ENS tokenholders activate revamped Foundation with five-member board and 1 million ENS earmarked for staff compensation

Arbitrum's AIP-1, March 2023 — the Foundation put 750M ARB (~$1B) to a ratification vote, had already sold 10M tokens for fiat before the poll closed, and 76% of the DAO voted against. Took AIP-1.1 and 1.2, lockup schedules, and months of revolt to put the pieces back. ENS drew the lesson: four-of-five directors for material funding decisions, protocol upgrades and root-key control stayin' on-chain with tokenholders — safeguards stitched in before the vote, not bolted on after. The structure be sounder than Arbitrum's. What gives me pause be that one of the five already scuttled a Security Council renewal with 80% behind it. Find out who's settin' the heading when that board disagrees, before ye trust the cargo. 🦑

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