Not entirely unsurprising to those who’ve been participating in DAOs in the past.
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1/ Once hailed as a replacement for corporate structures, DAOs are in retreat.
ENS just proposed handing its $354mn treasury to a foundation board, arguing token voting is "structurally good" at protocol stewarding but "structurally incredibly bad" at running an organization.
Tension around ENS escalates as delegates call Foundation proposal a "governance attack"
more here:
https://t.co/HfPzL2XCia
@LefterisJP @ENS_DAO we did:
https://t.co/QlD0BMGiTj
ENS DAO @ensdomains is voting on a major governance shift: handing treasury control and grants administration to an expanded ENS Foundation while retaining protocol authority. The temp check launched Friday.
@nicksdjohnson said he'll vote for the proposal
@BrantlyMillegan posted a sharp dissent
Read more here:
https://t.co/q14XWsHhSs
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