Meta-Governance Updates — July 22 ✧

Endowment ~$130M (81% ETH) ~100% allocated. ETH yields ↓ since 2023; rebalancing & higher stablecoin APRs being considered. 

DAO updates: Blockful beta live, Tally proposal rejected, SPP2 stream near completion, Lighthouse workshop held.

Attention Delegates! 👥

The resubmitted proposal for enabling L2 Reverse Registrars and a new .eth registrar controller is now live.

🗳️ Vote:

Endowment Review 🏛️

Endowment beat inflation but ETH yields ↓ since 2023. DAO may allow shifting ETH/stable % & adopt a more aggressive IPS. 

Rebalancing to boost stablecoin APRs & hedge ETH risk proposed. Endowment +$30M YoY, >5 yrs of yield, with ≥3 yrs runway in stables.

Investment Committee 💸

The Investment Committee held an initial call with the OpenBox team to align on positioning. A Google Form is open to collect questions from DAO members & the community. 

Share your input here 👇 https://docs.google.com/forms/d/1KlX2MNIAUPBHS5xs4Rnxo5t4KBqtEDK28zegiKETOIU/viewform?edit_requested=true

Attention Delegates! 👥

The resubmitted proposal for enabling L2 Reverse Registrars and a new .eth registrar controller is now live.

🗳️ Vote: https://www.tally.xyz/gov/ens/proposal/42524979896803285837776370636134389407867034021879791462477783237030656381157