Explore ENS (ENS) token rights, holder benefits, governance power, and revenue distribution on DefiLlama.

ENS (ENS) Token Rights & Governance

The ENS token carries no direct claim on registration cash flows. Value is governance control over the protocol.

ENS holders, via delegation, govern the ENS protocol and treasury through the ENS DAO. 1 token = 1 vote. Delegates submit and vote on proposals covering protocol changes, registration-fee policy, and treasury spending, constrained by the ENS DAO Constitution.

ENS users users pay annual registration and renewal fees in ETH. The ENS token is a pure governance token for the ENS DAO and is not required to register or use names.