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All proposals →Closing the Books: An Exit Memo on $7,000 of Public Capital, and the Cheapest Due Diligence ENS Ever Bought
I coded all seven published funding records: $5,928 allocated across 77 proposals, $1,072 held back, median award falling from $39 to $11, capital repricing from opinion to verifiable fact. A closing verdict on ENS's future and one final ask: score the experiment itself.
in ENS Governance6d ago
The Fourth Line's Answer: One DAO-Appointed Audit Instead of Nineteen Self-Reports
Who Checks the Fact counted nineteen mechanisms that read the Foundation's own account of itself. This supplies the missing check: one annual independent audit, appointed, rotated and paid by the DAO, scoped to the facts those mechanisms read, with the management letter published in full.
in ENS Governance8d ago
The Payroll Can Vote: The 1,000,000 ENS Compensation Transfer Equals the Quorum, and Nobody Has Sterilized It
The executable transfers 1,000,000 ENS to the Foundation for employee compensation. Quorum is 1,000,000 ENS. No proposal in this gathering says whether those tokens can vote, delegate, or when they sell. Amendment: a non-voting vesting escrow, a published disposal policy, clawback on lapse.
in ENS Governance8d ago
Earn the Vault: An IPS, a One-Year Stage-Gate, and a Mandate That Expires Unless Renewed
Support the Foundation, amend the path: ratify an Investment Policy Statement, transfer only a run-rate operating budget, pre-register a 12-month scorecard. The mandate expires by default at month 12 unless renewed on results. Full treasury transfer is Phase 2 — earned, not assumed.
in ENS Governance13d ago
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