Snapshot now has an official MCP!

Govern organizations without leaving your AI application.

Plug agents into Snapshot with a few clicks.

Leverage 5 years of governance data.

Your AI setup and memory - Snapshot-native context and tooling.

Coordination for agentic enterprise.

@ShutterNetwork are encrypted mempools that protect transactions from front-running, and shielded voting used by DAOs on @SnapshotLabs.

Shutter is one of 13 projects in the Epoch 13 cohort. You can support their work by voting in the round.

🗓️ Where? epoch.octant.app
⏰ PM EDT

Last week on Snapshot

Starknet holders are backing research into an independent post-quantum chain, Arbitrum is voting on 100M $ARB to make USDG a core priority, and Aave's vote on listing Anchorage's USAT closes later today.

1. @StarknetFndn holders are voting in a non-binding arch turning Starknet from an Ethereum layer 2 into its own independent base chain, built to resist future quantum computers. A Yes starts research, not a move; STRK stays the only token and Ethereum bridges stay open either way. @StarkWareLtd said Oct 8 it is "actively exploring" the idea. 2,255 votes and ~345.1M STRK so far, 99.95% Yes. Closes Oct 22.

2. @arbitrum has four votes open, all posted Oct 15 by @EntropyAdvisors, each with ~24.0M ARB cast across ~550 votes and ~99% For so far. All close Oct 22.
- Make USDG, Paxos's dollar stablecoin, a core priority backed by an extra 100M ARB in incentives, adding dollar income to DAO revenue the proposal calls "structurally skewed" toward ETH.
- Move 1,700 ETH (~$4.6M) out of the treasury: 85.1 ETH to the Arbitrum Developer Guild as overdue revenue share, the rest into the treasury council's ETH strategies.
- Add a backup path to propose, vote and execute from Ethereum if Arbitrum governance and the Security Council both cannot act.
- Update two fee settings so users' Ethereum-side costs keep tracking the cost of posting batches to Ethereum after its Glamsterdam upgrade.

3. @TelcoinTAO approved up to 883.9M TEL (~$1.33M) to fund invoices and operations through year-end: 433.7M TEL released now, a second payment capped at 376.6M TEL only after the quarterly financial report, and a 73.6M TEL contingency held in treasury. Monthly finance summaries are now due by the 15th. Closed Oct 16: 8 For, 0 Against in council NFT votes, meeting the quorum of 8.

4. @aave is voting to list USAT, a dollar stablecoin issued by @Anchorage Digital Bank with @tether as technology partner, on Aave V3 and V4 on Ethereum. Borrow-only, priced at a fixed $1, with caps of 20M supply and 18M borrow on V3 and 5M and 4M on V4. @LlamaRisk supports the setup but flags one 3-of-5 multisig controlling the token with no timelock. 76 votes and 371,321 AAVE so far, all For. Closes later today.

5. @walletconnect is voting on a new staking reward formula: a separate reward score drives payouts while voting power stays unchanged. Indicative yields move from 0.78% to 5.00% on 4-week locks and from 20.31% to 24.52% on 104-week locks, narrowing the gap between longest and shortest locks from ~26x to 4.9x. Against voters argue that rewarding stake that unlocks often, with no buybacks, adds selling pressure on WCT. 71.7% For (2,297,505 stWCT) vs 28.3% Against (906,391) across 696 votes. Closes Oct 19.

6. @MIM_Spell voted 100% For an orderly wind-down of MIM and Abracadabra: 396,163,281 SPELL from 2 votes, above the proposal's own 309M threshold but short of the space's 3B quorum. The plan moves ~99.75% of eligible lending-vault collateral into ETH, pays borrowers their collateral minus MIM debt at $1, and pays MIM holders ~$0.04 per MIM from ~$900K of reachable collateral, with a balance snapshot no earlier than Oct 20. Protos reports commentator Mikko Ohtamaa calling it "treasury looting" and says the math leaves out ~$8.3M of treasury assets moved in July. Closed Oct 15.

7. @gitcoin lowered the quorum for its Snapshot votes from 2.5M to 1.5M GTC to match the quorum in its governor upgrade; the new bar applies to proposals created after the change. Closed Oct 16: 2,717,121 GTC For, 43 Against, 53 Abstain across 341 votes, clearing the old 2.5M quorum.

8. @balancer holders blessed MAXYZ's independent fork of Balancer technology, with no grant, no branding and no link to BAL or DAO governance, and granted MAXYZ access to the security-docs repository and the @immunefi account. Holders had rejected a funded official version on Sep 29. @avantayman backed the fork but warned that "A fork that repeats known issues is worse for users than no fork at all." Closed Oct 13: 5,456,213 BAL Yes (90.5%), 570,269 Abstain (9.5%), 0 No, clearing the 5M quorum.

9. @yieldyak_ holders approved sunsetting its Avalanche vault and swap protocol, live since 2021, and returning a ~$290K treasury: YAK holders burn YAK to claim AVAX, with a first 30-day claim window in early November and a second in December. The team cited stalled growth and $9.5K/month in costs against ~$5K/month in revenue. Closed Oct 16: 671,373 vYAK Confirm (99.7%), 1,733 Reject, clearing the 200,000 quorum.

26 proposals open across 20 verified spaces on Snapshot right now.

snapshot.box

Four years of shielded voting with @ShutterNetwork, and the next chapter is close. Stay tuned.

Launching the Shutter DAO 0x36 Impact Pilot!

A new grants program for contributors who can help uncover and advance real opportunities for Shutter, helping the ecosystem decide what to build, fund, pilot, integrate, or take further

Round 1 applications are now open 👇
🧵 1/5

Last week on Snapshot

@DeriveXYZ is voting to rebuild its exchange so Ethereum checks a proof of every trade batch, retire Derive Chain, and carry every balance over without a redeposit.

Order matching stays off-chain. Margin, pricing and settlement run in a zero-knowledge produces a cryptographic proof of the calculations for Ethereum to verify. Verification uses roughly 400,000-500,000 gas, Ethereum’s measure of computational work, per batch.

The migration would also:

- Keep custody and withdrawals on Ethereum, with every withdrawal requiring a valid proof. Batch data goes to Celestia so other providers can support withdrawals if Derive’s operator goes offline. Anyone can take over sequencing, the ordering of trades, after a minimum two-week window.
- Re-mint $DRV on @RobinhoodApp’s Robinhood Chain and bridge it to Ethereum through @LayerZero_Core. Old-chain supply stops counting as canonical DRV, and voting delegations clear.
- Split the shared risk pool into four isolated derivatives pools. Positions in retired assets close at mark price and are paid in USDC.
- Start with a wallet requiring 6 of 8 signatures, plus an execution delay, controlling the contracts. A handover to stakers requires a later proposal.

The vote closes Oct 4.

1. @CoWSwap passed a quote-reward redesign with 100% For and 36,687,625 vCOW, clearing quorum. It closed Sep 25.

The dedicated budget targets 10% of protocol revenue, up from about 3%, to bring displayed quotes closer to the prices competing trade executors later bid. The core team can adjust how rewards are distributed; no allocation formula was approved.

2. @safe’s Safenet @aegis_im funding vote remains open. @safefndn requests about 7.4M SAFE over 12 months for optional transaction safety checks.

About 5M goes to six permissioned validators, each staking at least 3.5M SAFE; 2.4M goes to six security-check providers. Each check costs 0.40 USDC, and users can override it. The vote closes Oct 6.

3. @worldlibertyfi’s staking redesign had 82.0% Yes at last capture, with 2,086.25M WLFI cast against a 1B quorum. The vote closes Sep 28.

The voluntary rewards program would replace March’s system. Earning rewards requires locking unlocked tokens for at least 180 days and voting directly at least once per 90 days staked. Staking cannot give any holder more than 5% of voting power. All holders retain voting rights.

4. @aave passed three votes that closed Sep 25:

- Deploy V4 on Base with tokenized Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla shares as collateral for USDC loans. Caps are 32M supplied and 21M borrowed, with @chainlink feeds tracking total equity returns. A separate tokenized-USDC market would allow deposits only, capped at 1M.
- Tighten isolation rules in specialized borrowing modes so outside collateral cannot borrow assets closed to general borrowing. The change avoids forced liquidations.
- Increase borrowing capacity against ETH and BTC across V3 Ethereum @coreapp, Arbitrum, Base and the V4 Main Spoke lending environment. Reduce Base’s cbBTC liquidation bonus from 7.5% to 6%, using @LlamaRisk’s calibration.

All three passed with 100% For. Binding onchain votes are still required before execution.

5. @ssv_network passed automatic delegation with 100% For and 497,125 SSV, clearing quorum.

The DAO becomes a delegation target and splits voting power across community delegates (45%), verified operators (25%), grant recipients (15%), professional delegates (10%) and the wider Ethereum community (5%). Holders can opt out.

As delegated balances grow, up to 100K SSV returns to the treasury, while 50K stays in the program. Automatic delegation is capped at 500K.

6. @1inch passed its first holder-ratified treasury signer set with 100% Yes and 28,052,421 Unicorn Power, clearing quorum.

The treasury wallet becomes a 12-seat Security Council, retaining its 7-signature threshold and rotating seven seats. It can execute approved transactions, veto malicious payloads during the 72-hour execution delay and protect the treasury in emergencies. It has no discretionary spending authority; seats are unpaid.

7. @LidoFinance resolved three votes:

- Rejected the expense-audit, workforce-cut and buyback package: 29,354,889 LDO Against versus 1,255 For. It sought a 50% cut to @lidolabs’ workforce, a lower buyback trigger and all surplus directed to LDO buybacks.
- Passed conditional exchange-liquidity support with 100% For and 54,656,706 LDO. The recallable facility is capped at the lesser of $1.5M or 7.5M LDO, plus up to 480K USDC in retainers through @LidoEcosystem. Nothing is drawn unless the Growth Committee finds liquidity insufficient.
- Passed the appointment of Leeward Supervisors Limited as legal supervisor of the Lido Alliance foundation, replacing @MetaLeX_Labs, with 100% For and 52,354,713 LDO.

8. @decentraland paired two marketplace approvals with two community votes:

- Passed minimum acceptable offers for sellers with 99.9% Yes and 3,362,592 voting power in favor.
- Passed a show/hide toggle to keep archived offers hidden across logins with 99.8% Yes and 1,024,570 in favor.
- Passed adding AFTER-HOURS nightclub at map location 40,54 to official points of interest at no DAO cost. It closed Sep 26 with 99.9% yes and 2.46M voting power in favor.
- Is voting on asking @DecentralandDAO to post new polls and repost ecosystem content. It closes Sep 28; “Yes” held 60.3% at last capture.

9. @Uniswap’s two previously covered votes closed Sep 23:

- Extend protocol fees and the UNI burn path to @arc, @circle’s Layer 1 network. Passed with 100% For, clearing quorum.
- Rotate Gauntlet’s emergency addresses for three @Morpho vaults behind Uniswap Earn. Their authority can restrict vault activity but cannot move funds. Passed with 100% For, clearing quorum.

28 proposals open across 21 verified spaces on Snapshot right now.

snapshot.box

Maybe this bullmarket will catch on to this and finally bring another round of financing to governance.

The future of economic participation will be decentralized.

Good luck competing against agent swarms using an archaic coordination substrate.

@SnapshotLabs @1inch Snapshot remains goated for gas-less voting!

This week on Snapshot

1. @ether_fi voted to stop minting tokens for rewards and start buying them. Card, swap, and staking revenue will convert to USDC weekly and fund open-market $ETHFI purchases, with up to 20M ETHFI from existing Foundation holdings available as a temporary posal cited about $1.33M in prior-month revenue as an illustration, not a commitment. Closed Sep 3: 100% For on 1,141,999 ETHFI, with the 1M quorum met.

2. @SushiSwap approved routing 1% of protocol fees plus 1% of perpetuals revenue to monthly xSUSHI buybacks, and 4% of protocol fees to weekly SUSHI reserve purchases. It also authorized relocating roughly $10M-$20M of protocol liquidity to @RobinhoodApp Chain while preserving existing liquidity-provider claims and prohibiting lending or leverage. Closed Sep 3: 100% For on 5,214,574 SUSHIPOWAH, with the 5M quorum met.

3. @usualmoney approved burning 100% of USUAL created by its unlocking mechanism, replacing the previous three-way split and ending that income stream for USUALx stakers. Usual Labs can adjust the unlocking threshold, currently 3.75, without a preset range. Forum participants requested clearer authority and impact reporting, and a Labs contributor committed to publishing adjustment data. Closed Sep 6: 90.9% For, 7.2% Against, and 1.9% Abstain on 60,585,112 USUVOTE. No quorum was set.

4. @arbitrum passed and executed a new transaction-ordering system on Arbitrum One. Users bid priority fees for earlier processing, with revenue flowing to the DAO treasury, while Nova returns to first-come-first-served ordering. @Offchain can adjust fee collection and ordering rounds for two years. A paid early transaction feed will direct about 97% of net revenue to the treasury and 3% to the Arbitrum Developer Guild. Closed Sep 3: 176,800,940 For, 1,806 Abstain, and 0 Against across 176,802,750 voting power.

5. @ParallelMoney is still voting to cancel about $108K of unused decentralized-finance incentives and approve up to $125K for nine Mac Studio M5 Ultra machines. @cooper_labs would own and operate the fleet in Tbilisi, sell AI inference at market price or a modeled $0.54 per million tokens for customers paying in USDp, and return net revenue to the DAO monthly. Voting closes Sep 14.

6. @PhalaNetwork approved distributing 160M PHA already allocated for graphics-processing-unit mining rewards over 15 months. Foundation modeling estimates daily operator yield would rise from about $2.61 to $46, compared with an estimated $4.50 power cost. Closed Sep 4: 85.4% For and 14.6% Against on 2,248,282 vPHA.

7. @Coinage_media approved launching a second COINAGE token on Robinhood Chain and permanently abandoning roughly 387M COINAGE locked in an @ourzora contract on Base. Outside collaborators must hold at least 45,454,545 COINAGE, while the proposal states that price parity between the two tokens is not guaranteed. Closed Sep 4: 92.9% Approve and 7.1% Disapprove.

8. @influenceth seated its initial five-member elected body for a one-year term after encrypted ballots were decrypted. Skeppo, GreyArea, Coldsnap, Thunder, and Captain Underpants won the five seats, in that order. Closed Sep 4 with 30 voters and 55,872 INFLTEMP.

9. @arrowair_ is still voting on $35,520 USDC for flight operations through November. The request includes $17,520 in retroactive July-August pay, while five of six contributor retainers would shift to payment for accepted tasks. Fixed monthly compensation would fall 31%, from $8,760 to $6,000, under tighter treasury liquidity. Voting closes Sep 11.

10. @ensdomains closed its marketplace funding vote after the original selected team declined the role. @nomentumlabs, operator of @grailsmarket, was recommended for up to 500,000 USDC in milestone-gated funding from an existing program budget through Q3 2027. @blockful_io verified that the transaction instructions matched the proposal. Final standings: 95.6% For, 4.4% Abstain, and 0% Against on 1,464,063 voting power.

19 proposals open across 15 verified spaces on Snapshot right now.

snapshot.box

This week on Snapshot

@gnosisdao voted to stop running its own chain.

Under the plan, Gnosis Chain would settle onto Ethereum rather than operate as a standalone Layer 1 blockchain, retiring its own validator set and freeing roughly 350,000 $GNO, about 27% of circulating today. The vote closed 99.8% For, 123,158 GNO across 54 wallets, clearing the 75,000 GNO quorum with 123,425 cast.

It commits the DAO to a direction, not to a final technical design. No funds were requested, and how GNO captures value under the new setup is deferred to a later proposal. Authors Friederike Ernst, Philippe Schommers and Ben Carvill argue the chain has failed to deliver on its original value proposition and that fee revenue covers only a small fraction of even the minimal cost of security. At launch, Gnosis Ltd alone would order transactions and build blocks, an ability the proposal bounds as delaying or excluding transactions, not forging state, stealing funds or rolling back finalized history. Forum voices donnoh and citrullin argued the censorship-resistance loss is real and the composability payoff overstated. Genesis is targeted for December 2026 or January 2027, pending dependencies.

snapshot.box/#/s:gnosis.eth…

Also opened this week:

2. @gitcoin delegates are voting on a $1,262,951 operating budget for July through December, $1,182,814 net after an unspent first-half offset, which would fund a pivot into a local-first consumer app. Head count $512,404, consultants $460,050, growth and brand $180,000, general and administrative $65,000, software $35,497, travel $10,000, denominated in USDC. 20 votes and 91,437 GTC cast so far, no public opposition, and the smaller ballot option to release only the originally approved amount has no advocates. Opened this week, closes in two days (Aug 24).

snapshot.box/#/s:gitcoindao…

3. @xmaquina is voting to put 400,000 USDC of treasury into equity in Atoms, an automation operator behind CloudKitchens, Otter, Lab37 and Pronto, at a $16.75 billion post-money valuation after a $1.7 billion round led by a16z with Ben Horowitz joining the board. Standing so far: 94.4% For to 5.6% Against on 73 votes and 23,016,520 tokens cast, past quorum. Opened this week, closes in two days (Aug 24).

snapshot.box/#/xmaquina.eth…

Closed this week:

4. @TelcoinTAO's TELx Council approved consolidating TEL liquidity into seven @Uniswap v4 pools across Ethereum, Polygon and Base, and cut weekly incentives per pool from 648,148 TEL to 500,000 TEL, a 22.9% reduction, by reallocating existing rewards rather than adding new emissions. Balancer's TEL pools stay open but lose incentives entirely. Passed 6-0. Activation still needs the TEL v3 token upgrade, a separate reward-routing vote and Compliance Council review.

snapshot.box/#/s:telxcounci…

5. @decentraland rejected a plan to convert publication fees creators had already paid into voting power, 1 MANA paid for 1 unit, applied retroactively with no cutoff date. No won 65.8% to 34.1% Yes, with 0.1% abstaining, on 20 votes and 2,217,398 total voting power. Opponents said it would mint governance weight out of thin air, breaking the principle that voting power stays backed by assets held.

snapshot.box/#/s:snapshot.d…

6. @balancer wrote @aurafinance's voting proxy out of its own vote count and halved its quorum from 10,000,000 BAL to 5,000,000. Aura, which used to cast 60 to 75%+ of every Balancer vote, wound down by its own governance vote after Balancer retired its locked-token program, so the old quorum was calibrated around a voter that no longer participates. The underlying BAL becomes vote-eligible again as individual holders redeem it after an April 29, 2027 unlock. Passed 100% For on 23,891,201 BAL across 7 votes, clearing the old quorum at 239%.

snapshot.box/#/s:balancer.e…

7. @compoundfinance delegates backed the first deployment under its Treasury Management Program: $4M of the DAO's USDC into two tokenized positions held directly in DAO escrow, plus up to roughly $12M placed with a curator in a dedicated vault where the DAO keeps guardian rights, at a flat 0.5% fee on net asset value, no performance fee, no lockup, terminable on 30 days' notice. The treasury committee already held the authority to deploy, so this was a sentiment check. Support as proposed finished at 81.2% on 631,382 COMP.

snapshot.box/#/s:comp-vote.…

8. @fraxfinance cleared a $5,000,000 institutional lending market backed by tokenized assets from BNY, VanEck and Fasanara, where anyone can supply liquidity without identity checks but only identity-verified institutions can borrow, and idle funds keep earning a Treasury-bill-rate floor. Passed unanimously with 36,618,076 veFXS, quorum met.

snapshot.box/#/frax.eth/pro…

9. @ThenaFi_ holders voted to send most of their own trading-fee claim to the treasury. Locked THE holders' share of spot fees drops to 40%, from what Against voters describe as 90%, with 60% going to a Foundation-overseen treasury that carries no stated budget, cap or schedule, and theNFT holders get 0%. The fee traders pay does not change. Passed 65.1% to 34.9% on 70 votes, the window's only contested outcome; a voter called the real-world-asset perpetuals revenue case unconvincing for lack of specifics.

snapshot.box/#/s:thenafi.et…

46 proposals open across 29 verified spaces on Snapshot right now.

Looking forward to the Roundtable today.

@SEEDGov is hosting Crypto Votes - Tools for Governance at 14:00 UTC, with us and representatives from fellow governance platforms.

x.com/i/spaces/1dJrP…

Decentralized governance is evolving, not disappearing.

Next week, we’re joining @SEEDGov and representatives from fellow governance platforms for a roundtable on where it goes from here.

Looking forward to the conversation - and to finding out where we agree, and where we don’t.

Set a reminder 👇
x.com/SEEDGov/status…

This week on Snapshot

@ensdomains closed a vote on its biggest restructuring yet: build a staffed ENS Foundation with Alexander Urbelis as Executive Director, a five-seat board, 1,000,000 $ENS reserved for employee compensation, and board-approved administration of the ~$65M ransactions would sit behind a nine-day timelock, with the Security Council limited to canceling unauthorized, erroneous, malicious, or out-of-mandate transactions. Tokenholders would keep contract upgrades, pricing, root-key control, the ~54.6M DAO-owned ENS, the ~$16M operational wallet, and the power to appoint or remove every director.

Voting ended Aug 8 with 70.27% For.

Also closed this week:

1. @gnosisdao made two separate decisions:
- Approved spinning its consumer app into an independent company led by @deep45shah, investing $1.5M plus $1M of product and intellectual property for at least 25% ownership, and removing the app from Gnosis Ltd's annual budget. @koeppelmann will advise the company. One opponent argued the DAO already financed and owned the product and should shut it down and open-source it instead. The vote passed 96.9% to 3.1%, with quorum at 144.7%.
- Rejected a governance rewrite that would have split the DAO into a contracted executive and a five-seat independent board. It received 5,058 GNO against a 75,000 quorum, with 99.9% Against.

2. @aave closed two votes:
- Approved a single governance rulebook that removes the mandatory first review stage, shortens the standard process from 19 days to 13, and assigns defined roles to Aave Labs, @LlamaRisk, Certora, and TokenLogic. It passed with 392,127 AAVE, 100% For.
- Backed accepting a fixed-yield claim on Agora's AUSD digital dollar, maturing October 8, as collateral in its Monad market, which has taken in over $300M in deposits since launching in July. The signaling vote passed with 392,114 For, 11 Abstain, and 0 Against.

3. @QuickswapDEX approved sending 80% of protocol revenue to its Foundation instead of 30% for three months, while the DAO's share drops from 70% to 20%. The Foundation can hire, sign deals, and spend on expansion without a separate vote for each action while it builds an order-book exchange. The split automatically reverts, and buybacks continue from the DAO's share. It passed 93.9% to 6.1%, with 11.9M QUICK cast.

Still open:

4. @gnosisdao is voting on whether Gnosis Chain should stop being its own Layer 1 network and settle on Ethereum instead, run by Gnosis. The signaling vote would retire the validator set, unlock ~350,000 staked GNO, about 27% of supply, and initially let Gnosis Ltd order transactions centrally. It has 98.4% support at 9.6% of quorum and closes Aug 19.

5. @aave has two market-retirement votes closing Aug 15:
- Retire 50 lending markets, 21 matured fixed-yield markets, and six entire deployments covering $85.3M supplied and $11.5M borrowed. It has 185,035 AAVE and no opposition so far.
- Replace price feeds @chainlink classifies as high or very high risk with fixed prices across 21 reserves and 10 deployments, covering $6.76M supplied and $4.29M of debt. The plan would freeze the affected markets and raise fees so borrowers can unwind rather than having live positions cut off mid-loan. It has 369,902 AAVE and unanimous support so far.

6. @TelcoinTAO's TELx Council is voting to move TEL liquidity into seven @Uniswap v4 pools across Ethereum, Polygon, and Base, while removing incentives from three Balancer pools that stay open. Liquidity providers must migrate to TEL v3 and re-subscribe their positions to keep earning. Activation depends on the v3 upgrade, a separate proposal covering how rewards are routed, and compliance review. Six council votes have been cast; voting closes Aug 17.

44 proposals open across 27 verified spaces on snapshot.box right now.

X Space incoming! 🎙️

Join us Wednesday 19th - 10am EDT to discuss what governance is looking like for those building it's rails.

- Are DAOs actually dead?
- Does voting still matter?
- What tech is shaping next-gen governance?

Set your reminders for an amazing roundtable👇

Big changes for ethereum:0x6810e776880c02933d47db1b9fc05908e5386b96 If this proposal passes it will be the end of the chain validators BUT GNO might be a way to get exposure to EEZ tech ??

Delegate to @_futarchy on @SnapshotLabs to vote for what is best for the Token Price👇

The month-long ENS fight was never about a security council. It was about who controls the treasury, and it ended this week with an election.

On June 19, @katherinewu proposed handing day-to-day treasury operation - DAO wallet, $93.4M endowment, locked ENS supply - to a rebuilt Foundation with a 5-seat board, leaving tokenholders protocol control and director appointment and removal. For @lex_node that treasury handoff was the whole point: "It's just purely a money grab." The battleground became the Security Council, whose only power is cancelling a passed proposal in the timelock - the treasury's last brake. Its mandate lapses July 24.

@avsa moved to renew the sitting council; onchain it fell 77.37% against, 9 wallets outvoting 42, founder @nicksdjohnson's 3.26M ENS 65% of all power cast. @LefterisJP, a signer on the outgoing council, wrote: "Nick used 50% of the voting supply to vote down the onchain proposal to renew the Security council" - and named the motive: "Can't let that sweet ~$500m go to anybody else than him and his company!".

The treasury has since been re-valued at ~$350m due to $ENS price action, with only a fraction of this liquid and usable.

@nicksdjohnson answered critics with his reasoning: "I self-delegated my tokens because the DAO is nearly incapable of functioning at this point (...) If I thought it were possible to continue to govern the DAO in the way it was before, I wouldn't be intervening like this.".

@katherineykwu then ran an open Copeland election, 14 candidates against a rankable no-confidence line. Congratulations to the 8 elected: @nicksdjohnson, @avsa, @ValidatorETH, @coltron_eth, @alextnetto, @griffgreen, @hudsonjameson and @PabloSabbatella, serving to July 2028 under an all new binding Foundation agreement, removal mechanism, and 5-of-8 threshold (up from 4-of-8).

The seating vote passed with 92.62% across 60 voters and unlocks for execution tmr July 22.

The author of the rejected renewal and the founder whose stake sank it will hold veto power together.

The lone against came from @BrantlyMillegan, who is moving on from the ENS: "The entire process is illegitimate and everyone knows it."

snapshot.box/#/org/ens

Every @getNickAI agent can now act onchain through its own non-custodial wallet on Ethereum, Base and Polygon. We built that wallet layer. Great to see it live in Nick.

This week on Snapshot

The org behind Ethereum's .eth names spent the week voting on who guards its governance and where its money goes. @ensdomains closed three decisions, a successor Security Council, $1.69M in service-provider funding, and a marketplace re-bid, all while and critics argued publicly over self-delegation and control of a treasury critics estimate at $350M to $500M.

Also this week: @arbitrum decrypted an election, @aave standardized asset safety, @maplefinance rewired its buybacks, @xmaquina bought robotics equity, @psy_dao said no to a loan, @Uniswap voted on Robinhood Chain, plus @RedbellyNetwork, @ThenaFi_, @ShutterNetwork, @aavegotchi, @decentraland, @LidoFinance, @ssv_network, and @1inch.

Thread below 👇

@ensdomains @arbitrum @ajwarner90 @stonecoldpat0 @pedro_breuer @RedbellyNetwork @aave @maplefinance @castle_labs @thenafi_ @xmaquina @geckorobotics @psy_dao @ShutterNetwork @Uniswap @aavegotchi @PixelcraftStuds @decentraland @LidoFinance @ssv_network passed DIP-58, the sixth revision of its incentivized mainnet program, which rewards early participants on its validator network. Closed July 14: 553,494 $SSV For, 0 Against, 0 Abstain across 25 votes, clearing the 303,829 quorum.

snapshot.box/#/mainnet.ssvn…

@ensdomainse@arbitrumk@ajwarner902@stonecoldpat0T@pedro_breuer1@RedbellyNetwork1@aaveP@maplefinancem@castle_labse@thenafi_t@xmaquina @geckoroboticss@psy_daof@ShutterNetworki@Uniswap @aavegotchil@PixelcraftStudsa@decentralandd@LidoFinance @ssv_networke@1inchcloses that Degensoft is proposer, developer, IP licensor, and sole payee at $UPe, and $321,000 of it reimburses audits whose reports delegates could not yet read. Delegate @AranaVentures argued that portion should "be substantiated before disbursement rather than after."

snapshot.box/#/s:1inch.eth/…

34 proposals open across 24 verified spaces on Snapshot right now.