1. Welcome ALL
2. Miscellaneous ENS updates of general interest
3. The Decentralization Research Center (DRC)
- Overview of their classifications work, addressing DeFi misinterpretations, and ENS-relevant applications.
- Legislation is going through the Senate, but negotiations are holding things up.
- A large part of the holdup is due to stablecoin yield debates and negotiations between tradfi and exchanges/stablecoin issuers.
- There is a 30-40% probability that market structure will ultimately be signed into law.
- They are still actively working on it, which is a positive sign.
- Some proposals suggest that decentralized communities/protocols should have safeguards in place to address vulnerabilities.
- Blacklisting or whitelisting protocols places undue regulatory burdens on decentralized communities.
- Proposals include creating innovation centers within the government and working with organizations like Seal.
- On March 17, the SEC and CFTC released joint guidance updating interpretations of token classifications: digital commodity, collectible, digital tool, stablecoin, and digital securities.
- ENS domains were explicitly named as an example of a digital tool, where utility, not profit expectation, drives acquisition.
- The ENS governance token was not explicitly categorized, requiring further clarification.
4. European Decentralisation Institute
- Milestone 1 finalized, draft policy brief, and all other items ready for review. You can find more information here on their Notion.
5. Update on Builder Grants
- A bug in Builder Grants caused duplicated records, which has been fixed.
- The queue in Builder Grants is mostly caught up, with remaining entries to be resolved by the end of the week.
6. Open floor for all questions, proposals, and other presentations, etc.
- Lighthouse Labs has developed a web-based voting interface for ENS, similar to Tally, which recently shut down.
- They propose building out the tool to highlight ENS and utilize onchain data, differentiating it from Tally’s siloed platform.
- A temp check post was created to gauge interest in funding the project as a public good.
- There are concerns about demand and whether other ecosystems would be interested in supporting it beyond ENS.
- Lighthouse is putting data onchain, which is interesting, but it’s not clear if it’s enough of an evolution from Tally.
- When Tally first shut down, there was concern about who would fill the vacuum, with Agora being the only alternative.
- Snapshot announced their governor support, so ENS people can vote on Snapshot.
- Tally made an announcement about their support continuing.
OnChain Metadata Demo
- MetaGov working group funded a project six months ago to build a standard for storing metadata onchain attached to ENS names and subnames.
- ENS names have a tree architecture with subnames.
- The idea with metadata is that ENS is owned and managed by ENS DAO.
- The information includes a description, labeling it as an organization, explaining it’s a DAO, and giving it a name.
- Subnames can represent legal entities, with metadata including official registered addresses.
- Schemas define the metadata expected on a node, making it customizable.
- Users can design their own datasets for specific purposes, which can be copied and propagated.
- UIs can intelligently pull in this data.
- The UI can look up signers on the treasury and display their information.
- Delegation statements specific to different DAOs can be stored onchain and pulled into the voting interface.
- ENS eth could have metadata listing all its treasuries, pulled trustlessly from onchain data.
- The interface could be packaged and deployed on IPFS for decentralization.
AI and ENS
- There’s a schema type to represent AI agents that’s compatible with ERC8004.
- AI agents can have ENS names and publish metadata onchain, such as their capabilities.
- An SDK and CLI are in progress that would allow an AI agent to query metadata using an ENS name.
- Onboarding is a challenge, but showing the value can get people excited, especially with AI agents.
- One of their big goals is to get the ENSIP formalized and accepted, but there is very little clarity on how to actually do that.
- One of their main commitments was to end with an ENSIP that is complete, documents everything, and is a standard that can be pointed to as they try to achieve adoption.