Ethereum Name Service (ENS) will entrust the donation funds to Karpatkey according to the voting result on the decentralized management side of the project.
The decentralized domain name service ENS continues its Web3 initiatives at full speed. The popular project received a lot of attention for its domain name service on the Ethereum base. The project also came to the fore by leaving its management completely to its community. The platform, which turns hard-to-read data for wallet addresses and hashes into easily readable addresses, has gone to a new vote with its community. The vote was asked about the management of DAO donations. The community has chosen Karpatkey with a large percentage in this regard.
ENS DAO to Trust Karpatkey with $52 Million Fund
Treasury management platform Karpatkey will manage the $52 million endowment funds of the Ethereum Name Service (ENS) DAO.
The voting, conducted by the DAO, took place from 18 to 23 November. Apart from Karpatkey, Avantgarde and Llama also took part in the voting. The community was also presented with the none option. Voting was carried out by the graduated method. In the results, where Karpatkey was first, the none option took second place.
Cryptocurrency exchange Coinbase and Ethereum wallet platform Rainbow opted for the none option. Defending his choice, Coinbase stated that risk and reward do not seem reasonable in ENS DAO.
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