Meta-Governance Updates — July 8 ✧

Endowment ~$96M (75% ETH). EP 6.14 forms the OpenBox due diligence committee, SPP2 stream ToS signed, Lighthouse Labs proposes DAO registry spec for org identity; pilot & working group underway.

Endowment ~$96M. BTC & ETH rangebound, ETFs see inflows, Robinhood launches tokenized EU stocks on Arbitrum. Lido’s stETH/LDO dual governance activated. ETH moved from Compound to LSTs. 

sUSDS now top allocation. H1 report due next week.

OpenBox due diligence committee formed (3 foundation directors + 2 appointees + observer). 

Works with Intercap, aims for objective analysis, transparency, and informed feedback—not binary votes. 

Avoids rigid precedents to align with DAO interests.

SPP2 proposal passed, due diligence completed, all parties signed the Terms of Service, and streams are set to be activated soon. https://discuss.ens.domains/t/spp2-stream-implementation-preparing-the-executable-proposal/20890?u=estmcmxci

OpenBox due diligence committee formed (3 foundation directors + 2 appointees + observer). 

Works with Intercap, aims for objective analysis, transparency, and informed feedback—not binary votes. 

Avoids rigid precedents to align with DAO interests. https://discuss.ens.domains/t/ep-6-14-social-proposal-to-form-the-openbox-investment-committee/20947?u=estmcmxci