ENS DAO initiated a voting proposal to hire a fund manager to manage the endowment fund

Chain Catcher news, Nick Johnson, the head of development for the Ethereum Name Service (ENS), has initiated a voting proposal to hire a fund manager to manage an endowment fund that can pay for ongoing development needs without relying on registration and renewal income. The fund's capital will come from the DAO's current holdings of ETH and USDC, as well as a portion of the DAO's ongoing revenue, until the fund reaches its target size. The voting ends on September 14.

ENS DAO currently holds 13,069 ETH in revenue, 3,817,067 USDC, and 18,184 ETH in prepaid revenue. (Source link)