ENS DAO Proposes Establishment of a Full-Time Operations Foundation, Plans to Allocate 1 Million ENS for Employee Salaries

Odaily reports that ENS DAO has published a new proposal on the X platform, aiming to establish a full-time operations foundation and set up a five-person board of directors responsible for managing the endowment fund.

According to the proposal, ENS DAO plans to allocate 1 million ENS tokens for the foundation’s employee salaries. Token holders will retain control over the protocol, including ENS held by the DAO, operational wallets, and the authority to appoint and remove foundation directors.