The vote 86 on EP2.2.4, the ENS Endaoment RFP is now live. This is the first time an RFP has been put to a DAO-wide vote, so a brief explainer is warranted.

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What is an RFP?

RFP stands for Request For Proposals. It’s a request by the DAO for interested parties to propose a solution to a problem the DAO has. Anyone can submit a proposal during the submission period, and the RFP manager named in the RFP then decides on the winner during the approval period.

What is the ENS Endaoment RFP?

This is an RFP to find a fund manager who can manage the bulk of ENS’s treasury going forward, with a goal of creating a sustainable fund that can pay for ongoing development needs without depending on revenue from registrations and renewals. It’s a crucial part of securing the long-term future of the DAO and of ENS, whatever the broader economic conditions.

What am I being asked to vote on?

You’re voting to approve the issuance of the RFP. If you vote yes, the RFP will be active, and the RFP manager - in this case the Meta-Governance Working Group stewards - will be empowered to choose a winner from any submissions that were made without a further DAO vote. Their choice will be considered a decision by the DAO as a whole.

For this specific RFP, there are likely to be subsequent DAO votes required to execute the winning fund manager’s strategy onchain, but these will come after the Meta-Governance Working Group stewards have decided on a fund manager.

You can go vote here 86.