Ethereum Name Service (ENS)

ENS co-founder exercises veto power, rejects the Security Council extension… community backlash

https://t.co/V1WlN5mWzP https://t.co/qJj7KySqIh

ENS DAO co‑founder Nick Johnson cast a dissenting vote in an on‑chain executable ballot, causing the proposal to extend the ENS Security Council’s term by two years to be rejected with about 82% opposition. Johnson holds roughly 3.26 million ENS tokens, accounting for about 80% of the tokens voted in this poll. He said his opposition stems from the possibility that current Security Council members could use veto power to block proposals they personally disagree with, and he supports a new proposal to restructure the Security Council. The incident sparked community debate over the concentration of governance power and voting rights within ENS, with some members even suggesting that ENS DAO is facing a risk of governance failure. (The Block) https://t.co/7ICW39MoWi

who's gonna make a biopic for the rise, fall, then rise again of @BrantlyMillegan irt @ensdomains