The executable draft adds Security Council oversight of Endowment transactions and narrows the Foundation's initial token grant to 1 million ENS after delegates called the earlier plan a "governance attack."

An onchain vote to grant the DAO's veto power to a freshly elected eight-member council is passing, with the current council's mandate set to lapse on July 24

Alex Van de Sande, a co-founder of the Ethereum Name Service (ENS), proposed Monday that the ENS DAO delegate 5 million ENS tokens from its dormant community treasury to individual participants.

The working group's final term committed $450,000 in USDC and 72.5 ETH to Ethereum infrastructure projects including Vyper, Argot Collective and Remix Labs before it was wound down.

Christoph Jentzsch, who wrote code for the original 2016 "The DAO" and now runs Tokenize.it, called for ENS DAO to wind down and revoke its own upgrade authority, a day after ENS co-founder Nick Johnson used roughly half of the protocol's active voting power to block a Security Council renewal.

Multiple named delegates escalated opposition to the ENS Foundation empowerment temp check Monday, with Security Council member Brantly Millegan threatening a veto and ENS Labs founder Nick Johnson having self-delegated enough tokens to pass the proposal over their objections.

An ENS DAO temp check published Friday would shift treasury control, grants administration and long-term capital strategy to an expanded ENS Foundation, while tokenholders retain protocol-layer authority.

Para wallet users can now sign up for an ENS name with just an email, phone number or social login.

ENS Labs aims to launch the zkEVM Layer 2 by the end of next year.

The market cap of PayPal's PYUSD stablecoin is down 17% in two weeks.