Ethereum Name Service (ENS)

Wu said they learned that ENS DAO has announced the Marketplace RFP submission schedule and related application materials. The application portal will open on July 22 and close at 07:59 on August 5 (UTC+8). This RFP offers up to one grant of up to $500,000, followed by evaluation, public rationale, and milestone‑linked fund disbursement. https://t.co/CRhVua9hdP

More chains should consider safeguards like this. As governance becomes increasingly chaotic, malicious actors can exploit validators who barely understand the technical basics of the chain they help control. A limited Security Council, combined with validator KYC and clear accountability, could make governance far safer. Some validators hold enormous power. That power should come with competence, transparency, and responsibility.

ENS DAO Approves Two-Year Security Council to Veto Malicious Transactions ENS DAO has approved a new eight-member Security Council with a two-year term and a 5-of-8 multisig. The council may cancel transactions deemed malicious during the two-day timelock after a governance proposal passes, but cannot move treasury funds, submit or amend proposals, or override DAO decisions. Its authority will automatically expire unless extended by another DAO vote.

Wu reports that ENS DAO has passed a proposal to activate a new security committee with a two-year term. The committee consists of 8 members and uses a 5/8 multi-signature scheme, allowing it to cancel transactions identified as malicious before the two-day timelock expires after a governance proposal is approved. The committee has no authority to move treasury funds, submit or amend proposals, nor overturn DAO decisions; it can only exercise a veto in emergency situations as defined by the charter. ENS says this measure is intended to guard against governance attacks such as borrowed voting power, malicious proposal code, or credential leaks; once the term expires, its authority will automatically lapse unless the DAO votes to extend it. https://t.co/4uYmexx05h

There's one altcoin I think is interesting.. $ENS Strong high volume break above the pmVAL + 30d rVWAP for a potential move into ~$5 Key is to hold $4.4 today/weekend and I'd say it's very likely we will rally into that next target

New episode: @DrNickA and @metaproph3t join @laurashin to break down DAO governance's worst month. 🏛️ Why ENS may hand its treasury to a foundation 💰 How BonzDAO lost $20 million to one proposal 🍯 Why @metaproph3t would not buy Venice's VVV token https://t.co/WwqQJfihHX

"It is a little bit crazy that you will just throw all this money with no accountability over what is supposed to be a decentralized protocol with no fiduciary duty," @metaproph3t on the ENS Foundation assuming control of the treasury https://t.co/hTPZWV3aAJ

"The on-chain treasury management is what gives accountability to the token holders ... at this point, you would be trusting the [ENS] foundation not to just everyone retire," @DrNickA on whether DAOs should just govern protocols and not money https://t.co/hTPZWV3aAJ"