The Ethereum Name Service (ENS) community has approved a proposal to sell 10,000 Ethereum (ETH) from the DAO’s treasury to fund the project’s activities over the next 18 to 24 months.
For project expenses that Ethereum Name Service provides to the Decentralized Autonomous Organization (DAO) side 10 thousand ETH The offer to sell was accepted. January 18Within the scope of this proposal, which was put to vote in 89%He voted in favor of the proposal.
Aforementioned 10,000 ETH, decentralized cryptocurrency exchange (DEX) protocol CoW Swapwill be liquidated and approximately $13 million worth of USDC It will be transferred to the DAO’s vault.
Most of the funds raised ENS Labs made by will go to meet the daily expenses. Singapore-based ENS project developer, daily from DAO 11,500 USDC receives a flow. This spending bill for two years $8.4 million will reach.
In addition, another usage area of the collected funds will be the expenses of the working groups. ENS DAO already has three to support key working groups The proposed budget is the future of these working groups. up to $6 million in two years shows that you can make a request.
Currently in the DAO’s treasury about 67 million worth a dollar 40,746 ETH And $2.46 million USDC exists.