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Introducing EP 5.24 Into Governance Docs (#356)
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Co-authored-by: Greg Skriloff <[email protected]>
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5ajaki and gskril authored Nov 17, 2024
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4 changes: 4 additions & 0 deletions app/local/config/navigation/protocol.ts
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Expand Up @@ -405,6 +405,10 @@ export const navigation: SectionData[] = [
{
title: 'Proposals Term 5',
links: [
{
title: '5.24 - [Executable] Term 5 Q4, Collective Working Group Funding Proposal',
href: '/dao/proposals/5.24',
},
{
title: '5.21 - [Social] Governance Security Bounty',
href: '/dao/proposals/5.21',
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71 changes: 71 additions & 0 deletions docs/dao/proposals/5.24.mdx
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{/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */}
export const meta = {
description: 'This proposal executes all three Working Group funding requests for the October 2024 funding window.',
emoji: '📖',
contributors: [
'avsa.eth'
],
proposal: {
tally: '6949396467348678571876890705367894936837088742488849089767544172635343148173',
type: 'executable'
}
};

# [EP 5.24] [Executable] Term 5 Q4, Collective Working Group Funding Proposal

[Temp Check Discourse link](https://discuss.ens.domains/t/ep-5-24-executable-term-5-q4-collective-working-group-funding-proposal/19801)

## Description

This proposal executes all three Working Group funding requests for the October 2024 funding window as passed in [EP 5.17.1](https://discuss.ens.domains/t/5-17-1-social-funding-request-ens-meta-governance-working-group-term-5-oct-window/19677), [EP 5.17.2](https://discuss.ens.domains/t/5-17-2-social-funding-request-ens-ecosystem-working-group/19678), and [EP 5.17.3](https://discuss.ens.domains/t/5-17-3-social-funding-request-ens-public-goods-working-group/19679) as well as [EP 5.21](https://snapshot.org/#/ens.eth/proposal/0x5067725bef9cde0de0024adedb653a7a1752aefa726adf628b77048d85821a6d) and [EP 5.19](https://snapshot.org/#/ens.eth/proposal/0xfa54ff2b55f0495c96ec2d8645241bcff48ca6afe1f4925fb51f29c4667252df).

For more detail, view the [ENS Governance docs](https://basics.ensdao.org/funding-requests/funding-requests)

## Proposal Components

### 1) [Meta-governance Funding Request [EP 5.17.1]](https://discuss.ens.domains/t/5-17-1-social-funding-request-ens-meta-governance-working-group-term-5-oct-window/19677)

The Meta-governance Working Group requests funding to fulfill anticipated budgetary needs through the next formal funding window in April 2025.

| Destination | USDC | ETH | $ENS |
| :---------------------------------------------------------------------------------------------------- | :-----: | :-: | :----: |
| [ENS Meta-Gov Main Multisig](https://etherscan.io/address/0x91c32893216dE3eA0a55ABb9851f581d4503d39b) | 354,000 | 0 | 45,000 |

This amount will cover all expected expenses (including the ENS required for vesting on 5.19 and 5.21) while maintaining a 100,000 USDC prudent reserve to ensure continuity if future funding is delayed.

### 2) [Ecosystem Funding Request [EP 5.17.2]](https://discuss.ens.domains/t/5-17-2-social-funding-request-ens-ecosystem-working-group/19678)

The ENS Ecosystem Working Group requests funding to support operations through April 2025. This is the only funding request of Term 5. The working group is responsible for growing and improving the ENS Ecosystem by funding builders and projects that are ENS-specific or ENS-centric.

| Destination | USDC | ETH | $ENS |
| :----------------------------------------------------------------------------------------------------- | :-----: | :-: | :--: |
| [ENS Ecosystem Main Multisig](https://etherscan.io/address/0x2686a8919df194aa7673244549e68d42c1685d03) | 836,000 | 0 | 0 |

### 3) [Public Goods Funding Request [EP 5.17.3]](https://discuss.ens.domains/t/5-17-3-social-funding-request-ens-public-goods-working-group/19679)

The ENS Public Goods Working Group requests funding to support operations through the next funding window in April 2025. The funds requested extend current needs through to next term to ensure that next season's stewards have available funding before the next funding window.

| Destination | USDC | ETH | $ENS |
| :---------------------------------------------------------------------------------------------------- | :-----: | :-: | :--: |
| [Public Goods Main Multisig](https://etherscan.io/address/0xcD42b4c4D102cc22864e3A1341Bb0529c17fD87d) | 226,000 | 0 | 0 |

## Specification

The following transfers are to be made from the DAO treasury:

1. Transfer 354,000 USDC to the Meta-governance safe:

- Address: `0x91c32893216dE3eA0a55ABb9851f581d4503d39b`

2. Transfer 836,000 USDC to the Ecosystem safe:

- Address: `0x2686A8919Df194aA7673244549E68D42C1685d03`

3. Transfer 226,000 USDC to the Public Goods safe:

- Address: `0xcD42b4c4D102cc22864e3A1341Bb0529c17fD87d`

4. Transfer 45,000 ENS to the Meta-governance safe:
- Address: `0x91c32893216dE3eA0a55ABb9851f581d4503d39b`

#### Total transfer amount: 1,416,000 USDC and 45,000 ENS

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