ENS token holders have voted to overhaul the project’s governance model. Now, administrative control over $65 million in funds is moving to a dedicated foundation.

How ENS Governance Is Changing

Previously, ENS funds were managed directly through token holder votes. Under the new model, the foundation will take over those responsibilities—handling both administration and fund allocation going forward.

Handing Off $65M in Control

The foundation will oversee $65 million, earmarked for ENS development and keeping its infrastructure strong. With this new setup, the foundation can respond faster to both financial and organizational needs.

Community Reaction and What’s Next

The ENS community debated the new governance structure, and token holders gave it the green light. Handing off control to the foundation is expected to make decision-making more efficient and keep the project on solid ground.