Nick Johnson, head of ENS development at Ethereum Naming Services, launched a ballot proposal to hire a fund manager to manage an endowment fund that would pay for ongoing development needs without relying on registration and renewal revenue. The funds of the fund will come from the ordinary funds of ETH and USDC currently held by the DAO, as well as the continuous income of the DAO (a certain percentage), until the fund reaches its target size. Voting closes September 14th. ENS DAO currently holds 13,069 ETH income, 3,817,067 USDC and 18,184 ETH advance income.