[5.17.2] [Social] Funding Request: ENS Ecosystem Working Group

Abstract

The ENS Ecosystem Working Group requests funding of 836,000 USDC to support operations through April 2025. This is the only funding request of Term 5.

The ENS Ecosystem Working Group is responsible for growing and improving the ENS Ecosystem by funding builders and projects that are ENS-specific or ENS-centric.

This social proposal is submitted to satisfy the requirements set out in Rule 10.1.1 of the Working Group Rules (EP 1.8). If this proposal is passed, the funding request will be included in a collective executable proposal put forward by all three Working Groups.

Specification

	USDC	ETH	$ENS
ENS Ecosystem Main Multisig	836,000	--	--

Description

ENS Ecosystem Multisig Balances - As of October 4, 2023

The ENS Ecosystem Working Group multisigs:

Multisigs	USDC	ETH
Main Multisig	82k	81.7
IRL	21k	-
Hackathon	22k	9.8
Newsletter	4k	-
Total	129k	91.5

Reserved for Initiatives

Ecosystem reserves amounts to make sure we can cover initiatives that are important. Reserving is not the same as spending it. For example, we are reserving 100k for the bug bounty program. The actual spend will depend on what, if any, bugs are discovered.

Initiatives	USDC	ETH
Hackathon	300k	-
Grants	200k	10
Library Support	100k	-
Bug Bounty	100k	-
Audit Support	100k	-
IRL	50k	-
Support	15k	-
Reserved Total	865k	10

Reconciliation

Initiatives	USDC	ETH
Current Balance	129k	91.5
Reserved	(865k)	(10)
Buffer	(100k)	(81.5)
Total	(836k)	-

Ecosystem WG is requesting 836,000 in USDC and zero ETH. This request ensures that there are sufficient resources to meet the expected future needs of the ecosystem working group. Buffer is an additional reserve to cover unforeseen expenses or opportunities.

Initiatives Description

Initiative	Description
Hackathons	For our main partner, ETHGlobal, payments are made in December for the following calendar year. We anticipate participating in at least 7 events.
Grants	Grants consist of builder grants, Gitcoin rounds, and ENS subgraph subsidization.
Bug Bounty	Supports the official bug bounty program of ENS administered by immunefi.
Library Support	Support open-source libraries that ENS depends on, either directly or through a program such as drips.
Audit Support	Provide funding for auditing smart contracts that have significant prominence in the ecosystem or are expected to see widespread use.
IRL	Funding relates to events that coincide with conferences, such as ethCC & Devcon.
Support	Support mods for social platforms, technical and non-technical educational content and the newsletter.

Historical Spending

For historical spending consult the spending reports for Q1 & Q2, which are released within 30 days after the end of each quarter.

This proposal was prepared by slobo.eth, Lead Steward of the Ecosystem Working Group.

start

October 9, 2024

5:12 PM

end

October 14, 2024

5:12 PM

Voting

off-chain

Voting type

basic

Voters

Votes

1,437,983

Final Votes

closed

For

1.4M ENS (delegated)

99.5%

Against

0 ENS (delegated)

Abstain

7.3K ENS (delegated)

0.5%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

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TICKER

100%

Choice label

TICKER

100%