ENS DAO Newsletter #64

Newsletter Roundup (tl;dr):

• ENS Labs Update: ENSv2, Rebranding, ENSjs Library Refactor

• Community Updates: Base Subnames, OP Fault Proof, Console Proposal

• Meta-Governance: Financial Report, New Proposals, Kanban Board

• Ecosystem: Labs Updates, Service Provider Updates, Project Presentations

• Public Goods: Large Grants, ETHMexico Presentation, Rotki Highlight

Welcome to the ENS DAO Newsletter:

• New editions — published bi-weekly (Tuesdays)

• Previous editions are archived on the ENS DAO Archive.

• New proposals are broadcast to Telegram.

• ENS DAO Dashboard 1 is now available for public review.

• Submit feedback — tell us what to feature!

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Refer to the ENS DAO Calendar for ENS DAO working group calls and other events.

• Calendar: Public Access / Access with Gmail

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The Term 5 Dashboard 1, managed by the Meta-Governance Working Group, provides updates and summaries of DAO governance and initiatives. Regularly check it for the latest developments.

Note: A minimum of 100k $ENS is required to submit executable proposals. Once a proposal gains momentum, the stewards will prioritize it for a vote during the designated voting window. See our Governance Docs for more information. To view the real-time distribution of voting power among delegates, visit votingpower.xyz.

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After the approval to reimburse ENS Labs for the legal fees incurred in protecting possession of eth.link, this executable proposal seeks to reimburse ENS Labs and fund the settlement amount of 300k.

Ahead of the vote to deploy the veto contract giving Canceller role to a multisig controlled by the security council, a social proposal will list and confirm these members for DAO approval. Ensuring availability and secure practices of signers is critical. A balanced 4/8 multisig threshold is recommended.

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In June 2024, the ENS Protocol registered 20.1k new .eth domains, bringing the total to 2.045 million. The protocol generated revenue of 986k USD equivalent during this period, all of which were allocated to the ENS DAO. The number of Ethereum account holders with at least one ENS name increased by 15.8k, totaling 886k. There were 14.3k primary ENS names set, making the overall count 865k. Additionally, 5k new avatar records were created, reaching a cumulative total of 179k. — 1

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ENS Labs has announced plans for the ENSV2 upgrade, aiming to enhance decentralization, reduce gas costs, and improve multi-chain interoperability. The new hierarchical registry system will offer better control and customization for users. ENS encourages community feedback to shape this next generation of their service. You can view the full proposal here and leave technical feedback here. For more details, visit the ENS Blog. — 05.28.24

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Luc.eth has announced the launch of a new “Decentralized Web” documentation page, which is the beginning of the dWeb section on the ENS Docs site. This draft document provides an introduction to hosting a decentralized website using ENS. Luc.eth is seeking feedback and suggestions from the community to improve the content. To view the draft and provide your input, visit the Decentralized Web documentation 1. — 05.28.24

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The ENS subgraph has successfully migrated to The Graph Network, enabling ENS to seamlessly pull and display onchain data on ens.domains in a decentralized manner. The ENS subgraph organizes data, including directories of ENS domains, ownership records, resolver addresses, and more. This integration enhances data accessibility and efficiency for ENS users. For more details and to explore the subgraph, visit The Graph Explorer 1. — 05.31.24

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ENS will be present at ETHGlobal in Brussels! Builders are encouraged to utilize the ENS Protocol as part of their developer stack at the Hackathon, held from July 12 to 14. The ENS DAO Ecosystem Working Group is supporting the Hackathon with a $10k sponsorship in prize money. Details will be available soon on the ETHGlobal Brussels site. — 06.04.24

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ENS has introduced the ENSv2 Project Plan, outlining detailed phases for the next generation of ENS. The plan aims to extend ENS to Layer 2, redesigning the protocol’s architecture from the ground up to final implementation. It is divided into five phases and includes a comprehensive technical design document and FAQ.

The ENSv2 Project Plan page will be regularly updated with the latest progress and developments. View the plan here. — 06.20.24

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Pavel Losev from ENS Labs presented “Bringing ENS to Daily Internet Use” at the Swarm Summit. The presentation highlighted how ENS-powered websites can be natively integrated into computers without requiring gateways, enhancing user experience and security. For more information on implementing these integrations, visit the ETH DNS GitHub repository 1. — 06.21.24

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ENS Labs announced an FAQ for ENSv2 to address community concerns about the impact on current ENS names and the platform’s future. The FAQ provides answers to common questions, ensuring transparency and clarity. For more details, visit ENSv2 FAQ. — 06.21.24

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ENS is hosting an exciting event at ETHCC to unveil its new brand. Attendees will get an exclusive first look at the refreshed ENS identity. The event promises to be a highlight of the conference, celebrating the evolution of the ENS ecosystem.

Sign up for the ENS event here and join us for the Brussels celebration! — 06.26.24

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The ENSjs library is now 11% smaller with 67 fewer dependencies, improving efficiency and download times. The new version promises faster performance and reduced bundle size. For more details, visit the ENSjs v4.0.0 Release Notes. — 06.28.24

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• ENS Watercooler: Jefflau.eth & Marta.eth — 06.21.24

• ENS Radio: Console — 06.19.24

• ENS Radio: ENSv2 Project Plan — 06.20.24

• ENS Radio: Blockscout — 06.26.24

• ENS Watercooler: Nick.eth and Khori.eth — 06.28.24

• ENS Radio: Ecosystem Higlights operator.io & ENSPro — 07.03.24

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Participate in improving the ENS Ecosystem! Provide feedback on Canny, where members of ENS Labs and Working Group stewards will work to address your submissions. The ENS community can submit feedback in three main categories: Feature Requests, Integrations, and Bug Reports. You can also participate by upvoting or commenting on existing submissions. We’re listening to the community, send your feedback on Canny now.

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Share updates on projects developing ENS for consideration for inclusion in the newsletter. Submit contributions and describe at least one nifty feature about your project for potential inclusion in the newsletter. Send your contributions here.

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Namespace announced their ENS plugin for web3.js has been downloaded approximately 440 times in just two months. The plugin facilitates ENS registrations, record management, and resolution. The download trend shows significant user engagement, underscoring the plugin’s utility. Try it out here. — 06.18.24

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Interface announced support for Farcaster identities, following Farcaster’s migration to ENS subdomains for improved UX and ecosystem composability. ENS subdomains are stored offchain, enhancing user experience and broader composability. Interface now fully supports these features. — 06.19.24

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Vision has rolled out an update enhancing the social features on Vision profiles. Users can now easily display their social media, email, and website links by setting their records. Profiles can include a bio or description displayed prominently above these buttons. Check out the new features and set up your profile to show off your unique style. For more details, visit Vision. — 06.24.24

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Namestone.xyz published a blog detailing the ENS DAO’s robust transparency initiatives. The report highlights open governance meetings and public forums aimed at enhancing community trust and engagement in decentralized decision-making. For more details, visit ENS DAO Transparency Blog. — 06.24.24

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JustaName launched their ENS subname management and community platform. This new service allows users to manage their ENS subnames efficiently, fostering community building in the Web3 space. For more details, visit JustaName. — 06.25.24

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Namespace announces ENS on Base, enabling users to mint/manage subnames quickly. Stored on Base blockchain, they are resolvable, unruggable, and functional. Leveraging L2 solutions, this ensures security, decentralization, and low gas fees. Public codebase available: GitHub. — 06.27.24

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Slobo.eth launches ENSPro, simplifying Ethereum address management with free, gasless offchain ENS subnames. Set up in 2 minutes for improved privacy and organization. Create up to 1,000 subnames, edit/manage them without gas fees. Ideal for company wallets, degen wallets, and more. Learn more: ENSPro.xyz 1. — 06.27.24

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ENS.Auction is a new platform for ENS auctions. It features an upfront dynamic fee based on a bonding curve to limit noise and encourage realistic valuations. Bidding starts every Friday and extends through the weekend. For more details, visit ENS Auction. — 06.29.24

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Vitalik.eth posted a new article emphasizing the importance of ENS in Web3 as the most useful and important NFTs. He discusses the necessity of Ethereum’s slot-and-epoch architecture for applications like ENS and keystores. While a 12-second block time suffices for some applications, others require this specific architecture. The three types of “slots” in this context are:

1. An Ethereum-native slot-and-epoch architecture

2. Server preconfirmations

3. Committee preconfirmations

For a detailed explanation, visit Vitalik’s Blog. — 06.30.24

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Speak.3Z announced the integration of ENS Domains with the 3num Labs protocol, allowing wallet addresses and ENS names to seamlessly coexist with existing contacts. This innovation supercharges the native address book, supporting Web3 identifiers and normalizing secure communications. For more details, visit Speak.3Z. — 07.01.24

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Clowes.eth announced the launch of the Optimistic Fault Proof gateway at op-gateway.unruggable.com. The gateway runs a flexible virtual machine for proving L2 state on L1. Documentation will be available soon. Users can try resolving using the gateway at opdemo.eth. — 07.01.24

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Steve (@NFTbark) announced that ENS Domains is now a sponsor of the “Coffee with Captain” podcast. Hosted by Steve and Chris Jourdan, the podcast will feature a “More You Know” segment three times a week, powered by ENS. This collaboration aligns with real builders in the Web3 space, highlighting ENS’s significant role. — 07.01.24

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@Castig has proposed transitioning the ENS community from Discord to Console.xyz. This new platform offers ENS and SIWE identity verification, group chat, live video and audio spaces, and event pages. Key benefits include converting Twitter followers into emails to build a direct relationship owned by the ENS DAO, 100% native ENS user verification, and capabilities to securely read onchain data and issue BASE loyalty NFTs. Console.xyz, which supports ENS domains natively and aligns with Web3 principles, aims to enhance the ENS ecosystem. Community members are encouraged to support the proposal by signing here or leaving feedback in the discussion. — 07.02.24

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• Meta-Governance – @5pence.eth

• ENS Ecosystem – @slobo.eth

• Public Goods – @vegayp

• DAO Secretary - @limes

The responsibilities of the Lead Stewards & Secretary are set out in Rule 9.8 and Rule 9.9 of the Working Group Rules.

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Working Group	Time	Schedule	Location
Meta-Governance	1pm UTC	Tuesday	Google Meet
Ecosystem	4pm UTC	Thursday	Google Meet
Public Goods	5pm UTC	Thursday	Google Meet

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The Meta-Governance Working Group provides governance oversight and support for working group operations through DAO tooling and governance initiatives.

Meeting Minutes:

• Minutes for Weekly Meta-Governance Meeting — June 18

• Minutes for Weekly Meta-Governance Meeting — June 25

Meeting Info:

• Tuesdays · 1:00 – 1:45pm UTC

• Meeting Link

Term 5 Meta-Governance Stewards:

• 5pence.eth

• avsa.eth

• estmcmxci.eth

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The June 2024 financial report for ENS presents a positive financial outlook.

Financial Overview:

• Revenue > Cash Burn by 2x, Runway: 193 months

• Revenue $2.6m, vs. $2.5m last month

• Cash Inflow: $1.0m

• Normalized Cash Burn: $.7m Reserves: $136m (ETH: 122M, USDC: 14M)

• Total Endowment: $92.8M, P&L: -$5.3M (ETH mark-to-market)

Review the full report prepared by @Steakhouse here 1. — 07.01.24

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[5.9.1][Social] Funding Request: ENS Meta-Governance Working Group

Meta-Governance is seeking funding to support DAO-wide operations, including Working Groups, treasury management, and governance initiatives. This request aligns with Rule 10.1.1 of the Working Group Rules, and amendments introduced in EP 4.8, and includes vesting contracts as per EP 5.8.

• Vote: Snapshot

• Results: 98.98% approval

• Transaction: None

[5.10][Social] Confirming the ENS DAO Security Council Members

Following EP5.7’s approval, this proposal confirms 8 Security Council members to protect ENS from governance attacks by canceling malicious proposals. The council operates under a 4/8 multisig configuration and has a 2-year veto power. A For/Against/Abstain vote will confirm the members, with a quorum of 1 million votes needed.

• Vote: Snapshot

• Results: 99.99% approval (excluding abstentions)

• Transaction: None

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Corina Pascu recently demoed Dhive.io, a promising new tool for aggregating onchain and offchain governance data, aimed at simplifying information for regular users. Dhive.io has officially indexed ENS data and offers a popular feature that allows users to subscribe to DAO updates through a decentralized push notification protocol.

You can watch the demo and provide feedback via the forum post.

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Kent Fenwick presented two proposals for feedback before a temp check. The first aimed to simplify proposal sponsorship (Watch video and test). The second proposed lower thresholds for proposal creation via bonds (Read more). Efforts with Coinbase to free up hardware-stored ENS for voting continue.

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The Meta-Governance Working Group decided to adjourn the Bylaws process and reorient its approach. Alex Urbelis, ENS Labs’ general counsel, will help create a cohesive framework focusing on defined aspects of DAO governance. This initial framework will serve as the first iteration of the DAO Bylaws and will be subject to a social vote (Read more). Questions? Contact via Telegram: estmcmxci.

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@estmcmxci initiated a discussion using a Kanban board to showcase various initiatives and their current status within the ENS DAO Meta-Governance. The goal is to establish a cadence for scheduling key events and steward changeovers.

Participants are encouraged to leave notes and feedback directly in the FigJam board. For further discussion or questions, you can reach out to estmcmxci via Telegram.

Check out the Kanban board here.

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The Ecosystem Working Group strengthens the ENS Protocol by facilitating developer relations, identifying and funding high-potential projects that enhance ENS, and bolstering support for ENS-aligned initiatives overall.

Meeting Minutes:

• Minutes for Weekly Ecosystem Meeting — June 20

• Minutes for Weekly Ecosystem Meeting — June 27

Meeting Info:

• Thursdays · 4:00 – 5:00pm UTC

• Meeting Link

Term 5 Ecosystem Stewards:

• Slobo.eth

• Limes.eth

• 184.eth

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ENS Labs Updates by @gregskril

1. Graph Migration
   ENS Labs has implemented a subgraph used to track records set to names, sub-names, and other data points. A rate limit has recently been added, so users are encouraged to sign up for a new API key to avoid errors.

2. EthCC
   ENS Labs is hosting a social event on the first day of EthCC. Attendees can look forward to an upcoming rebrand announcement. For more details and to RSVP, visit x.com.

3. EthGlobal
   Join the upcoming hackathon at EthGlobal by signing up here.

4. ENSv2 Roadmap
   The ENSv2 roadmap is now available, providing a detailed breakdown of the project phases and ongoing developments. Key resources include the ENSv2 Roadmap and the FAQ site.

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1. Project Highlights by @hidayath.eth
   hidayath.eth presented, WebHash, a project which tokenizes decentralized websites for ENS and DNS domains. Create subdomains and add records via the UI, with support from Resolver Works. Tokenize websites on IPFS, transfer ownership, and view on OpenSea.

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1. Namespace (@cap)
   Namespace is now offering free minting of subnames on Base through base.namespace.tech. The platform allows users to mint from a variety of subnames, add records, and mint fully functional ENS names. The project is currently hosted on GitHub and plans to launch on other Layer 2 solutions. Additionally, Namespace has developed the ENS Namespace Plugin, which is nearing 500 downloads.

2. Resolver Works (@slobo.eth)
   Resolver Works introduced ENSPro.xyz for personal, gasless subname management. Add, edit, and remove subnames without gas fees using an offchain resolver. Retains text records and supports multiple subnames per ETH address.

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The Public Goods Working Group supports the greater Ethereum ecosystem by identfying and funding open-source development.

Meeting Minutes:

• Minutes for Weekly Public Goods Meeting — June 20

• Minutes for Weekly Public Goods Meeting — June 27

Meeting Info:

• Thursdays · 5:00 - 5:45pm UTC

• Meeting Link

Term 5 Public Goods Stewards:

• Coltron.eth

• Vegayp.eth

• Simona.eth

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The ENS DAO Public Goods Working Group has launched the Q3 2024 Large Grants, offering up to 300k USDC for Ethereum and Web3 public goods projects. Awards range from 12k to 50k USDC. Applications are open until July 18th on Questbook. For more details, visit the discussion post. — 06.17.24

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Bricia Guzman presented ETHMexico, a key event for Ethereum developers in Yucatan near Cancun, expecting 600-800 attendees. ETHMexico is building rapport with ENS and would like to collaborate, focusing on sponsorships and impact measurement. More info: Event Report, Event Video.

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The ENS DAO Public Goods Working Group awarded Rotki 50k USDC for developing an open-source solution to track and analyze crypto and traditional finance portfolios. The detailed article explores the features of Rotki’s portfolio manager. For more details, visit ENS DAO Grants.

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ENS DAO offers several resources for understanding and participating in its ecosystem.

• ENS DAO Basics: Details the ENS DAO, including voting and governance.

• Support Docs: Provides guidance on registration, renewals, and development aspects.

• Governance Docs: Offers additional insights into governance structure.

• ENS Agora: Governance hub for proposal review and voting.

• Give Feedback: Feedback platform where users share input to improve ENS.

• ENS Repository: The ENS Protocol’s main Github Repository.

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Thank you very much for reading! Goodbye. 👋