- ENS DAO is facing a governance crisis over a proposal to delegate control of its $350M+ treasury to the ENS Foundation.
- Critics, including the original constitution author, fear this centralizes power away from tokenholders, despite the Foundation's operational efficiency arguments.
- The outcome of the on-chain vote will significantly impact trust and the perceived value of governance rights for tokenholders.
Topics: Institutional adoption, Legal regulatory, Scalability, Asset manager initiatives, Securities law classification, Growth metrics
Tags: #ensdao #treasurycontrol #governancecrisis #ensfoundation #tokenholders #founderinfluence #brantlymillegan #nickjohnson #operationalcontrol #vetopower
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