ENS 创始人想从 DAO 手里「夺权」

Foresight NewsPubblicato 2026-07-02Pubblicato ultima volta 2026-07-02

Introduzione

6月29日，ENS社区关于将ENS DAO安全委员会一票否决权续期两年的提案进入链上投票。创始人Nick Johnson动用大量持仓投出反对票，使反对票激增至355万票，远超最初支持票数。安全委员会成立于2024年7月，旨在通过4/8多签否决恶意提案，以保护DAO超3.5亿美元金库，其权限每两年需续期一次。Nick的反对源于对当前治理状况的担忧。自2025年11月起，他多次指出DAO内部存在政治斗争、有能力者流失、决策权落入经验不足或利益不一致者之手等问题。ENS DAO秘书Limes也曾提议关闭部分工作组，批评提案沦为互相支持的“游戏”。 6月19日，ENS COO Katherine Wu提出改革方案，计划将日常运营、金库管理等移交重组的ENS基金会，并设立董事会以增强执行力，同时承诺DAO保留核心协议治理权。此提案引发争议，批评者认为这削弱了代币持有者对金库的控制，违背了DAO初衷。 Nick投下反对票被视为其对DAO治理模式改革的明确表态。他解释反对是因担心现有委员会权力缺乏制衡，且否决权可能被用于政治目的。随后，Katherine提出了修正案，包括提高否决门槛至5/8、增加权力限制和成员移除机制等。近年来ENS协议收入持续下滑，从2023年的超1000万美元降至2025年的不足200万美元。在行业下行压力下，巨额金库的管理效率成为焦点。Nick凭借其持股份额有能力推动变革，但其推动的集权化改革也使其面临必须证明新基金会能比DAO做得更好的压力。ENS核心团队如何解决治理与效率的平衡问题，成为下一步关键。

撰文:Eric,Foresight News

6 月 29 日,ENS 社区关于将 ENS DAO 安全委员会一票否决权续期两年的提案进入链上投票阶段。开始后不久,超过 80 万的赞成票就远超了不到 30 万的反对票,但 ENS 创始人 Nick Johnson 动用了自身持有的大量 ENS 持仓,一口气将反对票提高到了 355 万票。

ENS DAO 安全委员会成立于 2024 年 7 月。由于彼时 ENS DAO 提案活跃的参与者和投票的票数均较低,为了防止有大户借此发起恶意提案危及 ENS DAO 超 3.5 亿美元的金库,DAO 选择设立安全委员会,通过 4/8 多签给予其对恶意提案的直接否决权限。

但该委员会的权力只限于否决恶意提案,无权干涉正常提案的流程,也无权发起提案,且权限一次只保留两年方便随时调整。

照理说这样一个保护 DAO 金库的组织,在任期结束之前续期权限是一件挺正常的事,为何 ENS 创始人要亲自下场为这个保护 DAO 的提案投下反对票?

要理解这个「独裁」的决定,要追溯至去年 11 月关于 ENS DAO 治理的一次讨论。

笔者曾在《看到 ENS 在为治理头疼,我觉得是该聊聊 DAO 的问题了》(https://foresightnews.pro/article/detail/93316)一文中提到过这一事件:Nick Johnson 在 2025 年 11 月在论坛上写下了一段意味深长的话,大概的意思是现在 ENS DAO 内部充满了政治斗争,有能力的人在慢慢离开,DAO 的领导权反而落入了缺乏经验甚至利益与协议不一致的人手中。

ENS DAO 的秘书 Limes 也在当月提交了一份提案,建议在第六任期结束时,也就是 2025 年 12 月 31 日,终止元治理、生态系统和公共物品三个工作组的运营。至于原因,其一是因为现在提案已经变成了「你支持我,我支持你」的游戏,没有人在意真正应该做什么;其二则是因为没有设置准入标准使得「劣币驱逐良币」的现象频发。Limes 认为改进流程已经解决不了这种结构性顽疾,shut down 是唯一的出路。

虽然这份提案最终并未通过,但 Nick 想要变革 DAO 的想法已经昭然若揭。

6 月 19 日,ENS COO Katherine Wu 在 ENS 论坛发布新提案:《Next Era of ENS DAO: Empowering the ENS Foundation》。提案核心内容有二,一是将日常运营、金库管理和长期资本策略移交给重组后的 ENS 基金会,基金会将负责日常金库操作、公共物品拨款、工作组协调、生态战略、商标 / 品牌资产等。此外,基金会将成立一个 5 人的董事会,增强专业执行力和问责制。

二是承诺 DAO 和代币持有者将保留核心权力,包括协议层治理合约升级、注册表控制、费用结构、宪法修改等。

这份提案最大的争议点在于 DAO 金库。批评者认为这会让基金会及背后的 ENS Labs 实际控制巨额资金,削弱代币持有者的直接影响。ENS 原始宪法作者 Brantly Millegan 表达了强烈反对,认为这违背了代币持有者应同时掌控协议和金库的 DAO 最初设计,本质上是 ENS Labs 想直接控制金库。

这是去中心化原教旨主义者和实际运营者的矛盾,一边不认为低效是基金会「夺权」DAO 的理由,一边经历了数年的沉浮,还是觉得集权至少在当下更有利于项目的发展。

Nick 投下的 300 多万反对票,被视为了打响权力战争的第一枪。

但 Nick 本人也对此进行了解释,其反对的原因是担心当前委员会的权力缺乏足够制衡,续期两年会固化这些问题,同时,他也担心部分成员可能将否决权权力用于政治目的,阻止他们个人不喜欢的普通提案,而非仅限于真正紧急的情况。

为此,Katherine 发布了一个新的提案,提高了否决执行的门槛(从 4/8 提高到 5/8),实施了更严格的权力限制,还添加了成员移除机制等,以防止权力集中。

数据显示,ENS 2023 年全年收入超 1000 万美元,2024 年下滑至 700 万美元,2025 年已经下降至不足 200 万美元。当钱足够多的时候,没人在乎钱会怎么花;但当行业下行,收入下降的时候,即使是几亿美元的资产也需要精打细算。

Nick 持有的大量 ENS 足够他实现这些改变,但卡代币持有量的 Bug 强行实施的改变让 Nick 没有任何退路,新的基金会必须要做的至少比 DAO 更好。「怎么做」是 Nick 下一阶段必须要解决的问题,希望 ENS 的核心团队已经有了答案。

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Domande pertinenti

QENS创始人Nick Johnson为何反对将DAO安全委员会的一票否决权续期两年？

ANick Johnson反对的主要原因是担心当前安全委员会的权力缺乏足够制衡，续期两年会固化这些问题。同时，他担心部分成员可能将否决权用于个人政治目的，阻止他们不喜欢的普通提案，而非仅限于处理真正紧急的恶意提案。

Q在文章中，ENS COO Katherine Wu提出的变革提案（《Next Era of ENS DAO: Empowering the ENS Foundation》）的核心内容是什么？

A该提案的核心内容有两点：一是将ENS DAO的日常运营、金库管理和长期资本策略移交给重组后的ENS基金会，基金会将负责具体执行并成立董事会；二是承诺DAO和代币持有者仍保留核心权力，如协议层治理合约升级、注册表控制、费用结构修改等。

Q针对Nick Johnson的反对意见，Katherine Wu后续提出了什么修改方案？

AKatherine Wu随后发布了一份修订提案，旨在提高否决权的执行门槛（从原来的4/8多签同意提高到5/8），并实施更严格的权力限制，同时添加了成员移除机制，以防止安全委员会的权力过于集中或被滥用。

Q根据文章，ENS DAO内部治理在2025年底前出现了哪些问题？

AENS DAO内部治理出现的问题主要包括：DAO内部充满了政治斗争，有能力的人逐渐离开，领导权落入了缺乏经验或利益与协议不一致的人手中。提案过程变成了“你支持我，我支持你”的游戏，且由于缺乏准入标准，出现了“劣币驱逐良币”的现象。

QENS协议的收入情况在近三年有何变化？文章作者认为这与当前治理斗争有何关联？

AENS协议的收入在2023年超过1000万美元，2024年下滑至700万美元，2025年已下降至不足200万美元。文章作者认为，当行业下行、收入锐减时，即使金库仍有数亿美元资产，资金的使用也需要更加精打细算。这使得关于金库控制权和治理效率的争论变得更加尖锐和紧迫。

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