Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

[EP 5.26] [Executable] Implementation of [EP 5.19]’s ENS Governance Distribution Pilot Program #359

Merged
merged 15 commits into from
Dec 12, 2024
Merged

[EP 5.26] [Executable] Implementation of [EP 5.19]’s ENS Governance Distribution Pilot Program #359

Show file tree
Hide file tree
Changes from all commits
Commits
Show all changes
15 commits
Select commit Hold shift + click to select a range
766db49
Merge 28db4471d37274bfe7dcf5f681e57d4b16b52cec into master
agora-gov-bot May 28, 2024
651f8a7
Merge 2cdb822f8f7844f2ae39f540bbdf0af1d3552c8f into master
agora-gov-bot May 29, 2024
07d6381
Merge e24b2a779a7a6306fe609b8718ed0880291f31e1 into master
agora-gov-bot Jun 6, 2024
16d64ba
Merge c8946ae6d4dc2053d59c07c325bfcf69fd255adf into master
agora-gov-bot Jul 3, 2024
2e57c73
Merge 70edc3230496442f29bf94a96c105ac34e81bf01 into master
agora-gov-bot Aug 7, 2024
1cf6c1f
Merge 4303a3fbc00dc531d77332af01648b199d5f7e55 into master
agora-gov-bot Aug 13, 2024
d295921
Merge cb94af3ff42ae3ca20a55dff4b651fa68a751246 into master
agora-gov-bot Aug 28, 2024
fffc9a0
Merge dde5685e49572d2edf51c2c9d971996fc6269365 into master
agora-gov-bot Sep 1, 2024
653ff5b
Merge b7960cb935a2188509a441ccb1eb36413bc8a686 into master
agora-gov-bot Sep 24, 2024
30d505a
Merge d0d5ad82ba56831c2b2695fa426bf245200b51d3 into master
agora-gov-bot Oct 31, 2024
426be40
Merge bb09aa8a51325d60af3e1c47a05f800a9accdd85 into master
agora-gov-bot Nov 11, 2024
2da6438
Merge 5a80f635d800d4891b945e8b6ec8dd1440603694 into master
agora-gov-bot Nov 20, 2024
09ff0f8
New proposal
agora-gov-bot Nov 20, 2024
1eb5e6a
Merge branch 'master' into pr/359
gskril Dec 12, 2024
bb07ed6
Format
gskril Dec 12, 2024
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
4 changes: 4 additions & 0 deletions app/local/config/navigation/protocol.ts
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -409,6 +409,10 @@ export const navigation: SectionData[] = [
title: '5.27 - [Executable] Revoke the DAO’s ability to upgrade the name wrapper',
href: '/dao/proposals/5.27',
},
{
title: '5.26 - [Executable] Implementation of [EP 5.19]’s ENS Governance Distribution Pilot Program',
href: '/dao/proposals/5.26',
},
{
title: '5.25 - [Executable] Collective Working Group Funding Request (Oct 2024) - Resubmission',
href: '/dao/proposals/5.25',
Expand Down
174 changes: 174 additions & 0 deletions docs/dao/proposals/5.26.mdx
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -0,0 +1,174 @@
export const meta = {
description:
'This executable proposal implements the Governance Distribution Pilot Program approved in EP5.19.',
emoji: '📖',
contributors: ['5pence.eth'],
proposal: {
tally:
'50152158826647742094695349340830523178083147237337111134725087674188893435887',
type: 'executable',
},
}

# [EP 5.26] [Executable] Implementation of [EP 5.19]’s ENS Governance Distribution Pilot Program

## Abstract

This executable proposal implements the Governance Distribution Pilot Program approved in [EP5.19](https://snapshot.org/#/ens.eth/proposal/0xfa54ff2b55f0495c96ec2d8645241bcff48ca6afe1f4925fb51f29c4667252df). Following the community's selection of the 30k ENS distribution option, this proposal authorizes the transfer of ENS tokens from the treasury to implement the program.

## Specification

This proposal authorizes:

1. The transfer of 30,000 ENS tokens from the DAO treasury to the Meta-governance working group's main wallet (main.mg.wg.ens.eth) for distribution to eligible recipients
2. The Meta-governance working group will then distribute these tokens through 2-year linear vesting contracts according to the allocation table below

This distribution follows the quadratic funding method, which is a progressive ratio where recipients receive ENS tokens proportional to the square root of their USDC/ETH contributions during January-September 2024. The complete distribution table is as follows:

### Recipients

| From | To | SUM of Value | Squared Weight | % of total | ENS | % of value received |
| --------------------- | ---------------------------------- | -------------- | -------------- | ---------- | --------- | ------------------- |
| Ecosystem | ETHGlobal | $ 190,000.00 | 435.9 | 5.2% | 1,569.85 | 11.6% |
| | wslyvh.eth | $ 50,004.00 | 223.6 | 2.7% | 805.35 | 22.5% |
| | Onthis | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% |
| | ipns.eth | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% |
| | Fluidkey | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% |
| | Blockscout | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% |
| | beaconchain.eth | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% |
| | 1w3.eth | $ 25,000.00 | 158.1 | 1.9% | 569.44 | 31.9% |
| | Urbe Campus | $ 14,680.00 | 121.2 | 1.5% | 436.36 | 41.6% |
| | Discord Support | $ 13,000.00 | 114.0 | 1.4% | 410.63 | 44.2% |
| | generalmagic.eth | $ 11,563.43 | 107.5 | 1.3% | 387.28 | 46.9% |
| | Pugson | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% |
| | Juicebox | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% |
| | frolic.eth | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% |
| | Drips | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% |
| | Socket | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% |
| | ENS Fairy | $ 4,781.34 | 69.1 | 0.8% | 249.03 | 72.9% |
| | weird3.eth | $ 3,000.00 | 54.8 | 0.7% | 197.26 | 92.1% |
| | stephancill.eth | $ 2,367.89 | 48.7 | 0.6% | 175.25 | 103.6% |
| | Scope.sh | $ 2,367.89 | 48.7 | 0.6% | 175.25 | 103.6% |
| | Kiwi News | $ 2,367.89 | 48.7 | 0.6% | 175.25 | 103.6% |
| | aexek.eth | $ 1,750.00 | 41.8 | 0.5% | 150.66 | 120.5% |
| Ecosystem Total | | $ 490,882.44 | | | | |
| Public Goods | Rotki | $ 53,973.38 | 232.3 | 2.8% | 836.70 | 21.7% |
| | gashawk.eth | $ 40,000.00 | 200.0 | 2.4% | 720.29 | 25.2% |
| | buidlguidl.eth | $ 35,000.00 | 187.1 | 2.2% | 673.77 | 27.0% |
| | borderlessafrica.eth | $ 30,000.00 | 173.2 | 2.1% | 623.79 | 29.1% |
| | Revoke.Cash | $ 20,000.00 | 141.4 | 1.7% | 509.33 | 35.7% |
| | Firefly | $ 20,000.00 | 141.4 | 1.7% | 509.33 | 35.7% |
| | EIP-7212 | $ 20,000.00 | 141.4 | 1.7% | 509.33 | 35.7% |
| | ethdaily.eth | $ 14,797.60 | 121.6 | 1.5% | 438.10 | 41.4% |
| | Dappnode | $ 12,500.00 | 111.8 | 1.3% | 402.66 | 45.1% |
| | ETHDenver | $ 10,000.00 | 100.0 | 1.2% | 360.15 | 50.4% |
| | pairwise.eth | $ 8,402.18 | 91.7 | 1.1% | 330.12 | 55.0% |
| | apoorv.eth | $ 7,021.88 | 83.8 | 1.0% | 301.79 | 60.2% |
| | leticiaferraz.eth | $ 6,949.32 | 83.4 | 1.0% | 300.23 | 60.5% |
| | Urbe Campus | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% |
| | Latin Hackathon | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% |
| | eth-mexico.eth | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% |
| | DAOstar | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% |
| | aynieducativo.eth | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% |
| | glodollar.eth | $ 3,762.22 | 61.3 | 0.7% | 220.90 | 82.2% |
| | modularcrypto.eth | $ 1,818.29 | 42.6 | 0.5% | 153.57 | 118.2% |
| | daveytea.eth | $ 1,818.29 | 42.6 | 0.5% | 153.57 | 118.2% |
| | UPE | $ 940.56 | 30.7 | 0.4% | 110.45 | 164.4% |
| | illuminated.eth | $ 940.56 | 30.7 | 0.4% | 110.45 | 164.4% |
| | dhive.eth | $ 940.56 | 30.7 | 0.4% | 110.45 | 164.4% |
| | bloomnetwork.eth | $ 940.56 | 30.7 | 0.4% | 110.45 | 164.4% |
| | pabl0cks.eth | $ 877.74 | 29.6 | 0.4% | 106.70 | 170.2% |
| | iviangita.eth | $ 877.74 | 29.6 | 0.4% | 106.70 | 170.2% |
| | easlabs.eth | $ 877.74 | 29.6 | 0.4% | 106.70 | 170.2% |
| | 2118.eth | $ 877.74 | 29.6 | 0.4% | 106.70 | 170.2% |
| Public Goods Total | | $ 318,316.31 | | | | |
| Metagov | Karpatkey | $ 187,149.13 | 432.6 | 5.2% | 1,558.02 | 11.7% |
| | daemon.eth | $ 27,000.00 | 164.3 | 2.0% | 591.78 | 30.7% |
| | Lemma | $ 9,998.67 | 100.0 | 1.2% | 360.12 | 50.4% |
| | Tally | $ 8,999.54 | 94.9 | 1.1% | 341.66 | 53.1% |
| | Event Support | $ 3,000.00 | 54.8 | 0.7% | 197.26 | 92.1% |
| | daveytea.eth | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% |
| | andrewpage.eth | $ 780.00 | 27.9 | 0.3% | 100.58 | 180.5% |
| Metagov Total | | $ 237,927.35 | | | | |
| Immunefi Bounty | Immunefi | $ 102,000.00 | 319.4 | 3.8% | 1,150.22 | 15.8% |
| | @UGWST_COM | $ 75,000.00 | 273.9 | 3.3% | 986.30 | 18.4% |
| | @navad | $ 7,500.00 | 86.6 | 1.0% | 311.90 | 58.2% |
| | @Sagamore | $ 6,000.00 | 77.5 | 0.9% | 278.97 | 65.1% |
| | @adhd | $ 5,000.00 | 70.7 | 0.8% | 254.66 | 71.3% |
| | @solidityhaxor | $ 2,500.00 | 50.0 | 0.6% | 180.07 | 100.8% |
| | @haoce505 | $ 2,500.00 | 50.0 | 0.6% | 180.07 | 100.8% |
| | @h4nt3rx | $ 2,500.00 | 50.0 | 0.6% | 180.07 | 100.8% |
| | @austinoa012 | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% |
| Immunefi Bounty Total | | $ 204,000.00 | | | | |
| ETH Global | TF Guo | $ 3,000.00 | 54.8 | 0.7% | 197.26 | 92.1% |
| | Nikolas Lionis | $ 2,000.00 | 44.7 | 0.5% | 161.06 | 112.7% |
| | Arthur Sabirzyanov | $ 2,000.00 | 44.7 | 0.5% | 161.06 | 112.7% |
| | Stephan Wittig | $ 1,500.00 | 38.7 | 0.5% | 139.48 | 130.2% |
| | Rashmi Abbigeri | $ 1,500.00 | 38.7 | 0.5% | 139.48 | 130.2% |
| | Mehran Saliminia | $ 1,500.00 | 38.7 | 0.5% | 139.48 | 130.2% |
| | Mattis Deisen | $ 1,500.00 | 38.7 | 0.5% | 139.48 | 130.2% |
| | Ben Levy | $ 1,375.00 | 37.1 | 0.4% | 133.55 | 136.0% |
| | Aryeh Greenberg | $ 1,375.00 | 37.1 | 0.4% | 133.55 | 136.0% |
| | Shoma Shiga | $ 1,250.00 | 35.4 | 0.4% | 127.33 | 142.6% |
| | Rao Araki | $ 1,250.00 | 35.4 | 0.4% | 127.33 | 142.6% |
| | sudolabel ‎ | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% |
| | Simone Staffa | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% |
| | Paolo Rollo | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% |
| | Francesco Cirulli | $ 1,000.00 | 31.6 | 0.4% | 113.89 | 159.4% |
| | Yong Feng Ng | $ 875.00 | 29.6 | 0.4% | 106.53 | 170.5% |
| | Yik Kai Ng | $ 875.00 | 29.6 | 0.4% | 106.53 | 170.5% |
| | Junyao Chan | $ 875.00 | 29.6 | 0.4% | 106.53 | 170.5% |
| | Jing Jie Ng | $ 875.00 | 29.6 | 0.4% | 106.53 | 170.5% |
| | Tom Chauveau | $ 750.00 | 27.4 | 0.3% | 98.63 | 184.1% |
| | Roman GASCOIN | $ 750.00 | 27.4 | 0.3% | 98.63 | 184.1% |
| | Coline SEGURET | $ 750.00 | 27.4 | 0.3% | 98.63 | 184.1% |
| | Wojciech Staniszewski | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Patrick Fuchs | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Pascal Rüger | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Luca Orbke | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Joanna Daniluk | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Eason Chai | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Bartłomiej Tarczyński | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Antoni Koszowski | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Andrzej Daniel | $ 500.00 | 22.4 | 0.3% | 80.53 | 225.5% |
| | Yoshiki Takabayashi | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Shritesh Jamulkar | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Rohit Ramesh | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Nishen Kaushika Menerapitiyage Don | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Helen Femi Williams | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Francisco Cordero | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Danya Carolina Gómez Cantú | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Bianca Trovò | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Bernardo Vieira | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| | Adaku Agwunobi | $ 250.00 | 15.8 | 0.2% | 56.94 | 318.9% |
| ETH Global Total | | $ 35,000.00 | | | | |
| Grand Total | | $ 1,286,126.10 | 8329.9 | 100% | 30,000.00 | |

1. Value represents the total received of all transactions
2. Squared Weight is simply the square root of that value, which is used as a weight
3. % of total divided that by the total weight
4. ENS multiplies that percentage to the total budget
5. % of value received is a comparison of the value received in USDC with the value received in ENS, with ENS at $14

## Transaction

```json
{
"target": "0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72",
"value": 0,
"calldata": "0xa9059cbb00000000000000000000000091c32893216de3ea0a55abb9851f581d4503d39b00000000000000000000000000000000000000000000065a4da25d3016c00000"
}
```

## Verification

- Target: ENS token contract (0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72)
- Recipient: main.mg.wg.ens.eth (0x91c32893216dE3eA0a55ABb9851f581d4503d39b)
- Amount: 30,000 ENS (30000000000000000000000 in wei)
- Function: transfer(address,uint256)

---

The Meta-governance working group will handle subsequent distributions to individual recipients through Hedgey vesting contracts following the approved allocation table.

The transaction will move the 30k $ENS to the main Meta-governance wallet. After the transaction completes, the Meta-governance working group will craft the Hedgey vesting contracts following the above allocation table.
Loading