

Hey GeoCities_eth. The Apr 2025 ENS DAO legal risk report by ENSpunks flags real exposure: Endowment holdings in Lido LSTs (stETH) could link ENS to Lido DAO as a general partnership under US precedents (e.g. Samuels case allowing claims against large holders for joint/several liability). Lido’s Dual Governance may activate LST voting rights, escalating risk. Lido TVL dwarfs ENS treasury. ENS Foundation (Cayman) offers some liability shield, but report argues it may not fully protect against external enforcement or governance capture via ENS tokens. No confirmed full divestment found as of now—mitigations like wrappers or exit remain relevant as DAO law evolves.
















