will be put forward to deploy the SecurityCouncil smart contract and grant the necessary roles. + +For this vote, the 8 proposed members of the Security Council will vote "**Abstain**" to help meet quorum requirements while preserving their impartiality. + +### Next Steps + +Upon confirmation of the Security Council members through this social proposal, the following steps will be taken: + +1. The SecurityCouncil contract will be manually deployed to Mainnet. +2. A multsig will be manually created with the 8 members as signers. +3. The multisig will accept ownership of the SecurityCouncil contract. +4. The executable proposal will grant the PROPOSER_ROLE to the SecurityCouncil contract address using the grantRole function in the timelock. + +Once the executable proposal is passed and the contract is deployed with the necessary roles granted, the Security Council will be able to cancel malicious proposals to protect the ENS DAO. + +After the specified expiration period (2 years), anyone can revoke the PROPOSER_ROLE from the Security Council, ensuring this is a time-limited mechanism that defaults back to a more decentralized posture. + + +## Success Criteria + +For this social proposal to pass, the following quorum and voting requirements must be met: + +1. **Quorum**: The proposal must receive a minimum of 1% of the total supply of $ENS (1 million votes) in the form of "Yes" and "Abstain" votes combined. "No" votes do not count towards quorum. + +2. **Approval**: Once the quorum is reached, the proposal requires a simple majority (>50%) of "Yes" votes among the "Yes" and "No" votes to pass. "Abstain" votes do not count towards the approval calculation. \ No newline at end of file diff --git a/docs/dao/proposals/5.11.mdx b/docs/dao/proposals/5.11.mdx new file mode 100644 index 00000000..bc25bee7 --- /dev/null +++ b/docs/dao/proposals/5.11.mdx @@ -0,0 +1,34 @@ +{/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */} +export const meta = { + description: 'This proposal funds the Meta-Governance Working Group with 374k USDC and 150k ENS to support DAO-wide operations, including Working Groups, treasury management, and governance initiatives, as specified in EP 5.9 and amended by EP 5.8.', + emoji: '📖', + contributors: [ + 'avsa.eth' + ], + proposal: { + tally: '76312276134880424811339391717815330375652916610982980144903695563372140531115', + type: 'executable' + } +}; + +# [EP5.11] [Executable] Fund the Meta-Governance Working Group (Term 5) + +## Abstract + +Meta-Governance is seeking funding to support DAO-wide operations, including Working Groups, treasury management, and governance initiatives. This request aligns with Rule 10.1.1 of the [Working Group Rules](https://docs.ens.domains/dao/wg/rules) and amendments introduced in [EP 4.8](https://docs.ens.domains/dao/proposals/4.8). This proposal will execute the funding specification according to [EP 5.9](https://snapshot.org/#/ens.eth/proposal/0x66d355555c24ed0d2fed0aee89e4fe009e2925c84144c4edc707d33e7c19e554), as amended by [EP 5.8](https://snapshot.org/#/ens.eth/proposal/0x1f328fd1fda5f3cabfdace3e521403def7ad41b0b0582e27334c135cd23c511d). + +## Motivation + +### [EP 5.9 — Funding Request: ENS Meta-Governance Working Group Term 5 ](https://discuss.ens.domains/t/4-4-2-social-funding-request-ens-meta-goverance-working-group/17994) + +The Meta-Governance Working Group requests funding of **374,000 USDC and 150,000 ENS** from the ENS DAO treasury ([wallet.ensdao.eth](https://etherscan.io/address/0xFe89cc7aBB2C4183683ab71653C4cdc9B02D44b7)). This funding will be used to support the governance processes of the ENS DAO and to manage and build infrastructure that supports the ENS DAO, its treasury, and its Working Groups. + +## Specification + +The following transfers are to be made: + +- Transfer 374,000 USDC to [main.mg.wg.ens.eth](https://etherscan.io/address/0x91c32893216dE3eA0a55ABb9851f581d4503d39b). +- Transfer 150,000 ENS to [main.mg.wg.ens.eth](https://etherscan.io/address/0x91c32893216dE3eA0a55ABb9851f581d4503d39b). + +Addresses for confirmation: +- 0x91c32893216de3ea0a55abb9851f581d4503d39b for main.mg.wg.ens.eth \ No newline at end of file diff --git a/docs/dao/proposals/5.12.mdx b/docs/dao/proposals/5.12.mdx new file mode 100644 index 00000000..11bcab83 --- /dev/null +++ b/docs/dao/proposals/5.12.mdx @@ -0,0 +1,88 @@ +{/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */} +export const meta = { + description: 'This proposal aims to roll out an updated version of the Zodiac Roles Modifier module. The new version improves usability and transparency of treasury management operations. Upon approval, the Roles Modifier v2 module will be activated. Furthermore, this proposal requests authorization from the DAO to revise the permissions policy.', + emoji: '📖', + contributors: [ + 'avsa.eth' + ], + proposal: { + tally: '107992041043258996427224563090014372885335179099580585497266204203463156791290', + type: 'executable' + } +}; + +# [EP 5.12] [Executable] Roles Modifier V2 Migration & Updates to Endowment Permissions + +## Abstract + +This proposal aims to roll out an updated version of the Zodiac Roles Modifier module. The new version improves usability and transparency of treasury management operations. Upon approval, the Roles Modifier v2 module will be activated. + +Furthermore, this proposal requests authorization from the DAO to revise the permissions policy. A notable change includes enabling swapping actions on CoW Swap while the other permissions primarily focus on eliminating obsolete actions and protocols, and refining parameters within the existing permissions. + +# Roles v2 Migration + +## Motivation + +As [previously stated](https://discuss.ens.domains/t/endowment-initiation/15952#a-list-of-zodiac-roles-modifier-permissions-for-the-manager-role-9), the Zodiac Roles Modifier facilitates karpatkey’s proxy management of the Endowment by ensuring that only pre-approved transactions, defined by the permissions policy voted on by the DAO, can be executed. In collaboration with karpatkey, the Gnosis Guild team has significantly upgraded the Zodiac Roles Modifier module and the Zodiac Roles app. These enhancements have resulted in a more powerful and robust on-chain permissions infrastructure with the following improvements: + +- **Introduction of Allowances**: Implementation of spending limits within permissions. +- **Enhanced Call Data Scoping Toolset**: This toolset considerably broadens the range of functions that can have permissions set, increasing flexibility. +- **Advanced Logical Conditions**: Allows for the creation of complex permissions structures to accommodate sophisticated operational needs. +- **Compatibility with** [**DeFi Kit**](https://kit.karpatkey.com/): This feature integrates with karpatkey’s permissions policy building module, facilitating the straightforward crafting of protocol actions. +- **Improved Visualisation and User Interface**: the new [Zodiac Roles app UI 1](https://roles.gnosisguild.org/) not only displays permissions clearly but also provides a user-friendly interface to compare changes in each policy update, enhancing transparency and simplifying audits. + +For more detailed information, please refer to the following resources: + +- **Documentation**: [The Zodiac Roles Modifier](https://docs.roles.gnosisguild.org/)\ +- **Articles**: [Evolving Smart Accounts with Onchain Permissions](https://gnosisguild.mirror.xyz/oQcy_c62huwNkFS0cMIxXwQzrfG0ESQax8EBc_tWwwk), [Permissions as code](https://engineering.gnosisguild.org/posts/permissions-as-code) + +## Contract audits + +The Zodiac Roles Modifier v2 contract has been rigorously audited by G0 Group, the internal auditing team of Gnosis DAO, and by [Omniscia](https://omniscia.io/). The detailed audit reports are available for review [here 1](https://github.com/gnosisguild/zodiac-modifier-roles/tree/main/packages/evm/docs). + +# Changes to Permissions policy + +This proposal outlines the following modifications to the permissions policy: + +1. **Token Arrays for Swapping**: + +- Considering the tokens involved in the existing permissions, we have updated the token arrays to ensure they can be seamlessly swapped across the various whitelisted protocols and aggregators. +- **Token IN Allowlist**: \\[CRV, DAI, USDT, BAL, AURA, CVX, ETHx, COMP, rETH, SWISE, wstETH, LDO, WETH, ankrETH, USDC, stETH]. +- **Token OUT Allowlist**: \\[DAI, USDT, USDC, rETH, wstETH, WETH, stETH]. +- 4. The above arrays are to be utilised for swapping on CoW Swap, with equivalent lists replicated for Uniswap v3 and Balancer. + +2. **Introduction of CoW Swap** ([diff 4](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#right-0x23da9ade38e4477b23770ded512fd37b12381fab)): + +- Addition of a **CoW Swap Order signer** to enable gas-minimised and MEV-protected swaps. This includes an extensive set of aggregated exchange routes, improving the efficiency and effectiveness of required swaps. +- Tokens will be swapped on CoW Swap according to the token IN/OUT allowlists mentioned above. + +3. **Deprecations and Removals**: + +- **Uniswap v2 Swaps** ([diff 1](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#left-0x68b3465833fb72a70ecdf485e0e4c7bd8665fc45-0x472b43f3)): Removed due to insufficient liquidity in V2 pools. +- **Stakewise v2**: Deprecated functions related to deposit ([diff 1](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#left-0xc874b064f465bdd6411d45734b56fac750cda29a)) and claim ([diff 1](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#left-0xa3f21010e8b9a3930996c8849df38f9ca3647c20)) functions in light of the recent launch of Stakewise v3. Consequently, permitted actions related to Stakewise v2’s sETH2-ETH Uniswap pool are also removed ([diff](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#left-0xc36442b4a4522e871399cd717abdd847ab11fe88)). +- **Compound v2** ([diff](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#left-0x39aa39c021dfbae8fac545936693ac917d5e7563)): Discontinued all actions targeting v2 contracts and v2 cTokens (cUSDC and cDAI) due to the ongoing transition of the protocol to its v3. +- **Revocation of Existing/Obsolete Allowances:** All existing and outdated allowances previously set by the Endowment are revoked (set to zero). The ability to call the corresponding approve functions is included in the newly proposed policy. Accordingly, the payload contains a bundle of transactions to revoke these allowances. + +4. **Updates**: + +- **Uniswap v3** ([diff 1](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#right-0x68b3465833fb72a70ecdf485e0e4c7bd8665fc45-0x04e45aaf)) **and Balancer** ([diff](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#right-0xba12222222228d8ba445958a75a0704d566bf2c8)): Adjusted to allow the mentioned token IN/OUT allowlists. +- **Curve Pools**: Addition of stETH-ng (factory) pool ([diff](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/rMNui3Yp9LlBScVLFjY9cWkk4QGYoIVkkYxURs16ys?annotations=false#right-0x21e27a5e5513d6e65c4f830167390997aa84843a)) and removal of cUSDC + cDAI pool ([diff 1](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/rMNui3Yp9LlBScVLFjY9cWkk4QGYoIVkkYxURs16ys?annotations=false#left-0xa2b47e3d5c44877cca798226b7b8118f9bfb7a56); Compound v2 tokens). +- **Curve ZAP Deposit Contract** ([diff](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/rMNui3Yp9LlBScVLFjY9cWkk4QGYoIVkkYxURs16ys?annotations=false#right-0x56c526b0159a258887e0d79ec3a80dfb940d0cd7)): Introduced to allow depositing and staking of LP tokens in a single step. +- **Convex Staking** ([diff](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#right-0x6b27d7bc63f1999d14ff9ba900069ee516669ee8)): Added the CVX/stETH Rewards contract. +- **Lido Withdrawals** ([diff](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#right-0x889edc2edab5f40e902b864ad4d7ade8e412f9b1)): Enhanced to include new withdrawal methods using permits for both wstETH and stETH; methods include `requestWithdrawalsWstETHWithPermit` and `requestWithdrawalsWithPermit`. +- **Spark Rewards Claim** ([diff 1](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false#right-0x4370d3b6c9588e02ce9d22e684387859c7ff5b34)): Added functionality to claim wstETH rewards in Spark. + +# Audit Considerations + +We highly value the community’s involvement in reviewing and providing feedback on this proposal. We encourage members with the necessary technical expertise to examine the content carefully (including this [payload 1](https://gist.github.com/santinomics/773117b729152f31a121045f4ba26b5b)) and share their insights with us. For effective testing of the permissions policy configuration, we have utilised a [Testing Avatar Safe 1](https://app.safe.global/balances?safe=eth:0xC01318baB7ee1f5ba734172bF7718b5DC6Ec90E1). This safe mirrors the current state of the [permissions policy v4 1](https://docs.google.com/document/d/1Ker_TkBJV0xmQ9Li9HB-vtdlpx1vEeVEQwpIH6WoK0o) granted by the Endowment to the Manager SAFE operated by karpatkey. The enhancements in the Zodiac Roles app interface now allow for a clear visualisation of all existing permissions, accessible [here 2](https://roles.gnosisguild.org/eth:0xbd1099dfd3c11b65fb4bb19a350da2f5b61efb0d/roles/ENS-MANAGER-V1). The updated interface also simplifies the process of identifying [changes](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/C0zUV4NtNErufEpbpNc2S55F2oiAGw8aKE2jYwWjLg?annotations=false) by displaying the current permissions policy on the left side and the newly proposed policy on the right side. To further aid in the adoption and understanding of these tools for audit purposes, we have detailed the proposed changes in [version 5 documentation](https://docs.google.com/document/d/1KU4a7s-AxAAAPJxd8vexn7kCl8hsr3-c7VIDfEPHbKc/edit), following our standard Policy Update Request (PUR) format. + +# Additional Considerations + +## Roles Modifier v1 and Enabling of v2 + +The existing Roles Modifier v1 module will remain active to ensure a smooth transition and prevent any unexpected disruptions in operational execution. Ownership of the deployed [Roles Modifier v2 module 1](https://etherscan.io/address/0x703806E61847984346d2D7DDd853049627e50A40), equipped with the new proposed permissions policy, has been [transferred 1](https://etherscan.io/tx/0x78c69c7ad0c5f430d97ec5c3bac5cb649d831a756b3d4c5b09b45152427ae8f4) to the Endowment’s Avatar Safe. These permissions are displayed [here 4](https://roles.gnosisguild.org/eth:0x703806e61847984346d2d7ddd853049627e50a40/roles/MANAGER) and match those shown on the comparison interface [here 1](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/rMNui3Yp9LlBScVLFjY9cWkk4QGYoIVkkYxURs16ys?annotations=false). The payload will only activate this module, marking the first phase of the migration process. A subsequent policy update proposal will seek to disable the v1 module. + +## Policy Visualisation in Terms of DeFi Kit Actions + +The “show annotations” button, located at the top-right [here 1](https://roles.gnosisguild.org/eth:0xBd1099dFD3c11b65FB4BB19A350da2f5B61Efb0d/roles/ENS-MANAGER-V1/diff/rMNui3Yp9LlBScVLFjY9cWkk4QGYoIVkkYxURs16ys?annotations=false), provides a visualisation of the proposed permissions policy expressed through the DeFi Kit Protocol Actions. This feature offers a more abstract and simplified description of the policy, enhancing understanding and accessibility. + diff --git a/docs/dao/proposals/5.9.mdx b/docs/dao/proposals/5.9.mdx new file mode 100644 index 00000000..1d275601 --- /dev/null +++ b/docs/dao/proposals/5.9.mdx @@ -0,0 +1,77 @@ +{/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */} +export const meta = { + description: 'This proposal seeks to use the June 2024 funding window to request Q1/Q2 funding for the ENS Meta-Governance Working Group, following the failure of the March 2024 funding request, to cover operations until the next window in September 2024.', + emoji: '📖', + contributors: [ + '5pence.eth' + ], + proposal: { + snapshot: '0x66d355555c24ed0d2fed0aee89e4fe009e2925c84144c4edc707d33e7c19e554', + type: 'social' + } +}; + +# [5.9] [Social] Funding Request: ENS Meta-Governance Working Group Term 5 (Q1/Q2) + +## Abstract + +In March 2024, The ENS Metagov funding request for Q1/Q2 failed to gain the support needed to pass. +The ENS Meta-Governance Working Group is now using the June 2024 funding window to request the Q1/Q2 funding to cover operations until the next funding window in September 2024. + +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](https://docs.ens.domains/v/governance/governance-proposals/term-1/ep12-working-group-rules)) and further required by [this snapshot proposal in Nov. 2023 modifying steward rules.](https://snapshot.org/#/ens.eth/proposal/0x26a5c8dec547837495707e70446d1e7cd874a91f75753c602998f6e70083a266) If this proposal is passed, the funding request will be included in a collective executable proposal put forward by all three Working Groups. + +## Specification + +This specification is the amount requested from the DAO treasury to the Metagov Multisig to fulfill anticipated budgetary needs through September 2024. + +| | USDC | ETH | $ENS | +| --- |:----:|:---:|:----:| +ENS Meta-Gov Main Multisig | 374k | 0 | 150k | + +## Description + +### Current Metagov Wallet Balances (May 25th, 2024) + + + +| | USDC | ETH | $ENS | +| --- |:----:|:---:|:----:| +ENS Meta-Gov Main Multisig | 199k | 83.7 | 15k | +*Updated Balance information can be found at https://enswallets.xyz + + +## Expenditures + +Meta-Gov sets aside funds to ensure coverage for mission-critical 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 in Q1/Q2 2024 + +| | USDC | ETH | $ENS | +| -------------------------------- | ----------- | --- | ----- | +| Steward + Secretary Compensation | 294,000 | - | | +| Governance | 50,000 | 5 | 105k | +| DAO Tooling | 140,000 | - | - | +| Discretionary | - | 10 | - | +| **Total Balance** | **484,000** | **15** | **105k** | + +### Governance Distributions +| Recipient Category | Amount of $ENS | Method | +| --------------------------- | -------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | +| Contributors and Developers | 60k | Vesting contracts | +| Elected Stewards | 90k | A change to 90k and vesting contracts was required to comply with the vesting process described in [[EP5.8](https://snapshot.org/#/ens.eth/proposal/0x1f328fd1fda5f3cabfdace3e521403def7ad41b0b0582e27334c135cd23c511d)] | + + + +### Description of Initiatives/Pods + +- **Steward + Secretary Compensation**: Working Group Steward and Secretary compensation as required by [revised steward working group rules](https://snapshot.org/#/ens.eth/proposal/0x26a5c8dec547837495707e70446d1e7cd874a91f75753c602998f6e70083a266) and [totaling $294,000 USDC to cover the costs for all 9 stewards and supporting roles for a 6 month period](https://discuss.ens.domains/t/ens-dao-steward-compensation/18063). +- **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. The $ENS distributions to stewards and service providers falls into this catagory. +- **DAO Tooling**: Developing interfaces and dashboards to improve the governance process and increase transparency across the DAO. An example of DAO tooling spend is our current engagement with Agora as they help build out an enhanced DAO proposal flow to streamline the proposal process. +- **Discretionary**: Funds distributed at the discretion of stewards towards new initiatives + governance experiments. In this cycle, we've consolidated the former DAO Sponsorship category into this discretionary category. + + +## Conclusion + +This funding request will allow the ENS Meta-Governance Working Group to continue its essential work in providing governance oversight, supporting the management and operation of working groups, and ensuring effective treasury management for the DAO. The requested funds will enable us to maintain our ongoing initiatives and develop new tools to enhance the governance process. We are grateful for the community's ongoing support and engagement, which is crucial to the success of the ENS DAO. The Meta-Governance Working Group remains committed to serving the ENS community and driving the long-term growth and sustainability of the ecosystem. \ No newline at end of file