ENS DAO Newsletter #53 — 1/30/24

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ENS DAO Newsletter #53 - 1/30/2024

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:sunny: Welcome!

Welcome to the ENS DAO Newsletter:

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:newspaper: Newsletter Roundup (tl;dr)

  • ENS Labs Update: Gasless DNSSEC Live on Mainnet
  • Community Updates: ENS Leaderboard on Farcaster, Box Domains
  • Meta-Governance: Service Provider Streams, Endowment Year End Review
  • Ecosystem: Testnet Deployment Addresses, Core Updates
  • Public Goods: EFP Milestone Presentation, New Funding Initiatives

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:spiral_calendar: Calendar

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

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:ballot_box: Recent Proposals

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

Proposal Discussion Vote
[EP5.1] [Executable] Upgrade DNSSEC support Open Executed
[EP5.2] [Executable] Commence Streams for Service Providers Open Executed

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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:cyclone: ENS Labs Updates

:chart_with_upwards_trend: ENS Stats: December 2023

In December 2023, ENS continued its growth with 23.4k new .eth domain registrations, bringing the current total to 2.1m names. Protocol revenue reached $1.36m for the month, with all proceeds benefiting the ENS DAO. The number of new Ethereum accounts with at least one ENS name rose by 18k, culminating in a total of 800k. Primary ENS names set during this period tallied at 16.8k, contributing to an overall count of 701k. Additionally, 4.6k new avatar records were established, rounding up the total to 143k.

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Testnet Deployment Addresses (Holesky and Sepolia)

ENS Labs has implemented updates to the ENS contracts, deploying them to the Holesky testnet, in light of the Goerli testnet being deprecated. The updates include new addresses for core components such as the ENS Registry, Base Registrar Implementation, ETH Registrar Controller, Public Resolver, Name Wrapper, Universal Resolver, and Reverse Registrar. Developers are advised to use discovery mechanisms provided by ENS to avoid interfacing with outdated contracts, and it’s highlighted that direct use of addresses for upgradeable contracts is discouraged due to the likelihood of future changes. The latest deployment information and main addresses for Holesky and Sepolia, as of the 27th of January, have been detailed on the forum. — 1.26.24

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Gasless DNSSEC Support

EP5.1 has been successfully executed, and a new version of the DNSSEC oracle and DNS registrar, which enables ‘gasless DNSSEC’ functionality, is now live on the Ethereum mainnet. This marks a significant milestone for ENS, as it allows the use of DNS names within ENS without requiring on-chain transactions. For a helpful walkthrough, read the ENS Support Documentation — 1.29.24

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:radio: ENS Media Alerts

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:globe_with_meridians: Community Updates

ENS Leaderboard on Farcaster

ENS Leaderboard, developed by limes.eth, showcases the most followed Farcaster accounts with .eth usernames. — 1.17.24

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Integration: Smart Layer

Smart Layer, a programmable blockchain-based service network that enables complex token logic execution and integration has integrated ENS’ CCIP-read (ERC-3668) with their Smart Cats executable NFTs. This integration has led to over 20,000 Smart Cat holders claiming an ENS subname. The open-source code for this implementation is available on GitHub, along with the resolver contract address. — 1.17.24

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Webhash — dWebsite Hub

Hidayath.eth announced WebHash.com, a platform for creating decentralized websites using Web3 technology. It allows users to build linktree-like sites connected to their ENS domains. These sites are secure, censorship-resistant, and hosted on IPFS, ensuring no single point of failure. Users can showcase diverse content like images, videos, articles, and NFTs. The service is tailored for creators, influencers, artists, and businesses, emphasizing control over digital identity and presence in a decentralized web environment. — 1.18.24

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Introducing Box Domains

Yahoo Finance recently profiled the launch of .box domains, a new blockchain native and DNS routable domain system. This innovation, led by My.box Inc., is lauded for its unique ability to bridge Web2 and Web3, integrating features from both worlds. Nick Johnson played a significant role in its development. He expressed enthusiasm for the .box implementation, appreciating its seamless interoperability between the DNS and ENS systems. This collaboration signifies a major step in blending traditional internet infrastructure with the decentralized, blockchain-based approach of Web3. — 1.18.24

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Box Domains Goes Live

Box Domains has launched the world’s first blockchain-native, DNS routable domain, known as .box, which offers decentralized ownership and various web services integration, including ENS and DNS record management. This initiative, powered by the 3DNS network built on Optimism, marks a significant development as .box domains are designed to work with both DNS and ENS, ensuring compatibility with standard internet services and boasting ICANN accreditation. — 1.18.24

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Integration: Console

Console, a community-building chat application that integrates Web3, announced its support for ENS, emphasizing its dedication to privacy and the decentralized ownership of its users, alongside providing robust tools for chat, events, and collaboration. — 1.19.24

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EAS Fellowship Announced

EAS (Ethereum Attestation Service) is a global infrastructure layer for on-chain attestations, designed as a public good to be open-source, permissionless, and free of charge. It has launched an Attestation Fellowship program aimed at fostering innovation in this space, where selected teams can develop attestation products with guidance from industry experts, including Eskender, the head of product at ENS, who will be contributing as a mentor. — 1.19.24

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Integration: Airstack

Airstack, a platform that provides Web3 data APIs, allowing developers to build blockchain applications by integrating cross-chain and cross-protocol data through GraphQL APIs, launched a new feature that allows reverse cb.id name resolution through its APIs, providing the capability for applications to display Coinbase Wallet users’ names instead of hexadecimal addresses. Additionally, Airstack has enhanced its service offerings with API access to manager fields, avatars through CDN, and multi-chain address resolution, as well as text records for social media handles like Twitter and Telegram. — 1.22.24

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Integration: Fleek

Fleek has integrated ENS into its platform, enhancing its existing feature set from Fleek.co. This integration allows users to configure ENS records directly within Fleek, including setting content hashes for domains, handling subnames, and unwrapping names in-app, streamlining the process for users to use ENS domains with Fleek’s services. — 1.22.24

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“The only non-financial application that is actually being used at a large scale onchain is ENS” — Vitalik.eth

Vitalik.eth recently discussed with CoinTelegraph emphasizing the importance of returning to Ethereum’s cypherpunk roots, focusing on principles like decentralization, open participation, and censorship resistance. He highlights ENS as a key non-financial application aligning with these principles. Buterin criticizes the dominance of financially driven activities like trading in memecoins and NFTs on Ethereum, suggesting they detract from the network’s foundational values. — 1.23.24

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Variant Fund Discusses Namespaces

Variant Fund, a venture capital firm dedicated to investing in an internet that turns users into owners, profiled the emerging trend of onchain namespaces as a new crypto business model, highlighting ENS as a key player in the arena. They suggest that social graphs can leverage ENS to bootstrap an identity layer for new decentralized applications. Namespaces are seen as a viable business model for crypto consumer applications, offering opportunities for ownership and governance over these unique digital identifiers. — 1.25.24

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Onthis.xyz — Naming Standard Discussion

Igor Yuzo, from the platform “onthis.xyz,” has put forth a proposal for a Naming Standard to address the complexities of creating a user-friendly and lasting system for the platform’s shortcut operations.

“Onthis.xyz” enhances Ethereum transactions by enabling the use of human-readable smart contracts for a variety of actions, including bridging, swapping, staking, and minting, directly via user wallets. The platform simplifies the process by allowing users to execute transactions through specific ENS domains such as “toarbitrum.eth.” These transactions are automated to perform the desired actions—for instance, bridging to the Arbitrum network—and the resulting ETH is seamlessly transferred to the user’s intended wallet. — 1.25.24

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Integration: Zora

Zora, a platform for minting, buying, and selling unique digital items as NFTs, has integrated ENS to enhance its platform, allowing users to follow Zora profiles that are named using ENS domains. — 1.26.24

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Addressing Ethereum’s Centralized Vulnerabilities: lefteris.eth on the Risks and Solutions

Lefteris Karapetsas, founder of Rotkiapp and ENS DAO delegate, appeared on the Unchained Crypto podcast to discuss a critical bug in the Nethermind execution client affecting Ethereum. He emphasized the risks of a supermajority client like Geth, used by most Ethereum validators, and its potential for catastrophic forks. Karapetsas also addressed concerns about staking services, the incentive system for client diversity, and proposed solutions to improve network resilience. This discussion highlights the importance of diversity among Ethereum clients to mitigate centralized vulnerabilities. — 01.26.24

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Nick.eth Discusses Decentralized Solutions in Cointelegraph Feature

In a recent feature by Cointelegraph, Nick.eth was highlighted for his views on the advancement of blockchain technology: “As blockchain technology advances, there is a decentralized alternative for every centralized option.” His statement encapsulates the growing sentiment among blockchain advocates about the potential of decentralized technologies to provide alternatives to traditional centralized systems. — 1.30.24

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:pushpin: Working Group Bulletin

Term 5 Lead Working Group Stewards + Secretary Appointment

Appointments:

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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ENS DAO Working Group Schedule (2024):

Working Group Time Schedule Location
:balance_scale: Meta-Governance 2pm UTC Tuesday Google Meet
:seedling: Ecosystem 5pm UTC Thursday Google Meet
:high_brightness: Public Goods 6pm UTC Thursday Google Meet

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:balance_scale: Meta-Governance

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

Meeting Info:
The Meta-Governance Working Group will commence public calls on February 6th at 2PM UTC. Please refer to the ENS DAO Calendar for meeting information.

Term 5 Meta-Governance Stewards:

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Endowment Year End Review (2023)

Karpatkey has prepared an overview of the key highlights of the ENS DAO Endowment. It outlines the endowment’s financial performance, DAO metrics, strategies and implementation, risk management, and community engagement. This concise summary captures the essential facts and figures to provide a clear understanding of the endowment’s achievements and activities in 2023: — 1.24.24

  • Financial Performance: Accumulated $1.06 million in revenue with an average APY of 3.28%. December 2023 figures showed $70.89M in non-custodial assets under management, 99.1% capital utilization, a projected APY of 4.33%, and expected annual revenue of $3.07M.
  • DAO Metrics: The ENS DAO reported $29.8M in operational revenues and $8.9M in expenses. The DAO reserves ended the year at $98.2 million, indicating an 11-year operational runway dedicated to enhancing the ENS system.
  • Strategies and Implementation: Utilized the Zodiac Module for trust-minimized management, diversified ETH into stablecoins and USD-neutral strategies, and adapted strategies to market dynamics.
  • Risk Management: Developed a detailed risk assessment framework and set up a comprehensive monitoring system.
  • Reporting and Community Engagement: Maintained regular reporting, introduced a Dune Analytics dashboard for governance transparency, and engaged in community discussions.

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Service Provider Streams

The ENS Developer Stream has been activated. Following the successful completion of the voting and execution phases, the process is now entering its final stages. The stream is scheduled to commence for the nine selected finalists on February 1st, pending completion of required documentation. — 1.26.24

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:seedling: Ecosystem

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:

Meeting Info:

Term 5 Ecosystem Stewards:

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:hammer_and_wrench: Core Updates

a. Gasless DNSSEC Proposal:

  • EP5.1 has been executed. It will deploy a new version of the DNSSEC oracle and DNS registrar to enable ‘gasless DNSSEC’ functionality.

b. Library Updates:

  • ENS.js library is continuously being updated in preparation for the new DNSSC Contracts.

c. WAGMI Updates:

  • useEnsText: A new hook for fetching text records for a specified ENS name and key.

d. Frontend Updates:

  • GitHub Repository: The starter web app for Web3 developers can be found at ensdomains/frontend-template.
  • Next.js Framework: This template is tailored to expedite the setup process for developers embarking on new Web3 projects.
  • Library Updates: It has been recently updated to incorporate the latest libraries from the ecosystem, including wagmi.

e. Testnet Deployment Addresses:

  • Network Updates: ENS contracts now live on Holesky; Goerli deprecated.
  • Contract Addresses: New core addresses: Registry, Registrars, Resolvers.
  • Development Guidance: Use ENS discovery, not direct addresses, for interfacing.
  • Deployment Info: Holesky and Sepolia addresses updated on the forum as of Jan 27.

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:sunny: Public Goods

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

Meeting Minutes:

Meeting Info:

Term 5 Public Goods Stewards:

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Meeting Format Update

DAO participants may now request to add agenda and other discussion items on the Public Goods Working Document. This is an effort by the Working Group to allow for more accessibility and flexibility in the nature and structure of weekly meeting. — 01.11.24

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Large Grants Milestone Presentation

The Large Grants milestone presentation outlined the progress of the Ethereum Follow Protocol (EFP), an on-chain social protocol for ENS accounts functioning on both L1 and L2. With 36 launch partners, the project was scheduled for a mid-Q1 launch and has an open-source repository available on GitHub.

The EFP Indexer is an off-chain program designed to listen to on-chain events/data and mirror it off-chain to be efficient for web applications. It also provides an Indexer API for accessing data such as followers and blocks. The team is developing their own version of an ENS metadata service to handle increased loads and parse data as the ENS ecosystem expands. Upcoming steps include finishing the web app development, along with testnet testing and refining. — 1.18.24

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Public Goods Funding Inititaives

The Public Goods Working Group is currently investigating two potential funding initiatives: — 1.25.24

  • The first is an “Optimism style RPGF training program” titled EasyRetroPGF, which was established by Kevin Owocki. The platform is chain and platform agnostic and is designed to facilitate the launch of RPGF rounds. Information and discussions about the program are directed to the EasyRetroPGF.xyz Training Program, which is currently in the information gathering stage.
  • The second initiative is a partnership with Giveth for the “Giveth x ENS builder’s rounds,” aimed at funding public goods with teams of fewer than five people. The first round offers a 10k matching pool and will utilize Optimism for the dispersal of funds, with the flexibility to adjust the matching pool based on the quality and number of applicants. Fundraising can be conducted on any chain, and applicants are required to fill out a form detailing budget requests, proof of public good, milestones, and team information. Projects must be created on Giveth to get verified, and Giveth will hold meetings with Public Goods to discuss the applicants.

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:memo: Resources

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. :wave:t2:

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