[EP 6.39] [Executable] Treasury Flow Automation
AI summary
This proposal aims to streamline how the ENS DAO manages its treasury funds, specifically the revenue collected from domain registrations. Currently, moving funds from where they are collected to where they can be invested or used for operations requires multiple governance proposals, leading to delays and missed investment opportunities. The proposal introduces a new 'Registrar Manager' contract to automate the transfer of revenue directly to the DAO's investment fund (endowment) and allows the treasury manager to move funds between the endowment and the operational wallet without needing a full DAO vote, as long as it aligns with the DAO's existing financial policies.
If passed, the ENS DAO will be able to more efficiently manage its treasury, potentially earning an estimated $1 million more in yield annually by reducing idle capital. This will benefit the DAO by increasing its overall income and making operational funding smoother. No specific group loses out, but the DAO's treasury manager gains more direct control over fund movements within defined parameters.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
[EP 6.39] [Executable] Treasury Flow Automation
Abstract
ENS protocol revenue currently requires three separate steps to move from registrar controllers to productive use in the endowment and fund operations. This proposal introduces a Registrar Manager contract that takes ownership of all registrar controllers and enables permissionless withdrawals directly to the endowment. It also configures a Zodiac module permission on the endowment to allow the treasury manager to send ETH and USDC to the timelock without a proposal, following a two-year stablecoin runway policy consistent with the…