Ethereum Name Service (ENS) DAO Proposes 10,000 ETH Auction To Diversify Treasury

Summary: The Ethereum Name Service governance proposal aims to create an extra runway for the project should the crypto market suffer another downturn. 10,000 ETH would be sold for Circle’s USDC via a Gnosis auction, Wednesday’s proposal suggested. ENS DAO held around $2.4 million in stablecoin and some 40,000 Ether in its treasury at press time. A member of the Ethereum Name Service (ENS) DAO submitted a governance proposal aimed at diversifying the protocol’s treasury and hedging against further downturns