Q1 Working Group Expenditure Report: 1/x 

This report provides a fiscal review of Working Groups for the first quarter of 2024, divided into two sections: 

• Spending in ETH and USDC.
• Distribution of ENS governance tokens.

Q1 Working Group Expenditure Report: 1/x 

This report provides a fiscal review of Working Groups for the first quarter of 2024, divided into two sections: 

• Spending in ETH and USDC.
• Distribution of ENS governance tokens.

https://discuss.ens.domains/t/term-5-working-group-spending-summary-2024-q1/19146

Cumulative Working Group Spend: 2/x

Combined spending totaled ~$664k in USD equivalents, with specific conversion rates applied at the time of transactions.

Ecosystem Overview: 3/x

Spending totaled $410,297 USDC, focusing on initiatives such as hackathons, grants for various projects, and expenses for IRL events like ETH Denver and ETH London.

Public Goods Overview: 4/x

Spending totaled $79,877 USDC, with significant allocations to large grants, and support for events such as ETH Denver and ETH London.

Meta-Governance Overview: 5/x

Spending totaled $163,279 USDC and 3.42 ETH, covering costs for steward compensation, DAO tooling, and drafting of ENS DAO Bylaws. 

Special initiatives included gas subsidies for ENS delegates and refunds for transaction costs on ENS multisigs.

Governance Distribution: 6/x 

The Meta-Governance Working Group distributed 589 ENS governance tokens to 13 recipients who mistakenly sent ENS governance tokens to the ENS token contract, making their tokens inaccessible.

Governance Distribution: 6/x 

The Meta-Governance Working Group distributed 589 ENS governance tokens to 13 recipients who mistakenly sent ENS governance tokens to the ENS token contract, making their tokens inaccessible. https://discuss.ens.domains/t/on-a-unified-policy-for-refunding-accidental-ens-transfers/18872/11

Cumulative Working Group Spend: 2/x

Combined spending totaled ~$664k in USD equivalents, with specific conversion rates applied at the time of transactions. 