ENS Governance Reform Sparks Chaos After Founder Blocks Security Council Vote
Covered by 3 sources · 3 articles
3 outlets - including Cryptopolitan, Cryptobriefing and Crypto-economy - are covering this story. Christoph Jentzsch, a veteran Ethereum developer with no formal ENS governance role, has proposed shutting down the ENS DAO entirely. The treasury would be better handled if it were in the hands of an outside steward, according to Jentzsch.…
All coverage
Christoph Jentzsch proposes dissolving ENS DAO after founder blocks Security Council vote
Christoph Jentzsch, a veteran Ethereum developer with no formal ENS governance role, has proposed shutting down the ENS DAO entirely. The treasury would be better handled if it were in the hands of an outside steward, according to Jentzsch.…
ENS co-founder Nick Johnson blocks Security Council renewal with 80% vote
The event highlights the risks of concentrated voting power in DAOs, emphasizing the need for balanced governance to protect assets.
ENS Governance Reform Sparks Chaos After Founder Blocks Security Council Vote
TL:DR: The founder of ENS used approximately half of the protocol’s active voting power to block an on-chain proposal to renew the Security Council. The ENS DAO treasury holds about $350 million in total assets, which drops to $88 million i…