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Alex Van de Sande stories

Aug 11, 2026

ENS Foundation takes control of $65 million endowment after tokenholder vote

Ethereum Name Service DAO tokenholders voted to transfer administrative control of a $65 million endowment to the newly established ENS Foundation. The proposal passed with 1.27 million ENS tokens in favor and 480,690 against, despite opposition from co-founder Alex Van de Sande who argued the DAO was being removed from the endowment's control chain.

Aug 11, 2026·3 sources
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Top claims

  • ▪Alexander Urbelis will serve as the inaugural Executive Director of the ENS Foundation, with ENS founder Nick Johnson and independent members Kartik Talwar, Brett Sun, and Anthony Leutenegger joining the board.
  • ▪Alex Van de Sande stated that the Security Council's transaction cancellation role expires on August 7, 2028, after which the veto can only be reinstated if the ENS Foundation itself queues the grant.
  • ▪Transfers from the endowment to the ENS Foundation are capped at $500,000 for standup costs until the Executive Director publishes a projected budget, with the first annual budget due within 60 days.

Topics

DAOs & governanceEthereumDecentralized identity