☎ ENS Public Goods – Weekly Meeting: 12pm ET/5pm UTC, Thursday – Term 6

🏛️ Public Goods Meetings
99

1. Welcome ALL [image]

  • Welcome to the weekly dose of public goods goodness.

2. Jam corner with the PG band aka @Sov

3. Miscellaneous ENS updates of general interest

  • One more public goods and ecosystem call this year before the holidays.
  • Discussion in the forum about extending the current stewards until the Retro is done or holding a new election now.
  • If interested in running for a steward position, stay updated on the forum.

4. The DRC presents their report

  • Report linked in the agenda, posted last week.
  • Review of the work the DRC has done since receiving the grant.
  • Presented by:
    • Tony: Co-founder of the DRC, strategy and operations.
    • Kyle: Head of policy, based in D.C.
  • Last year, received a grant from the EF for advocacy work.
  • Recognized that legislation/regulation work in D.C. was primarily done by centralized entities.
  • Spent time writing reports, creating educational materials, and speaking to people in Congress.
  • DRC’s role: to educate regulators and policymakers on decentralization and incentivize it through policy.
  • Convened leaders in Washington, D.C.
  • Lobbied the House, Senate, SEC, and CFTC.
  • Meeting with Republicans and Democrats in the Agriculture Committee to educate them on consumer protections in decentralization.
  • The House proposed the Clarity Act, which passed on a bipartisan basis
    • Included a control test to determine when a blockchain network was deemed truly decentralized.
    • Test became the gold standard for testing control for blockchain networks.
  • Engaging in a large education campaign with the Banking Committee and the Ag Committee to emphasize the importance of true decentralization and its benefits.
  • Scaling the organization for the next 3-5 years to engage in an educational campaign at the SEC and CFTC as they start creating rules for the market.
  • The goal is to have legislation passed and on the President’s desk by April to avoid complications from the midterm elections.
  • Failure to pass legislation could lead to regulatory actions by the SEC and CFTC, which could be overturned by future administrations.
  • Pushing for the best possible legislation now, while scaling the organization to educate the SEC and CFTC in case legislation doesn’t pass.
  • Aiming for a markup that incentivizes decentralization and strong consumer protections, even if it means waiting until January, and recognizing that any Senate bill must still gain approval from the House.

5. evmtools 7702 playground demo

  • Website for testing: playground.evmtools.xyz.
  • Pran introduces a demo of a Playground for 7702.
  • The problem Pran is trying to solve is that the 7702 standard is difficult to understand for new developers, partly because external wallets block authorization transactions.
  • Pran built a playground with 2 sections:
      1. Playground section with details
      1. Demo section for delegation and sample transactions
  • Playground Features:
    • Uses dev wallets with encrypted keys stored in local storage.
    • Allows users to delegate to smart contracts, giving EOA accounts smart contract capabilities.
    • Includes tooltips to help developers understand what’s happening.
    • The playground uses a sponsorship API to sponsor transactions, so users don’t need funds in their wallet for authorization.
  • Users can perform operations not possible through an EOA, such as batch transactions.
  • Considering adding more complicated operations in the future.
  • Shared the project with others for feedback and plans to share it with a larger group of developers, gather feedback, and add more features.
  • The next step is to integrate it into the extension, which will require refactoring to add the wallet.

6. Open floor for all questions, proposals and other presentations etc

6.1. PG working group Term 6 Report

  • Posted a wrap-up of the last term of everything done by the PG WG.
  • A dashboard has been created to see everything broken down by category.

6.1. Namehash Labs

  • ENS Holiday rewards
  • Referral program with a prize pool of up to $10k to incentivize .eth registrations and renewals.
  • The program runs through December 31st and is the beginning of the ENS Awards program.

6.2. Marcus