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Adding Term 5 October Funding Window requests (#337)
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Co-authored-by: Greg Skriloff <[email protected]>
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estmcmxci and gskril authored Oct 22, 2024
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15 changes: 15 additions & 0 deletions app/local/config/navigation/protocol.ts
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Expand Up @@ -405,6 +405,21 @@ export const navigation: SectionData[] = [
{
title: 'Proposals Term 5',
links: [
{
// eslint-disable-next-line prettier/prettier
title: '5.17.3 - [Social] Funding Request: ENS Public Goods Working Group',
href: '/dao/proposals/5.17.3',
},
{
// eslint-disable-next-line prettier/prettier
title: '5.17.2 - [Social] Funding Request: ENS Ecosystem Working Group',
href: '/dao/proposals/5.17.2',
},
{
// eslint-disable-next-line prettier/prettier
title: '5.17.1 - [Social] Funding Request: ENS Meta-Governance Working Group',
href: '/dao/proposals/5.17.1',
},
{
// eslint-disable-next-line prettier/prettier
title: '5.16 - [Executable] Reimbursement of ENS Labs’ legal fees in eth.link litigation',
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2 changes: 1 addition & 1 deletion docs/dao/proposals/1.8.mdx
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Expand Up @@ -11,7 +11,7 @@ export const meta = {
}
};

# [EP1.8] [Social] Working Group Rules |
# [EP1.8] [Social] Working Group Rules

_Note: This was previously numbered EP12._

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78 changes: 78 additions & 0 deletions docs/dao/proposals/5.17.1.mdx
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{/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */}
export const meta = {
description: 'This social proposal requests $254k USDC for operations through April 2025, covering compensation, tools, and resources for governance.',
emoji: '📖',
contributors: [
'5pence.eth'
],
proposal: {
snapshot: '0x0f906ef744da4aace051305dff824fe7b000814f23af36f037f0dd23a1a94f98',
discourse: 'https://discuss.ens.domains/t/5-17-1-social-funding-request-ens-meta-governance-working-group-term-5-oct-window/19677?',
type: 'social'
}
};

# [5.17.1] [Social] Funding Request: ENS Meta-Governance Working Group Term 5 (Oct. Window)

## Abstract

The Meta-Governance Working Group is responsible for providing governance oversight and supporting the management and operation of working groups through DAO tooling and governance initiatives as well as treasury management for the DAO.

This social proposal is submitted to satisfy the requirements set out in Rule 10.1.1 of the Working Group Rules ([EP 1.8](/dao/proposals/1.8)) and further required by [this snapshot proposal in Nov. 2023 modifying steward rules](https://snapshot.org/#/ens.eth/proposal/0x26a5c8dec547837495707e70446d1e7cd874a91f75753c602998f6e70083a266). If this proposal is passed, the funding request will be included in a collective executable proposal put forward by all three Working Groups.

## Specification

This specification is the amount requested from the DAO treasury to the Metagov Multisig to fulfill anticipated budgetary needs through the next formal funding window in April 2025.

| | USDC | ETH | $ENS |
|----------------------------|------|-----|------|
| ENS Meta-Gov Main Multisig | 254k | 0 | 0 |

This amount will cover all expected expenses outlined below while leaving a 100k prudent reserve to ensure continuity if future funding is delayed.

## Description

**Current Metagov Wallet Balances**

| | USDC | ETH | $ENS |
| -------------------------- | ---- | ---- | ---- |
| ENS Meta-Gov Main Multisig | 286k | 83.7 | 51 |

\*Up to date balance information can be found at https://enswallets.xyz

## Expenditures

Meta-Gov sets aside funds to ensure coverage for mission-critical initiatives. While we strive to estimate term expenditures accurately, the final spending depends on pending initiatives.

### Expected Expenses through April 2025

| | USDC | ETH | $ENS |
| ---------------------------------- | ---- | --- | ---- |
| Steward + Secretary Compensation ¹ | 294k | - | - |
| Governance | - | - | - |
| Contract Audits | 155k | - | - |
| DAO Tooling | 150k | - | - |
| Discretionary | 40k | - | - |
| Total Balance | 639k | - | - |

### Governance Distributions
The governance distribution strategy for Term 6 will be announced and posted as a temp check in the forum. This strategy will then be codified by a DAO vote.

### Description of Initiatives/Pods

**Steward + Secretary Compensation**: Working Group Steward and Secretary compensation as required by [revised steward working group rules](https://snapshot.org/#/ens.eth/proposal/0x26a5c8dec547837495707e70446d1e7cd874a91f75753c602998f6e70083a266) and [totaling $294,000 USDC to cover the costs for all 9 stewards and supporting roles for a 6 month period](https://discuss.ens.domains/t/ens-dao-steward-compensation/18063).

¹This is the expected compensation amount based on existing compensation. The Meta-governance working group is required by [EP 4.8](https://docs.ens.domains/dao/proposals/4.8) to announce compensation ahead of the next term's steward nominations. **The current Term 5 stewards will also be proposing Term 6 compensation numbers to the DAO to ensure consensus. This proposal will take place before the Term 6 nominations to comply with [EP 4.8].**

**Governance**: Fee reimbursements and initiatives related to reducing friction in the governance process. This can also include $ENS distributed in order to lower barriers to the governance proposal process. The $ENS distributions to stewards and service providers falls into this category.

**Contract Audits**: Meta-governance maintains a balance to be used for contract audits. These audits are performed independently on contracts that are to be included in executable proposals if those contracts impact or affect any ENS protocol or ENS DAO contracts or processes. Examples would be any proposed changes to the ENS DAO governor contract or protocol related contracts such as the registrar.
This line item is larger than normal because Meta-governance is anticipating potential audits for both governor upgrades and contracts from Service Providers that are contributing to the ENS v2 work.

**DAO Tooling**: Developing interfaces and dashboards to improve the governance process and increase transparency across the DAO. An example of DAO tooling spend is our current engagement with Agora as they help build out an enhanced DAO proposal flow to streamline the proposal process.

**Discretionary**: Funds distributed at the discretion of stewards towards new initiatives + governance experiments. In this cycle, we've consolidated the former DAO Sponsorship category into this discretionary category.

## Conclusion

This funding request will allow the ENS Meta-Governance Working Group to continue its essential work in providing governance oversight, supporting the management and operation of working groups, and ensuring effective treasury management for the DAO. The requested funds will enable us to maintain our ongoing initiatives and develop new tools to enhance the governance process. We are grateful for the community's ongoing support and engagement, which is crucial to the success of the ENS DAO. The Meta-Governance Working Group remains committed to serving the ENS community and driving the long-term growth and sustainability of the ecosystem.
88 changes: 88 additions & 0 deletions docs/dao/proposals/5.17.2.mdx
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{/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */}
export const meta = {
description: 'This social proposal requests $836k USDC for ecosystem initiatives, including grants, hackathons, and partnerships.',
emoji: '📖',
contributors: [
'slobo.eth'
],
proposal: {
snapshot: '0xfe303865510b5ef7fabee2bcbd5081afa01f276195f57e1561ff27c477459984',
discourse: 'https://discuss.ens.domains/t/5-17-2-social-funding-request-ens-ecosystem-working-group/19678/2',
type: 'social'
}
};

# [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](https://docs.ens.domains/v/governance/governance-proposals/term-1/ep12-working-group-rules)). 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](https://etherscan.io/address/0x2686a8919df194aa7673244549e68d42c1685d03) | 836,000 | -- | -- |

## Description

### ENS Ecosystem Multisig Balances - As of October 4, 2023

The ENS Ecosystem Working Group multisigs:

| Multisigs | USDC | ETH |
| :--------------------------------------------------------------------------------------- | -------: | -------: |
| [Main Multisig](https://etherscan.io/address/0x2686a8919df194aa7673244549e68d42c1685d03) | 82k | 81.7 |
| [IRL](https://etherscan.io/address/0x536013c57daf01d78e8a70cad1b1abada9411819) | 21k | - |
| [Hackathon](https://etherscan.io/address/0x9b9c249be04dd433c7e8fbbf5e61e6741b89966d) | 22k | 9.8 |
| [Newsletter](https://etherscan.io/address/0x13aEe52C1C688d3554a15556c5353cb0c3696ea2) | 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](https://discuss.ens.domains/t/term-5-grants-summary/18921), [Gitcoin rounds](https://discuss.ens.domains/t/gg20-ens-identity-round-conclusion/19301), and [ENS subgraph](https://discuss.ens.domains/t/ens-subgraph-migration-to-the-decentralised-version/19183/4) subsidization. |
| Bug Bounty | Supports the official bug bounty program of ENS administered by [immunefi](https://immunefi.com/bug-bounty/ens/information/). |
| Library Support | Support open-source libraries that ENS depends on, either directly or through a program such as [drips](https://blog.ens.domains/post/supporting-software-dependencies-with-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](https://discuss.ens.domains/t/ens-dao-newsletter-70-09-24-24/19621). |

### Historical Spending

For historical spending consult the spending reports for [Q1](https://discuss.ens.domains/t/term-5-working-group-spending-summary-2024-q1/19146) & [Q2](https://discuss.ens.domains/t/term-5-working-group-spending-summary-2024-q2/19449), which are released within 30 days after the end of each quarter.

---

_This proposal was prepared by [slobo.eth](https://x.com/AlexSlobodnik), Lead Steward of the Ecosystem Working Group._
78 changes: 78 additions & 0 deletions docs/dao/proposals/5.17.3.mdx
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{/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */}
export const meta = {
description: 'This social proposal requests $236k USDC for grants, events, hackathons, and bounties supporting Web3 infrastructure',
emoji: '📖',
contributors: [
'simona.eth'
],
proposal: {
snapshot: '0xafb1325f49057dd20fabf2908531da93565172525309a0a3a914daa7f773b0c6',
discourse: 'https://discuss.ens.domains/t/5-17-3-social-funding-request-ens-public-goods-working-group/19679',
type: 'social'
}
};

# [5.17.3] [Social] Funding Request: ENS Public Goods Working Group

## Abstract

The ENS Public Goods Working Group requests funding to support operations until the next funding window in April 2025.

The Public Goods working group funds projects and builders improving the Web3 ecosystem. This funding stream is authorized in Article III of the ENS DAO Constitution. The funding supports initiatives related to open-source software, tooling, research and any practical implementations that broadly benefit a wide range of users of Ethereum and Web3.

The funds requested extends current need through to next term to ensure that next season’s stewards have some available funding before the next funding window available.

The total request in this proposal is 226k USDC to be transferred from the DAO wallet to the Public Goods Working Group.

## Specification

This specification is the amount requested from the DAO treasury to the Public Goods Multisig to fulfill anticipated budgetary needs through the next formal funding window in April 2025.

![](https://ipfs.punkscape.xyz/ipfs/bafkreigs2h6fb5zpnsep76k3qejqlcwz757bgsl3vjsn7muvvgigta5q7a)
![](https://ipfs.punkscape.xyz/ipfs/bafkreictfvsa3fq2xv3rnnlnqdulphsq5d7s5eybiyvbjnqz5umqstsewu)

Of these funds, 256k is allocated to large grants builders and initiaves through to the end of 2024. This leaves approximately 89k USD and 29.5 Ether unallocated and available to be rolled into the next term.

![](https://ipfs.punkscape.xyz/ipfs/bafkreigv5qvxcs7u7hhoj3lrwzp2hsikjasugtuwe7bepobjz6bhvg5nby)

**Note #1:** To ensure grantees have consistency, the funds requested for this category carry the program to Q3 which is an exception from the other spending categories which plan only through April 2025.

**Note #2:** The PG Working group budget request is in USDC only; our balance of ETH will rollover to next term, but it will be left to future stewards discretion to swap it, keep it or return it to the treasury.

![](https://ipfs.punkscape.xyz/ipfs/bafkreihplgibqq5zdwvy7eqksvue753a76tmtpkvicitirfazle3wpbyy4)

Subtracting the 89k available to rollover from 2024, the unmet need is 226k USDC which is the sum total to be included as the specification of this funding request.

## Spending Categories Explained

### Builder Grants

This new category consolidates the exisiting Large and Small grants under one category and program title. The Public Good working group has been working with a provider to create a unified platform which will be announced during frENSday in Bangkok on 11/11/2024. To ensure grantees have consistency, the funds requested for this category carry the program through to Q3 which is an exception from the other spending categories which plan through to April 2025.

- **Small Grants**
Multiple micro-grants will be distributed to builders via the Builder Grants platform to be launched. We have added the amount expected to spend in the next 5 months with the same amounts distributed in the last rounds.

- **Large Grants**
Grants up to 50k USDC with applications accepted on a rolling basis throughout the term. Large Grants will continue in Q4. The working group will continue to focus on strengthening impact measurements accomplished by grantees during the previous Large Grants cycle.

### PG Perpetual Bounty

Launched during ETHLondon in March 2024, this is a perpetual pool of funds that is available to builders who are developing projects which align with the principles of public goods in the web3 space.

This funding pool is available at any time, but also marketed specifically towards builders who are not eligible for ENS-related bounties during hackthons, but deserve support for their public goods mission.

### Events and Hackathons

The working group provides support to Public Goods events and hackathons. These funds cover expenses related to event sponsorship, bounties, judging and other participatory support roles during events.

**The current earmarked events are:**

- ETHGlobal Bangkok
- Devcon
- ETHDenver 2025

\*This list is not set as several events are still in planning stages for Q1 of 2025. The PG stewards continuously assess opportunities for expanding the public goods conversation and collaborations.

### Discretionary

The funds in this category are reserved for additional grant opportunities and expenses that arise during the term. Spending in this category is at the discretion of the working group stewards.

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