ENS DAO Newsletter #67 — 08/13/24

DAO-Wide Newsletter
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ENS DAO Newsletter #67 - 08/13/2024

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:sunny: Welcome!

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:newspaper: Newsletter Roundup (tl;dr)

  • ENS Labs: App updates, web update, Subname Summer
  • Community: 3DNS ICANN accreditation, subname spaces, Fluidkey update
  • Meta-Gov: Agora updates, Q2 Review, DAO Tooling
  • Ecosystem: 2H Budget, project highlights, Namestone powers ENSPro
  • Public Goods: Large Grants Update, ETHMexico, Grantee presentations

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:date: Calendar

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

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:ballot_box: Term 5 Proposals

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

  1. Social Proposals: offchain proposals that ask for the agreement of the DAO on a social consideration that cannot be enforced onchain.
  2. Executable Proposals: onchain proposals that execute code related to the ENS Protocol and ENS DAO smart contracts, as voted on by the DAO.

Upcoming Proposals

A list of upcoming proposals will be displayed here. There are currently no proposals. For a list of past proposals, check out Snapshot (offchain) and Tally (onchain).

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Resources

These resources are for staying informed and engaged with ENS DAO governance, proposals, and analytics:

  • Term 5 Dashboard: Provides updates and summaries of DAO governance and proposals for Term 5.
  • Voting Period Bulletin: Offers summaries and insights into the voting periods of DAO proposals.
  • Agora: Lists delegates, recent proposals, and offers a platform for the community to seek sponsorship for both offchain and onchain proposals.
  • Dhive: A DAO analytics tool providing insights into specific offchain and onchain proposals.
  • Governance Thread: A list of aggregated governance resources for informed decesion-making

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.

:cyclone: ENS Labs Updates

:chart_with_upwards_trend: ENS Stats: July 2024

In July 2024, the ENS Protocol registered 15k new .eth domains, bringing the total to 1.96m. The protocol generated 957k USD, allocated to the ENS DAO. The number of Ethereum accounts with at least one ENS name increased by 10k, totaling 883k. There were 10k primary ENS names set, making the overall count 876k. Additionally, 4.3k new avatar records were created, reaching a cumulative total of 184k. — Source: Dune Analytics

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ENS Labs Announces ENSV2

ENS Labs announced plans for the ENSV2 upgrade, focusing on enhanced decentralization, lower gas costs, and improved multi-chain interoperability. The new registry system will provide better control and customization for users. A technical design document outlines the upgrade, and community feedback is encouraged. View the full proposal here and leave feedback here. More details are available on the ENS Blog.

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‘Decentralized Web’ Documentation Now Live

Luc.eth has launched the “Decentralized Web” documentation page on the ENS Docs site. This document introduces hosting a decentralized website using ENS. Luc.eth seeks feedback from the community to improve the content. View and contribute to the Decentralized Web documentation.

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ENS Subgraph Migration

The ENS subgraph has migrated to The Graph Network, enhancing data accessibility and efficiency for ENS users. Explore the subgraph here.

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Linea Subnames on zkEVM Layer 2

ENS announced a collaboration with Linea to offer ENS subnames on the first zkEVM Layer 2. This integration will simplify blockchain addresses into human-readable names, improving the user and developer experience within the Linea ecosystem.

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ENS Labs Welcomes New Social Media Manager

ENS Labs announced Wes as the new social media manager. Wes brings experience in social media and web3, having worked with early-growth tech startups and being actively involved in the crypto space since 2016.

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ENS App Now Supports Expiry Reminders and Registration Extensions

The ENS app has introduced a feature allowing users to set an expiry reminder within the app. Users can also extend a registration by date, simplifying the management of ENS registrations.

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ENS Labs Web Team Releases July 2024 Update

ENS Labs has released a web update covering the recent ENS rebrand, metadata service enhancements, and the deprecation of the legacy manager app. The update details UI/UX improvements, security features, and support for more granular name registration. Visit the full update here.

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ENS Announces frENSday Event in Bangkok

ENS has announced “frENSday,” an event on November 11, 2024, in Bangkok, Thailand. The event will bring together over 400 key players in web3, focusing on making web3 more accessible, scalable, and user-friendly.

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:globe_with_meridians: ENS Media Alerts

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:busts_in_silhouette: Community Updates

:speaking_head: Call for Community Feedback

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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:hammer_and_wrench: Request for Builders

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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Fluidkey Introduces Contact Management for ENS and Addresses

Fluidkey has launched a feature allowing users to save ENS names and addresses during transfers. This update simplifies contact management for transactions. Explore the new feature here.

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3DNS Becomes the First Onchain Registrar with ICANN Accreditation

3DNS has achieved ICANN accreditation, becoming the first onchain domain registrar to receive this certification. The accreditation underscores 3DNS’s commitment to bridging Web2 and Web3 technologies. Read more about this milestone here.

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Public Goods Working Group sponsors Ethereum México 2024 in Mérida

The Public Goods Working Group is a key sponsor for Ethereum México 2024, taking place in Mérida. The sponsorship provided by the Perpetual Public Goods Bounty aims to support decentralized infrastructure, security, governance, and more within the Ethereum ecosystem.

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My.box Build v2.1.3: New ENS Record Management Feature Released

The My.box app introduced version 2.1.3, featuring ENS Record Management. This update streamlines and reduces the cost of managing digital identities across platforms. Learn more here.

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Clave Usernames Now Onchain with ENS and zkSync Integration

Clave has launched onchain usernames powered by ENS on the zkSync network. Secure a .clv.eth domain compatible across all zkSync dApps, block explorers, and wallets. Get your Clave username for free here.

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NameStone Powers ENSPro’s Offchain Subname Manager

NameStone is now integrated with ENSPro, enabling a free offchain subname manager for labeling 0x addresses. This feature simplifies managing multiple Ethereum addresses under a single ENS name. Read more about this integration here.

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Subname Spaces: Highlighting Subnames on zkSync

Clave, a ZKEVM Wallet app, hosted a space dedicated to exploring subnames on the zkSync network. Discussions centered around the future of subnames, their integration into zkSync, and their role in enhancing Web3’s accessibility and scalability.

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Hash Network: Decentralized Access Layer for ENS

Hash Network is a decentralized gateway designed to enhance the accessibility, security, and speed of the decentralized web. It aims to eliminate centralized bottlenecks by offering a global, distributed network that integrates seamlessly with ENS, enabling onchain provenance, fast content retrieval, and redundancy across various nodes. This network supports decentralized content delivery and ensures that ENS domains are rapidly accessible, secured, and verifiable.

For more details, visit Hash Network.

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ENS Integration with QuickNode by Namespace

Namespace has launched an add-on for QuickNode, enabling seamless integration of ENS Offchain Subnames into blockchain dApps. This add-on leverages the Offchain Subnames API, allowing developers to mint, manage, and resolve ENS subnames directly through QuickNode’s platform. This integration simplifies the process of integrating ENS domains into decentralized applications, enhancing the developer experience and expanding ENS’s reach.

Explore the Offchain Subnames API for more details.

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:pushpin: Working Group Bulletin

Term 5 Lead Working Group Stewards + Secretary Appointment

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 1pm UTC Tuesday Google Meet
:seedling: Ecosystem 4pm UTC Thursday Google Meet
:sunny: Public Goods 5pm UTC Thursday Google Meet

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Q2 2024 Working Group Spending Overview

The Q2 2024 ENS DAO Working Group Spending Summary reports a total expenditure of $693k across all groups. For more details, visit ENS DAO Governance Forum.

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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 Minutes:

Term 5 Meta-Governance Stewards:

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ENS DAO on Tally

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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July 2024 Financial Report

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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July 2024 Endowment Report

The June 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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Voting Period Results

[5.11] [Executable] Fund the Meta-Governance Working Group (Term 5)

[5.12] [Executable] Roles Modifier V2 Migration & Updates to Endowment Permissions

[5.13] [Executable] Security Council

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DAO Tooling: Dhive Analytics Tool

The Dhive analytics tool provides visualizations on voting data. Explore in-depth analytics for DAO proposals, including the Security Council proposal.

  • Security Council Vote Insights:
    • Highest voter turnout this year: 322 participants
    • 232% increase since the last proposal (Δ 97)
    • 116% increase from the annual average
    • 88.48% of voting weight from top 10 delegates
  • Explore further: Security Council Proposal

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DAO Tooling: Updates from Agora

  • Agora Client Updates:

    • New client now live at agora.ensdao.org
    • Features:
      • Upgraded proposal visualization
      • ENS Avatars for voters
      • Transaction decoding for complex transactions

  • Forum Feedback:

    • High proposal thresholds in ENS: Consider “Propose with Bond” to allow more users to propose ideas in escrow.
    • Feedback request: ENS Governor Upgrade

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Q2 Review: Meta-Governance

  • Q2 Focus Areas:
    • Adjourned the Bylaws process to create a cohesive framework.
    • Secured funding to support DAO operations into 2025.
    • Enhanced security, endowment, and governance operations (DAO Tooling).
  • Looking Ahead:
    • Incorporate delegate feedback to improve governance.
    • Set compensation guidelines for future stewardship.
    • Address upcoming proposals on the Kanban board.
  • Summary: The Meta-Governance Working Group focused on governance, security, and funding. Key initiatives included establishing a Security Council, upgrading endowment tooling, and drafting comprehensive DAO bylaws.
  • Further Reading: Full Q2 Review
  • Slides: Meta-Governance Q2

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Open Kanban Board

@estmcmxci initiated a Kanban board discussion to showcase various initiatives within Meta-Governance. The goal is to schedule key events and steward elections. Leave feedback directly on the FigJam board. Contact estmcmxci.eth on Telegram for further discussion.

Meta-Governance Kanban (2024)
Meta-Governance Kanban (2024)5760×3240 748 KB

Interact with the Kanban board here.

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Karpatkey’s H1 2024 Review for the ENS Endowment

Karpatkey released the H1 2024 review for the ENS Endowment, detailing the progress and performance over the first half of the year. The report covers key metrics, achievements, and future plans. Read the full report here.

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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 supporting ENS-aligned initiatives.

Meeting Minutes:

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Term 5 Ecosystem Stewards:

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Budget for 2H 2024

The Ecosystem Working Group has published the 2H 2024 budget, earmarking approximately $758k. The current multisig balances are sufficient to cover the expected expenditures. They plan to request additional funding in Q4 2024.

For more details, visit the forum post.

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Weekly ENSIP Updates

The ENSIP process is being formally transitioned into a GitHub repository and the repo has been cleaned up to support this move. Feedback is welcomed, and anyone interested in getting involved can reach out to Premm on X.

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Project Highlights

1. EVM Actions by Limone.eth

  • Overview:

    • EVM Actions is a standard designed to facilitate web3 interactions within any web2 website, such as social networks or chat apps, without requiring users to leave the website.
    • It is wallet-agnostic, allowing transactions and signatures from any wallet.
    • The standard eases development and enhances web3 accessibility.
    • EVM Actions consists of APIs that return actions, such as signing messages or transactions, directly to users. These APIs are hosted at publicly accessible URLs, making them accessible for interaction by any client.
    • Each EVM action link can be stored as a text record in an ENS subdomain, to improve URL readability.

  • Four Action Types:

    1. Transaction: Execute transactions (e.g., transfer ETH, mint NFTs).
    2. Signatures: Sign transactions via an EOA (e.g., Safe transactions).
    3. Links: Redirect to external websites.
    4. 1-Click Login: Quick login to external apps using EOA.

  • Resources:

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2. Webhash by hidayath.eth

  • New Feature: Added a crypto payments button to decentralized websites.
  • Customization: Users can customize payment buttons.
  • Supported Networks: Mainnet, Optimism, Arbitrum, and Base.
  • Demo Website: laskeyakhd.hash.is

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3. Linea Subnames Integration with ENS

  • Key Points:

    • Integrates Proof of Humanity via Verax.
    • Only one domain per address is allowed for free; subnames like linea.eth cannot be bought.
    • Resolves on L1; can be managed in the ENS app.
    • Over 150k registrations in 24 hours.

  • Resources:

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Service Provider Updates

1. Namehash Labs presented by lightwalker.eth

  • Mission: Support ENS growth by:
    • Enhancing incentives for integrators (e.g., .eth referrals).
    • Reducing cost and complexity for integrators.
  • NameKit Alpha Preview:
    • Integrates rich ENS user journeys into wallets, apps, or games.
    • Available on GitHub, but not yet ready for general use.
  • NameGuard JS: New features to simplify integration for developers.
  • Presentation: Detailed Update

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:sunny: Public Goods

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

Meeting Minutes:

Term 5 Public Goods Stewards:

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ETHMexico Announcement

The ENS DAO Public Goods Working Group announced Ethereum México as the latest winner of the Perpetual Goods Bounty. This funding will support their initiatives to enhance the Ethereum ecosystem in Mexico. ETHMexico will host several events leading up to their main conference in September, with workshops focused on public goods education.

  • RPGF Workshop: A Spanish-language workshop led by PG steward Eduardo (@vegayp) will focus on public goods education.
  • Perpetual PG Bounty Link: Apply Here

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Large Grants Update for Q3 2024

A total of 56 applications were reviewed for the Public Goods Large Grants, with seven winners selected. A total of 282k USDC has been allocated for distribution. Winners will complete milestones over the coming months to receive payouts.

  • Grant Recipients:
    • Scaffold-ETH 2: $45k - Open-source toolkit for building decentralized applications.
    • Urbe Campus: $40k - Educating Web3 developers globally.
    • Rotki: $25k - Open-source portfolio management tool.
    • Firefly: $50k - Open-source hardware wallet and 2FA security key.
    • Gashawk: $40k - Reducing transaction fees for clients.
    • Borderless Africa: $50k - Bringing Africa’s economy onchain.
    • LATAM Developers: $32k - Solidity training.

Next Steps: Recipients will be notified on Questbook, request milestone payments, and present to the ENS community in future Public Goods Working Group calls.

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Large Grants Presentations

1. Firefly Presentation

  • Presented by: @Ricmoo, @alisha.eth
  • Project: Firefly, a tiny open-source and open-hardware device that enhances Ethereum security.
  • Features:
    • Functions as a hardware wallet and 2FA security key with a screen.
    • Doubles as a mini-gaming console, currently featuring Space Invaders.
  • Support: Recent grant will fund developer bounties.
  • Resources:

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2. Urbe Campus Presentation

  • Presented by: Limone.eth
  • Community: Based in Rome, supporting Ethereum hackathons.
  • Achievements: $80k in prizes won, with 15+ delegation trips worldwide.
  • Focus: Developed specifically for software developers.
  • Milestones:
    • Started EthRome in 2023.
    • Hosted events at EthGlobal in Brussels.
    • Plans for upcoming events in Warsaw, Rome, and Devcon 7.
  • More Information:

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Update on P256 Precompile Support in the EVM

@estmcmxci provided an update on the P256 RFP Precompile Support in the EVM. The inclusion of EIP-7212 in L1 is currently uncertain. To support ENSv2 DNSSEC for 2LDs, the P256 precompile is essential. ENS Labs should guide Ulerdogan’s team on testing, and Public Goods Stewards should discuss including P256 in the next EVM hard fork. estmcmxci.eth will review this issue in detail next week and propose solutions.

Further details can be found in the Public Goods RFP Proposal.

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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: Share input to improve ENS.
  • ENS Repository: The ENS Protocol’s main GitHub repository.

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Thank you for reading! Goodbye. :wave:

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