ENS Co-Founder Proposes Delegating 5M Tokens to Dilute Whale Voting Power
2026-07-07 09:11

Woofun AI reports that ENS co-founder Alex Van de Sande has proposed delegating 5 million ENS tokens from the DAO's idle community treasury to individual participants. This initiative aims to reform governance structures where a single delegate currently holds sufficient voting power to execute any proposal, outweighing the combined influence of the next 50 delegates. The proposal emerges amid ongoing controversy regarding ENS DAO governance, specifically following ENS Labs' suggestion to transfer operational wallets and holdings to a five-person board, which sparked concerns over "treasury capture." Van de Sande clarified that while tokens are delegated, they remain property of the DAO and cannot be sold by recipients. This move is viewed as a direct countermeasure to address excessive vote concentration within the ENS ecosystem.

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Tags:
ENS
Alex Van de Sande
ENS DAO
ENS Labs
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