ENS tokenholders vote to give Foundation control of $65 million endowment
ENS tokenholders approved a proposal to hand administrative control of the $65 million endowment to the ENS Foundation, transforming it into a fully operational organization with a five-member board and financial authority, according to The Block.
The proposal passed with 1.27 million ENS votes in favor and 480,690 opposed, The Defiant reported. Co-founder Alex Van de Sande voted against the measure after analyzing the executable code, warning that the DAO would lose control over the endowment’s decision chain.
Sources: The Defiant, The Block
This article is for information only and is not financial advice.
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