ENS tokenholders voted to grant the ENS Foundation administrative control of a $65M endowment and establish a five-member board.
Regulation & Gov ·
ENS tokenholders approved a governance vote granting the ENS Foundation administrative control over a $65 million endowment. The vote also authorized the establishment of a five-member board tasked with financial oversight and decision-making authority for the endowment's deployment.
The shift moves management of the fund from its prior structure to a centralized foundation-led model. The five-member board structure introduces a governance layer between tokenholders and direct endowment allocation, creating clear fiduciary responsibility for the capital.
The specifics of how the board will allocate funds, the timeline for initial distributions, and any conditions on endowment use remain unclear from the available reporting.