ENS DAO Newsletter #68

Newsletter Roundup (tl;dr)

• ENS Labs: frENSday.eth, New Hire, Domain Security

• Community: Dentity, Basenames, Talent Protocol

• Meta-Gov: Voting Period, 2H Budget, DAO Tooling

• Ecosystem: ENSv2, ENSIP Updates, Project Highlights

• Public Goods: DAO Tokyo

• New editions — Bi-weekly on Tuesdays

• Previous editions — Archived on the ENS DAO Archive

• New proposals — Updates via Telegram

• ENS DAO Dashboard — Available for public review

• Submit feedback — Share what you’d like to see

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

• Calendar: Public Access / Access with Gmail

This proposal aims to introduce new permissions for deploying Endowment funds, focusing on improved diversification and alignment with the evolving market landscape and liquidity. @karpatkey is also introducing an independent audit report alongside the Permissions Update. This will be the standard practice for Permissions Updates going forward.

• Vote: Tally

• Audit: ThirdGuard

• Transaction: Etherscan

• Discussion: Open

• Results: Pending

• Status: Active

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The Term 5 Dashboard and the Voting Period Bulletin provide updates and summaries of DAO governance and proposals. Check them regularly for the latest developments.

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Proposals are the means by which changes are made to the status quo. There are two types of proposals:

1. Social Proposals: Off-chain proposals that seek the DAO’s agreement on a social consideration that cannot be enforced on-chain.

2. Executable Proposals: On-chain proposals that execute code related to the ENS Protocol and ENS DAO smart contracts, as voted on by the DAO.

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

ENS Labs has officially launched the frENSday.eth website in preparation for the inaugural event scheduled for November 11, 2024, at Devcon in Bangkok, Thailand. The event will feature discussions on cutting-edge topics, including L2 Infrastructure, Consumer Applications, Identity & Account Abstraction advancements, and ENSv2. Attendees can participate either in person or via livestream, making it accessible to a global audience.

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ENS Labs is excited to announce Katherine Wu @katherine.eth as the new Chief Operating Officer. Katherine brings a wealth of experience from her previous roles as a Venture Partner at Archetype, a key leader at Coinbase Ventures, and a former ENS DAO Meta-Governance Steward. With her extensive background in the crypto space and her dedication to making cryptocurrency more accessible, ENS Labs is confident that Katherine will play a pivotal role in shaping the future of ENS.

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ENS founder Nick Johnson joined Cointelegraph reporter Chris Roark for an in-depth discussion on the security of Web2 domains, focusing on how to protect crypto assets from DNS attacks. The conversation comes in the wake of recent hacks that have raised concerns about the safety of Web2 infrastructure in the crypto space.

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• ENS Radio: ENS Subnames on Linea’s zkEVM Layer 2

• ENS Watercooler: Q&A with ENS Labs

• ENS Radio: Basenames Powered by ENS — 08.29.24

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Participate in improving the ENS Ecosystem! Provide feedback on Canny, where members of ENS Labs and Working Group stewards will address your submissions. Submit feedback in Feature Requests, Integrations, and Bug Reports, or upvote/comment on existing submissions. Share your feedback on Canny here.

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Share updates on ENS-related projects for inclusion in the newsletter. Submit contributions and describe at least one feature about your project here.

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ENS partnered with Dentity to enable real-world identities to be linked securely to ENS domains. This integration allows users to verify their personhood and connect their social identities on ENS, taking their digital presence to the next level. With full control over what personal information is shared, users can define the scope of their onchain identity, control what’s publicly accessible, and keep their Personally Identifiable Information (PII) offchain. This partnership transforms ENS domains into verified digital identities across Web3 and beyond.

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Base has announced the launch of Basenames, which are now live on the Base. Each Basename is a unique base.eth subname, designed to make it easier for users to connect, collaborate, and contribute onchain. This integration allows users to claim their base.ethusernames, further enhancing their onchain identity.

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ENS has teamed up with Talent Protocol to integrate Basename Credentials, creating portable onchain identities. This partnership allows ENS profiles to tie in with onchain reputation systems like Talent Protocol, enabling individuals to carry their reputation across the internet. The Basename Credential is designed for Base builders, linked with Talent Protocol’s Builder Score, making it easier to connect, collaborate, and contribute onchain.

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This week, ENS highlighted projects like GMX that are leveraging XMTP for direct user connections via clients such as Coinbase Wallet. These projects utilize ENS to enable human-readable names, enhancing the user experience in Web3 messaging.

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ENS is a Contributor Sponsor at DAO Tokyo, the largest global gathering for DAO contributors, taking place on August 21-22, 2024. This sponsorship highlights ENS’s commitment to supporting the growing DAO ecosystem.

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• Meta-Governance – @5pence.eth

• ENS Ecosystem – @slobo.eth

• Public Goods – @simona_pop

• 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

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 — August 13

• Minutes for Weekly Meta-Governance Meeting — August 20

Term 5 Meta-Governance Stewards:

• 5pence.eth

• avsa.eth

• estmcmxci.eth

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The new ENS DAO homepage on Tally is now live, offering a sleek and comprehensive interface for DAO governance. Explore and participate in the governance process at tally.ensdao.org.

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

Financial Overview:

• Revenue > Cash Burn, Runway: 166 months

• Revenue $2.64M, vs. $2.6M last month

• Cash Inflow: $1.0M

• Normalized Cash Burn: $0.8M

• Reserves: $130M (ETH: 117M, USDC: 13M)

• Total Endowment: $89.1M, P&L: -$3.6M (ETH mark-to-market)

Review the full report prepared by @Steakhouse here.

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The July Endowment report is now available on Karpatkey’s website. This report provides a detailed overview of the endowment’s finances and allocations. A high-level overview is provided below:

Balance Overview:

• Total funds in the endowment: $95,835,233

• Capital utilization: 75.3%

• Monthly DeFi results: $315,738

Review the full report prepared by @Karpatkey here.

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The Meta-Governance Working Group posted their budget for Term 5 (Q3-Q4 2024). This funding will support ongoing initiatives, including operations, treasury administration and strategic oversight to ensure the DAO’s long-term sustainability.

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Andreas @Momonosukke from Fileverse presented dDocs at the recent Meta-Governance Working Group call. Fileverse, one of the first grant recipients from ENS, has developed dDocs, a decentralized alternative to Google Docs. Key features of dDocs include:

• Decentralized Collaboration: Users can create and collaborate on documents without a login, using peer-to-peer technology, with no centralized server involved.

• Identity Options: Users can identify themselves with ENS or remain anonymous, with all documents encrypted for security.

• Farcaster Integration: Ability to create shareable Farcaster links that automatically generate a Frame.

• Commenting Control: Option for users to allow others to only comment on documents.

• Multi-Sig Document Management: When creating an account, dDocs automatically generates a multi-sig controlling how the document is shared.

• Mobile-Native: The platform is designed to be mobile-native with split-screen and markdown compatibility.

• Fully Decentralized Backend: dDocs uses IPFS for its backend, ensuring the platform will continue to run even if the Fileverse team disappears.

• DAO Collaboration: Ideal for DAOs that want trustless collaboration without needing a single admin, with multi-sig management for document control.

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During the recent Meta-Governance Working Group call, the Agora team provided updates on their progress:

• Proposal Bond Snapshot:

  • Agora plans to put up a snapshot for the Proposal Bond.

  • They are seeking feedback on the ENS Governor Upgrade to make proposing more accessible.

  • The team will aim to reach a consensus on the bond amount via the forum before moving forward with the snapshot.

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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 supporting ENS-aligned initiatives.

Meeting Minutes:

• Minutes for Weekly Ecosystem Meeting — August 15

• Minutes for Weekly Ecosystem Meeting — August 22

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Term 5 Ecosystem Stewards:

• Slobo.eth

• Limes.eth

• 184.eth

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During the latest update, Gregskril.eth provided a link to the ENS Labs GitHub repository that offers users insights into the current thought process and developments surrounding ENSv2. The repository can be accessed here, giving the community a detailed look at where ENS Labs is heading with the next iteration of the ENS ecosystem.

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Blockful presented a proposal to improve ENSIP-16 through the ENSIP-16 v2: Metadata API Improvements. Key points of the proposal include:

• Off-Chain Flexibility: While onchain ENS interactions are straightforward, the offchain environment is evolving to provide more flexibility and functionality. The proposal focuses on enhancing the off-chain domain’s metadata retrieval and available records.

• Modification of ENSIP-16 Specification: The proposal aims to modify the ENSIP-16 specification to improve developer experience and reduce latency for user interactions.

• Improved Schema and Resolver Implementation: These improvements represent significant progress in ENS functionality, creating a more robust, efficient, and flexible system for managing and resolving ENS domains, both on-chain and off-chain.

• Crucial Role in ENS Ecosystem Evolution: As the ENS ecosystem continues to evolve, these developments will play a crucial role in expanding its utility and adoption across the Ethereum network and beyond.

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Ulaş Ergodan @ulerdogan presented updates on Clave and its mission to turn smartphones into hardware wallets with self-custodial access via biometrics. Key features of Clave include:

• ZKSync Integration: Supports native account abstraction, designed to excel in scalability as ZKSync grows and evolves.

• Usernames for Payments: Simplifies payment processes with ENS-powered usernames.

• One-Click DeFi Access: Enables quick access to decentralized finance applications.

• Social and Email Backups: Provides secure backups for users’ social and email accounts.

• clv.eth Subnames: Offers subnames to all users, with approximately 11,000 subnames registered that resolve to L1.

• RIP-7212 Development: The team is actively working on using passkeys onchain under the RIP-7212 proposal.

• Storage Proofs on ZKSync: Clave is generating and verifying storage proofs on ZKSync, with an accessible GitHub repository.

• Dune Dashboard: Tracks Clave subnames with a dedicated Dune dashboard.

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Timur Badretdinov from Scope.sh presented updates on their Block Explorer, which integrates ENS labels across every chain. Key features of Scope include:

• Cross-Chain ENS Integration: The Block Explorer looks up the chain first, then falls back on Ethereum, and finally checks the rest of the chains for ENS labels.

• ENSIP-11 Implementation: Scope utilizes ENSIP-11: EVM compatible Chain Address Resolution

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Slobo.eth shared an update on votingpower.xyz, which provides transparency in governance by making it easy to see the top delegates and who delegates to them within the ENS ecosystem. The platform is super fast, open-source, and helps enhance governance by offering clear insights into delegate voting power.

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

Meeting Minutes:

• Minutes for Weekly Public Goods Meeting — August 15

Term 5 Public Goods Stewards:

• Simona.eth

• Coltron.eth

• Vegayp.eth

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The ENS DAO Public Goods Working Group Stewards were present at DAO Tokyo, the largest global gathering for DAO contributors. The event provided a platform for discussions on Public Goods, governance, and the future of decentralized autonomous organizations.

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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: Share input to improve ENS.

• ENS Repository: The ENS Protocol’s main GitHub repository.

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Thank you for reading! Goodbye. 👋