Five Bullet Friday
Everything happening in the ENS DAO — in five bullet points.
FireEyes kicks off DAO retrospective
Proposal Live: Run a retrospective on DAO spending, outputs, goals, and accountability.
If passed, Steward terms extend for four months, suspending elections until an onchain vote or until the retro concludes and informs the next SPP cycle.
Vote here: snapshot.org/#/s:ens.eth/pr…
Haven't had enough? Check out the Working Group Meeting Minutes:
Want to get started with ENS DAO?
The ENS DAO Dashboard has everything you need to explore, participate, and find your way around.
ENS DAO Newsletter — Nº 101 ✧
New @fireeyesgov proposal: a 4-month, data-driven retrospective on DAO spending, impact, and effectiveness.
Meta-Governance has arranged a new fee structure with @kpk_io. Celo.eth dWebsites now live via @webhash_eth.
paragraph.com/@ensdao/101
That's all, thanks for reading! 👋
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ENS DAO Newsletter #101
11/21/25
Welcome
New editions — Bi-weekly on Tuesdays
Previous editions — Archived on the Forum
New proposals — Updates via Telegram
Submit your updates! — project updates wanted!
Working Group Bulletin
Term 6 Lead Working Group Stewards + Secretary Appointment
Meta-Governance – @netto.eth
Ecosystem – @slobo.eth
Public Goods – @simona_pop
DAO Secretary - @limes
The responsibilities of the Lead Stewards & Secretary are set out in Rule 9.8 and Rule 9.9 of the Working Group Rules.
Calendar
Refer to the official ENS DAO Calendar for meeting links and times. Any other sources are not guaranteed to be accurate. Access the ENS Calendar here.
Proposals
ENS DAO Collective Funding Snapshot (Term 6)
All three Working Group budget proposals are passing with strong support in the current funding window:
Meta-Gov: 379K USDC — 91.8% approval
Ecosystem: 470K USDC — 100% approval
Public Goods: 110K USDC + 15 ETH — 99.5% approval
More information → Proposal Bulletin
Updates from ENS Labs
How ENS is Approaching ICANN’s gTLD Expansion Program
ENS is preparing for ICANN’s rare 2026 gTLD expansion. ENS may apply for .ens as a protected .brand to strengthen security, prevent namespace misuse, and deepen ENS–DNS integration. The future naming layer of the internet is increasingly ENS-enabled.
Learn more → ENS Blog
Minding the Decentralized Gap
Early hacker culture and Ethereum share deep roots in cryptography, privacy, open source, and computing freedom. Alex Urbelis argues it’s time to bridge the divide: blockchain builders need hackers, and hackers need decentralized infrastructure to reclaim the internet’s values.
Read → ENS Blog
Namechain Is Moving to Surge
ENS is migrating Namechain to Nethermind’s Surge, a based rollup built on Taiko—supporting Ethereum-native sequencing, fast finality, and censorship resistance. A Stage-1 launch with a path to Stage-2.
Learn more → Moving Namechain to Nethermind’s Surge
Temperature Checks
ENS DAO Retrospective Proposal
A temp check to run a 4-month, data-driven review of ENS DAO spending, impact, goals, and working group effectiveness. Aims to set clearer accountability standards and guide future funding, governance cycles, and service provider decisions.
Review → ENS Retro: An ENS DAO Retrospective
Creation of on.eth for Cross-Chain Registry
A new proposal seeks to register on.eth as the base for a Chain Resolver, enabling trustless, on-chain mapping of blockchain names (e.g. optimism.on.eth). It replaces off-chain lists, supports ERC-7930/7828 standards, and strengthens ENS as Web3 infrastructure.
Review → Registration of on.eth
Endowment Permissions Update
Routine update expanding diversification into Morpho + Fluid lending markets while removing an outdated permission. Adds support for EURC + GHO approvals and new curated vaults — aligned with IPS risk tolerance. On-chain vote to follow pending Meta-Gov review.
Review → Endowment Permissions Update #7
DAO-Wide Headlines
ENS Q3 2025 Revenue Report
ENS reported $7.18M in total revenue for Q3 2025 — up from $6.28M YoY. The quarter saw $4.5M in registrations, $1.63M in premium sales, and $1.04M in DeFi returns, bringing total annual revenue to $22.1M. August was the strongest month, driven by premium renewals.
View the Report → ENS Revenue Report
ENS Labs Q3 2025 Progress Report
ENS Labs delivered major progress on ENSv2, completing 80% of core contracts and launching the L2 Primary Name App across major rollups. With 1.6M+ active names and new ecosystem integrations, Q4 will focus on audits, migration prep, and DevConnect demos.
View the Report → Q3 Progress Report
ENS DAO Q3 2025 Spending Report
Total Q3 spend: $627K across all working groups.
Ecosystem WG: $112,893 USDC + 3 ETH for grants, hackathon sponsorships (ETH Accra, ETH Rome), ENS Cannes event, and Devconnect prep.
Meta-Gov WG: $207K USDC for steward pay, ops, and a $60K grant to LighthouseGov.
Public Goods WG: $207,678 USDC + 10 ETH funding Vyper, Argot, ICANN advocacy, and builder grants.
ENS token distributions: 900 ENS (Ecosystem) and 21,637 ENS (Meta-Gov) via Hedgey vesting.
Read the report → ENS Working Group Spending Summaries
Requests For Comment
Target Allocations for Endowment
kpk.eth are seeking input on the Endowment’s 60/40 ETH–stablecoin target, risk appetite, and rebalancing approach under the Investment Policy Statement. Current policy: bi-weekly 1,000 ETH tranches and 3+ years runway in stables (~$45M). Feedback will inform Meta-Gov discussions.
Review → Target Allocations for Endowment
OS Contributions
Celo.eth × Webhash: Web3 Sites Live
Celo.eth domains can now launch decentralized, permanent websites in one click — powered by IPFS + Filecoin. If you own a Celo name, your Web3 presence is instantly live and censorship-resistant. Building on Celo just got way easier.
Vibe dWebsite Builder Launch
Webhash rolls out the Vibe Website Editor — a fast, no-code/low-code way to build and publish decentralized sites for your ENS names. Perfect for creators who love experimenting and going live on Web3 in minutes.
Aerodrome × Safe Integration Live
Safe multisigs can now connect directly to Aerodrome via decentralized ENS domains. Just add the custom Safe App using aero.drome.eth.limo / .link, or pair via WalletConnect. A simpler, trustless way to manage liquidity with your Safe.
Ethereum Identity Stack: Past → Future
At Devconnect, Brantly.eth traced digital identity from 70s public-key crypto and cypherpunks, through Bitcoin + Namecoin, to ENS and Sign-in-with-Ethereum — showing how decentralized identity has evolved and where it’s heading next.
eth.limo Testnet Proxy
Need to showcase IPFS-hosted ENS sites on Sepolia? A quick proxy (*.s.raffy.eth) now lets you resolve testnet contenthashes via eth.limo — perfect for hackathons + dWeb experiments. → raffy.eth.s.raffy.eth.limo/ reads raffy.eth contenthash on sepolia.
Basenames on Base Sepolia
@estmcmxci developed a full client-side tool to register and manage Basenames (basetest.eth subnames) on Base Sepolia — now with complete ENSIP-5 support. Check availability, register, set records, resolve addresses, and query in one UI, deployed via IPFS/ENS.
Try it → https://v12.oakgroup.eth.link
basenames-cli: Basenames from your IDE
@estmcmxci developed basenames-cli. Based on the Atlas CLI, it lets you manage Basenames on Base straight from your terminal/IDE: register names, resolve, edit and verify records in one tool. Open source on GitHub for anyone wiring Basenames into apps and workflows.
Github Repo → Basenames CLI
Organizational Metadata on ENS — Status Update
ENS is standardizing DAO/org metadata via simple text-record subnames (cheap, flexible, backward-compatible). Initial design pivot complete; draft spec + PoC coming next with ecosystem feedback + adoption push.
pretty-ens: Find Available ENS Names
CLI tool to quickly scan for open .eth and .box domains. Just run pretty-ens to see what’s free — perfect for domain hunters and devs grabbing names fast. Install via cargo install pretty-ens.
ENS Holiday Awards Referral Trial
December-only pilot: $10K USD in ENS rewards for referred .eth registrations/renewals. Open to all; leaderboard boosts payouts. Run by NameHash Labs to test a broader ENS Referral Program before scaling to $50K across SPP2.
Meta-Governance
The Meta-Governance Working Group provides governance oversight and support for working group operations through DAO tooling and governance initiatives.
Term 6 Meta-Governance Stewards:
Meeting Minutes:
ENS Endowment: October 2025 Financial Report
October saw broad crypto de-risking: BTC –13.5%, ETH –23.8%, with liquidations driving volatility. ENS fell 27.7% but volume rose to 12.78M ENS. Endowment AUM $133.4M (≈68% ETH / 32% stables), $367K yield, –$7.26M MTM on ETH decline.
Review → Endowment Report
ENS Financial Report — October 2025
ENS reports $1.8M revenue, $0.7M cash inflow, and $1.3M normalized cash burn, with 143 months runway. Endowment down $6.4M from ETH mark-to-market, with $131.9M assets split across ETH and stablecoins. Treasury reserves total $187M.
Read the report → Protocol Economics
Update on ENS Endowment Fee Structure
A new fee model for the ENS Endowment changes the current structure from 0.5% AUM (capped at $100 M) + 10% performance fee on yield to a decaying AUM-only fee structure — base 0.5% stays until $100M, then fee rate declines as AUM grows; performance fees are eliminated entirely.
The change improves alignment with ENS’s conservative investment policy, simplifies cost predictability and auditing, and — based on simulations — lowers total fees by roughly 40% over the past 12 months.
Review → Update on Endowment Fee Structure
Ecosystem
The Ecosystem Working Group strengthens the ENS Protocol by facilitating developer relations, identifying and funding high-potential projects that enhance ENS, and supporting ENS-aligned initiatives.
Term 6 Ecosystem Stewards:
Meeting Minutes:
Scendex: Onchain Music Curation
Scendex.basestest.eth, developed by @estmcmxci. is a decentralized archive for music releases on Base, using Basenames + IPFS + 0xSplits + Safe multisig. Artists publish censorship-resistant releases with ENS subnames as permanent, queryable records.
Public Goods
The Public Goods Working Group supports the Ethereum ecosystem by identifying and funding open-source development.
Term 6 Public Goods Stewards:
Meeting Minutes
ENS PG Funds Phantom Zone
ENS Public Goods WG approved 25k USDC for Phantom Zone to advance privacy tech (FHE + encrypted execution). Co-funded with EF. Work underway on Poulpy + Phantom VM, with progress updates expected as core crypto infra matures.
ENS PG Funds DRC
ENS Public Goods WG granted 150k USDC (with matching ≈300k total) to the Decentralization Research Center to advance pro-decentralization policy, research, and advocacy. [Quarterly reporting ongoing] as ENS monitors real-world regulatory impact.
Interop Research Grant
Grant approved to explore ENS interoperability + universal resolution. Deliverable TBD (report or knowledge platform). Focus: mapping prior work and challenges of decentralized, trustless cross-system name resolution.
Note: Posts older than 4 weeks are archival—browse cautiously, as links may be outdated or compromised.
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Thank you for reading! Goodbye. 👋
Five Bullet Friday
Everything happening in the ENS DAO — in five bullet points.
Discussion on consolidating and/or evaluating the DAO
Haven't had enough? Check out the Working Group Meeting Minutes:
Want to get started with ENS DAO?
The ENS DAO Dashboard has everything you need to explore, participate, and find your way around.
ENS DAO Newsletter — Nº 100 ✧
@namespace_eth launched @celo subnames, and @nounsdao’s contract naming proposal is now queued for execution.
@schmidsi demoed @filecoin’s new onchain cloud solution, and @kpk_io published its October endowment report. paragraph.com/@ensdao/100
That's all, thanks for reading! 👋
