The infighting within ENS governance has escalated, with one of its co-founders proposing to delegate 5 million ENS tokens to dilute the voting power of a single large holder.
1 hours ago
ENS co-founder Alex Van de Sande has proposed delegating 5 million ENS tokens from the ENS DAO’s idle community treasury to individual participants to reform DAO governance. Currently, a single delegate holds enough voting power to reach quorum, pass any proposal, and outvote the combined total of the next 50 delegates. The proposal comes amid ongoing governance disputes within the ENS DAO. Earlier, ENS Labs proposed transferring the DAO’s operational wallet, ENS holdings, and endowment to a five-person board, sparking accusations of "treasury capture". Van de Sande noted that the delegated tokens remain the DAO’s property and cannot be sold by participants. The proposal is seen as a direct response to the excessive concentration of voting power in ENS. (The Defiant)
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