# @LefterisJP: ENS DAO proposal to transfer $500M treasury to foundation

Source: https://x.com/lefterisjp/status/2069126550314701172?s=12

DAOs are so dead that I see nobody noticed or discussed this proposal that @ENS_DAO essentially dissolves itself and transfers control of the entire treasury (almost half a billion in ENS + stables) to the ENS foundation.