ENS DAO Newsletter #71 — 10/08/24

DAO-Wide Newsletter
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ENS DAO Newsletter #71 - 10/8/2024

NEWS

:sunny: Welcome

:newspaper: Newsletter Roundup

  • ENS Labs: Arianee, ETHGlobal SF, frENSday Speakers
  • Community: EFP Launch, Spooky Box, Baseframes
  • Meta-Gov: October Funding Window, RFP
  • Ecosystem: Service Provider Updates
  • Public Goods: Grantee Updates

:date: Calendar

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

:ballot_box: Term 5 Proposals

Recent Proposals

  1. [5.15][Social] ENS Governor Improvement Proposal: ProposalBond
    This proposal introduces “ProposalBond,” lowering the proposal threshold while maintaining accountability. Bonds are forfeited if proposals receive significant “Against with penalty” votes.

  2. [EP 5.16][Executable] ENS Labs’ Legal Fee Reimbursement
    Reimburses ENS Labs $1.2M USDC for eth.link domain litigation.

Upcoming Proposals

  1. [5.17.1] ENS Meta-Governance Working Group Funding
    • Requests $254k USDC for operations through April 2025, covering compensation, tools, and resources for governance.
  2. [5.17.2] ENS Ecosystem Working Group Funding
    • Requests $836k USDC for ecosystem initiatives, including grants, hackathons, and partnerships.
  3. [5.17.3] ENS Public Goods Working Group Funding
    • Requests $236k USDC for grants, events, hackathons, and bounties supporting Web3 infrastructure.

All funding votes begin October 9th, included in the collective proposal.

Temp Checks

  1. Governance Distribution Program (Pilot)
    Proposes a 1:1 ENS Matching Program for grant recipients with 3-year vesting, aimed at decentralizing governance.
  2. Make Wrapped Names Immutable
    Proposes removing ENS DAO’s ability to reclaim wrapped names, ensuring names become immutable after fuses are burnt.
  3. Convert 20% of ENS DAO’s USDC to Glo Dollar
    Proposes converting $920k USDC to Glo Dollar to fund public goods without additional costs, diversifying treasury holdings.

Request for Proposal

  1. Ranked Choice Voting in Snapshot
    Proposes using the Copeland method for ranked choice voting in Snapshot, offering a transparent alternative to Instant Runoff Voting.

About 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 seeking the DAO’s agreement on social considerations 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.

Proposal Threshold: A minimum of 10k $ENS is required to submit social proposals, and 100k $ENS is required for executable proposals.

Resources:

Stay updated on DAO governance and proposals by regularly checking the Term 5 Dashboard and the Voting Period Bulletin, which provide comprehensive updates and summaries. For detailed governance information, refer to our Governance Docs. To see real-time voting power distribution, visit votingpower.xyz.

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:cyclone: ENS Labs Updates

Global ENS Impact: Leading Web3 Innovation

ENS core team members participated in various hackathons and delivered key presentations across the ecosystem:

  1. @Esk3nder.eth, Head of Product and Strategy, ppresented at Magma in Kenya, highlighting ENS’s global influence.
  2. @matoken.eth judged a hackathon in Malaysia, supporting the next generation of Web3 talent.
  3. @gregskril spoke at ETHRome, where ENS sponsored a $5k bounty and led discussions on decentralized identity and ENS’s evolving role.

ENS and Arianee Partnership

ENS has partnered with Arianee to integrate ENS for onchain verified identity management. This enhances secure digital identities for brands. Now, companies using Arianee can link domain names to ENS, adding transparency and authenticity.

Breitling, the first to adopt this, has set their corporate domain as an ENS name, providing verifiable Digital Product Passports for their watches.

This partnership sets a new standard for blockchain-based identity management, helping brands secure their products and customer interactions.

Learn more about the partnership.

ENS DAO Stewards Confirmed for frENSday 2024

Simona Pop (@simona_pop) and @5pence.eth, ENS DAO Stewards, have been the most recent additions as speakers for frENSday 2024:

  • Simona.eth, Lead Steward of the Public Goods Working Group
  • 5pence.eth, Lead Steward of the Meta-Governance Working Group

They will discuss ENS governance and the future of public goods. To submit questions to the speakers, visit the frENSday submission page.

Additional speakers include:

  • Medha Kothari (medha.eth), Product Manager, Uniswap Labs
  • Paulio.eth, Founder & CEO, 3DNS
  • Vitalik Buterin, Co-founder, Ethereum
  • Nick Johnson, Lead Developer, ENS Labs
  • Steve Ptucha, Product, Venmo/PayPal | Crypto

ENS Sponsors ETHGlobal San Francisco

ENS will sponsor ETHGlobal San Francisco from October 18-20, offering $10,000 in prizes for hackers building with ENS.

For details and registration, visit the ETHGlobal San Francisco website.

ENS Brand Page Launch

The new ENS brand page is live at ens.domains/brand. Whether you’re building with ENS or just a fan, the brand page provides everything you need to stay on-brand:

  • Logos, including the ENS mark and $ENS token icon, available in PNG and SVG formats
  • New ENS colors with copyable values for consistent branding
  • A detailed brand guide PDF covering typography and pathways for effective brand use

This resource makes it easier for developers and supporters to keep their ENS projects visually aligned.

:globe_with_meridians: ENS Media Alerts

Past:

Upcoming:

:busts_in_silhouette: Community Updates

:speaking_head: Call for Community Feedback

Help improve the ENS ecosystem by providing feedback on Canny, where ENS Labs members and Working Group stewards will address your submissions. You can submit Feature Requests, Integrations, Bug Reports, or upvote and comment on existing posts. Share your feedback on Canny here.

Newsletter Contributions

Submissions for the ENS newsletter are open! Share updates on projects, events, achievements, or community changes for inclusion. Submit your segment by visiting the Newsletter ddocs site here and leaving a comment.

Ethereum Follow Protocol (EFP) Launches

The Ethereum Follow Protocol (EFP) is now live on mainnet (ethfollow.xyz), adding a decentralized onchain social graph to Ethereum’s identity stack, integrating ENS. EFP lets users follow and tag Ethereum accounts, enabling relationships to be displayed in any crypto app.

ZKP2P Marketplace Now Live

ZKP2P has launched its digital goods marketplace, enabling Web2 domain trading on Base with faster settlements, lower fees, and zkEmail-secured transactions. You can also set your DNS name as your ENS name, enhancing onchain functionality.

Get started at domains.zkp2p.xyz.

ENS Banner Integration on Vision

Vision has released an update integrating ENS Banners for Vision profiles. Users can now display their ENS banner and view EFP Follower & Follow counts on their profile, enhancing customization and engagement within the ENS community.

Basenames Introduce Onchain Linktree with Frames

Basenames now support Frames, allowing users to create an onchain Linktree-like experience. Pin frames to your Basename profile for payments, subscriptions, and more. Creators can experiment by building their own frames, exploring new onchain features.

Uni.eth Nears 1 Million Usernames

Uniswap Labs announced that nearly 1 million uni.eth usernames have been claimed. Onchain identities are available to everyone, and you can claim yours for free via the Uniswap mobile app.

Get yours by downloading the Uniswap mobile app and claim your unique uni.eth username.

Onchain Halloween: Spooky Box Launches

Celebrate Halloween onchain with Spooky Box, an adventure hosted by 3DNS on Base. Participants can mint Spooky.boxes, usable as both ENS and DNS domains. Mint more boxes before October 31, 2024, to increase your chances of unlocking surprises. A Halloween snapshot will select lucky holders for additional treats.

Mint your Spooky.box at Spooky.box.

450,000 Basenames Registered on Base

Basenames, a core identity project on Base, has hit 450,000 registrations. Basenames serve as decentralized usernames, driving the demand for onchain identities.

Claim your Basename at the official Basenames page.

Unruggable Unveils L2 Data Finalization with New Gateways

Unruggable has launched Unruggable Gateways, providing a secure, trustless method for verifying data from Layer 2 (L2) rollups on Layer 1 (L1) Ethereum. This innovation ensures data retrieved from L2 is final and reliable on L1.

How It Works

Unruggable Gateways fetch data from rollups and provide inclusion proofs, verifying that data exists within the chain’s structure. The proof is checked against the block’s state root and verified through Merkle Tries, ensuring data integrity.

Finalization Methods

Rollups finalize state in different ways:

  • Fault-proof systems contest state roots.
  • Zero-Knowledge rollups use validity proofs for state transitions.

Finalization time varies, with fault-proof systems potentially taking a week, while others finalize faster with lower gas costs. Unruggable Gateways are adaptable to evolving L2 needs, offering robust data verification and finalization solutions for trustless applications on Ethereum.

: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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: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:

September 2024 Financial Report

Financial Overview:

  • Revenue > Cash Burn, Runway: 157 months
  • Revenue: $1.6M (vs. $1.9m last month)
  • Cash Inflow: $.8M (vs. $1M last month)
  • Normalized Cash Burn: $0.7M
  • Reserves: $117M (ETH: 105M, USDC: 12M)
  • Total Endowment: $82.5M
  • P&L: 2.3M (ETH mark-to-market)

Review the full report prepared by @Steakhouse here.

: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:

Term 5 Ecosystem Stewards:

:speaking_head: Term 5 Grants Summary: 3DNS

3DNS, the first ICANN-accredited onchain domain registrar, integrates traditional DNS with ENS through their .box project, allowing users to manage identities and payments across Web3. They are expanding identity solutions for Optimism and Base. A grant of 118,750 USDC was approved for audit reimbursements and recognition of 3DNS’s contributions, including the success of my.box and Superchain initiatives.

Learn more on their GitHub.

Ecosystem Updates

  1. SheFi Summit: Distributed subnames to all attendees.
  2. ETHGlobal Singapore Prize Winners:
  3. ETHGlobal Feedback: Developers provided feedback on ENS Docs and Developer Tools during the ETHGlobal Hackathon. Navigation structure has been revised. Additional feedback is welcome via the GitHub repo.
  4. New ENS Brand Page: Logos, token icons, and usage guidelines available. Feedback requested at the ENS Brand Page.

Upcoming Gitcoin Round

Participate in Gitcoin Grants GG22 by visiting Gitcoin Grants. ENS is contributing $50k USDC, with an additional $25k match from Gitcoin for the ENS Community Round. Grants open on October 23, and while Stewards are ineligible, other ENS-related projects and service providers are encouraged to apply.

Service Provider Updates

  1. EFP: Service Provider Report Q3 2024
    The report details how the Ethereum Follow Protocol (EFP) used ENS DAO funding in Q3 2024. EFP launched on mainnet in September, with 4.4k lists created and 100k list operations. The project focuses on full ENS integration and decentralization through its web3 social graph protocol.

  2. Namespace: Service Provider Report Q3 2024
    Namespace’s Q3 report highlights progress in integrating subname minting on L2 chains like Base and Optimism. New features include a subname trading marketplace and SDK for ENS subname registration. Stats show increased L1 and L2 subnames minted, with new partnerships like WebHash integration. Namespace onboarded new developers and is undergoing contract audits by Code Arena. Expenses are primarily covered by a 200k USDC grant.

  3. Eth.Limo: Now Administers eth.link
    Eth.limo regained control of eth.link after litigation with CloudFlare. DNS records have been migrated, and eth.link now handles 38% of new users while remaining interoperable with eth.limo. Both domains will continue to operate. An MVP for a decentralized gateway is in development, alongside ongoing SEO discussions. For decentralized websites, consider Planetable or Webhash.

Project Highlights

  1. eth.cd
    • EFP Integration: Users can view and follow profiles, with chat features.
    • Base Name Support: Integration of Base names is now live.
    • Webhash Integration: Add EFP to decentralized Webhash websites.

Weekly ENSIP Updates

  • ENSIP GitHub Repo: ENS Improvement Proposals
  • ENSIP0 Focus: Working with @netto.eth to standardize ENSIP contributions.
    • Exploring an editor system for DAO proposals.
    • @slobo.eth will share updates on this initiative soon.

Get Involved: Reach out to @nxt3d on Twitter for feedback or to get involved.

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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:

Grantee Updates: Urbe Campus at ETHWarsaw

Marco Galluccio from Urbe Campus presented updates from ETH Warsaw, which took place from September 5-6, with over 25 attendees and 10 hours of workshops. ETH Warsaw was a test for future events, with lessons being applied to ETH Rome (Sep 30 - Oct 3) and Devcon in Bangkok. The Devcon collaboration with a coding school partner will offer pre-event experiences in Bangkok. Discussions on bringing people to frENS Day and ETH Rome payments were also mentioned.

For more info: ENS Public Goods Large Grants Q3 2024

Firefly Milestone Update

@alisha.eth presented updates on the Firefly project, an open-source Ethereum hardware wallet and gaming device. They aim to distribute at least 500 units before and during Devcon. A developer bounty program is being created, with milestone tracking available on Questbook. The biggest cost issue is with the 3D-printed cases. Discussions are ongoing about the effectiveness of composable bags for shipping. Users can try out the firmware on Chrome via Firefly Box.

Follow updates on X: Firefly.

:green_book: Resources

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

Thank you for reading! Goodbye. :wave:

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