ENS DAO Newsletter #77 - 12/31/2024
Happy Holidays!
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
Newsletter Roundup
- ENS Labs: Ubisoft’s ‘Captain Lasehawk’ offers ENS subnames
- Community: Ethereum Identity Kit, Etherscan supports Linea subnames
- Meta-Gov: Endowment Report
Calendar
Refer to the ENS DAO Calendar for working group calls and events.
- Calendar: Public Access / Access with Gmail
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Term 5 Proposals
December 2024
Executable Proposals:
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[5.27] [Executable] Revoke the DAO’s Ability to Upgrade the Name Wrapper
This proposal seeks to mitigate a vulnerability in the ENS Name Wrapper by revoking the DAO’s ability to upgrade the contract, while preserving control over metadata updates, through deploying a new metadata proxy and relinquishing admin ownership over the Name Wrapper.- Vote: Tally
- Discussion: Open
- Results: 100% Approval
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[EP 5.28] [Executable] Reimbursement of eth.limo’s ongoing legal fees
This proposal seeks to reimburse eth.limo for $240,632.38 in ongoing legal fees incurred while operating the eth.limo/eth.link gateway services, which are critical for ENS infrastructure and public utility.- Vote: Tally
- Discussion: Open
- Results: 99.99% Approval
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[EP 5.29] [Executable] Funding request for Unruggable to build and operate a network of gateways supporting the rollout of ENSIP-19: EVM-chain Reverse Resolution
This proposal requests funding for Unruggable to build and operate a network of gateways supporting the rollout of ENSIP-19, enabling EVM-chain reverse resolution for ENS.- Vote: Tally
- Discussion: Open
- Results: 55.76% Disapproval
About Proposals
Proposals are the means by which changes are made to the status quo. There are two types of proposals:
- Social Proposals: Offchain proposals seeking the DAO’s agreement on social considerations that cannot be enforced onchain.
- 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, while 100k $ENS is needed for executable proposals.
Resources
Stay updated on DAO governance and proposals by regularly checking the Term 5 Dashboard and the Voting Period Bulletin. For detailed governance information, refer to our Governance Docs. To see real-time voting power distribution, visit votingpower.xyz.
ENS Labs Updates
ENS x Linea Partnership Announcement
ENS has partnered with Linea to launch Namechain, leveraging Linea’s Type 2 zkEVM for scalability, cost efficiency, and Ethereum compatibility. ENS on L2 will enhance decentralized naming, profiles, and hosting. Read more.
ENS Labs Hiring
Inspired by the inaugural frENSday in Bangkok? ENS is shaping the future of decentralized identity and is hiring to help build the next generation of the web.
Explore open roles: Apply Now.
ENS Partners with Ubisoft for Gaming Integration
ENS enters gaming with its first-ever collaboration! In Ubisoft’s Captain Laserhawk Universe, ENS subnames link character identities to user wallets via Niji Warrior ID Cards under edenonline.eth, transforming onchain identity in gaming.
ENS Enhances Onchain Identity in Gaming
Ubisoft’s Captain Laserhawk Universe integrates ENS domains, transforming faceless gamertags into personalized onchain identities. Players’ NFT names auto-generate unique ENS subnames (e.g., legendary-titan.edenonline.eth), linking wallets to unified identities. Explore this innovative feature: Captain Laserhawk Universe
Enhancing ENS Service Provider Program
ENS is refining its Service Provider Program for Season 2, aiming to improve efficiency and support. Proposed changes include shifting elections to Q1, introducing ranked-choice voting, offering two-year funding for top projects, and establishing a lower-tier “Talent Provider” program.
Community Updates
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.
ENS DAO Basics: Your Gateway to Governance
New to the ENS DAO or curious about how it works? basics.ensdao.org is your go-to resource for learning about governance, proposals, and ways to get involved in the ENS ecosystem. Whether you’re exploring ENS for the first time or looking to deepen your participation, this guide provides all the essentials.
Start your journey today: Visit ENS DAO Basics.
ENS as an Email Solution
ENS domains function as email addresses via @boxdomains. Users can configure DNS to send/receive emails directly through their ENS, merging web3 identity with traditional communication seamlessly. Learn how here: Link
ENS Integrated in Burner Wallets
Burner Wallets now support @ensdomains during onboarding, enabling users to link a memorable ENS name to their wallet address. This simplifies wallet use and enhances web3 identity adoption. Try it: Burner Wallets
JustaName’s ENS Chrome Extension
JustaName.eth introduces the JustWeb3 Chrome Extension, letting users view ENS profiles directly on X. See social handles, addresses, and more for ENS names effortlessly. Boost your web3 experience now! Download here: JustaName Extension
Ethereum Identity Kit Released
The Ethereum Identity Kit (EIK) is now live! Integrate the Ethereum identity stack into your app, featuring Profile Cards for ENS and EFP data. Open-source and user-friendly, it’s a must-try for developers. Learn more: ethidentitykit.com
Etherscan Supports Linea Subnames with Expiration
Etherscan now displays Linea ENS subnames along with their expiration dates, enhancing transparency and usability for ENS users. This update showcases collaboration between Etherscan and Linea to improve ENS functionality.
Working Group Bulletin
Term 5 Lead Working Group Stewards + Secretary Appointment
- 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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ENS DAO Working Group Schedule (2024)
| Working Group | Time | Schedule | Location |
|---|---|---|---|
 Meta-Governance |
2pm UTC | Tuesday | Google Meet |
 Ecosystem |
5pm UTC | Thursday | Google Meet |
 Public Goods |
6pm UTC | Thursday | Google Meet |
ENS DAO Steward Election Results for Term 6 
The results are in! Congratulations to the newly elected stewards for Term 6 across the three working groups:
Metagov
Public Goods
Ecosystem
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Congrats to all the stewards! 
We look forward to seeing the progress and impact you will bring to the ENS DAO over the next term.
Meta-Governance
The Meta-Governance Working Group provides governance oversight and support for working group operations through DAO tooling and governance initiatives.
Term 5 Meta-Governance Stewards:
ENS Endowment Expansion Proposal
The ENS DAO is exploring a significant Endowment expansion led by karpatkey. Key proposals include:
- Increase: Add 5,000 ETH for yield-generating opportunities.
- Optimization: Adjust fee accrual to 25 days.
- Goal: Ensure self-sufficiency through higher earnings.
November 2024 Endowment Report
Balance Overview:
- Total funds in the endowment: $108m
- Capital utilization: 99.9%
- Monthly DeFi results: $369k
Review the full report prepared by @Karpatkey here.
November 2024 Financial Report
Financial Overview
- Revenue > Cash Burn, Runway: 131 months
- Revenue: $1.8m (vs. $1.6m last month)
- Cash Inflow: $.9m (vs. $.7m last month)
- Normalized Cash Burn: $1.1m
- Reserves: $142m (ETH: 134m, USDC: 8m)
- Total Endowment: $109m
- P&L: $28.0m ($27.7M from ETH M2M)
Review the full report prepared by @Steakhouse here
Coinbase’s Role in Governance
Agora are considering ways to unlock ENS Delegations held by Coinbase to increase governance participation—proposed solutions include an upgrade to the ENS Governor followed by a delegate race.
More: Increasing Voting Supply with Coinbase
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.
Term 5 Ecosystem Stewards:
Public Goods
The Public Goods Working Group supports the Ethereum ecosystem by identifying and funding open-source development.
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Term 5 Public Goods Stewards:
Resources
ENS DAO offers several resources for understanding and participating in its ecosystem:
- ENS DAO Basics: Learn about the ENS DAO, including voting and governance.
- Support Docs: Guidance on registration, renewals, and development aspects.
- Governance Docs: Insights into governance structure.
- ENS Agora: Governance hub for proposal review and voting.
- Give Feedback: Share input to help improve ENS.
- ENS Repository: The ENS Protocol’s main GitHub repository.
Thank you for reading! Goodbye. 