Summary
This thread shares ENS DAO’s quarterly revenue reports, published at the end of each quarter.
Definition
Recognized revenue in this report follows the accrual accounting method. That means:
- Revenue is recognized over the service delivery period, not when the name is registered
- Revenue is recognized daily based on the closing price of ETH/USD on that day UTC and the number of active .eth names on that day
Example: On Jan 1, a one-year $5 .eth registration paid as 0.002 ETH would be recognized as follows:
Daily revenue recognition: 0.002 ETH / 365 = 0.00000548 ETH per day
For each day in Q1:
- Take 0.00000548 ETH
- Convert to USD using that day’s ETH/USD exchange rate
- Record the resulting USD amount as revenue for that day
ENS Revenue Sources
ENS has 3 sources of revenue
- Registration Fees
- Temporary Premium Fees
- Endowment DeFi Results
Registration Fees
This category represents ETH paid to ENS when a .eth name is registered or renewed.
- 3-character domains: $640 per year
- 4-character domains: $160 per year
- 5+ character domains: $5 per year
All registration fees are recognized over the service delivery period.
Temporary Premium Fees
This category represents ETH paid to ENS for names bought during the temporary premium auction. Newly available names incur a temporary premium fee, starting at $100,000,000 and decreasing to $0 over 21 days. You can read more about temporary premium here.
All temporary premium fees are recognized as revenue at the time of the transaction.
Registration and premium fee data is sourced from the ENS Metrics Dashboard built by @nick.eth
Endowment DeFi Results
This category represents yield made on the ENS endowment. The endowment is managed by Karpatkey and reports are provided on a monthly basis here.
All DeFi returns are recognized as revenue on a monthly basis.
