[EP 6.41] [Executable] Endowment permissions to KPK - Update #9
AI summary
This proposal is a routine update to the permissions for the ENS DAO's Endowment Manager. It expands the types of decentralized finance (DeFi) activities the endowment can engage in, specifically adding access to liquid staking and restaking protocols like Stader and Ether.fi, and integrating Morpho USDT vaults for stablecoin yield. It also updates CoW Swap routing to handle new tokens like weETH and eETH.
If passed, the ENS DAO endowment will have more options to generate yield on its ETH and stablecoin holdings, potentially increasing the treasury's overall value. This benefits the DAO by enhancing its financial sustainability without directly impacting individual token holders or changing tokenomics.
Voting results
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[EP 6.41] [Executable] Endowment permissions to KPK - Update #9
Abstract
This proposal introduces a routine update to the permissions for the Endowment Manager. This update expands access to liquid staking and restaking protocols on Ethereum, adds exposure to Morpho USDT vaults, and extends CoW Swap routing to include weETH and eETH.
Motivation
The update opens positions in Stader and Ether.fi, two liquid staking and restaking protocols that allow the endowment to earn yield on ETH while preserving the ability to exit via standard or express unstaking paths. Adding Morpho's KPK USD…