I can see it’s 3 Eth, do I get some of that back after a year, or not? It’s been changed so often I don’t know how this works now.
Good question. The yearly fees for .ETH names are based on length:
- +5 character .ETH names = USD$5/yr paid in ETH
- 4 characters = $160/yr
- 3 characters = $640/yr
- 1-2 character = not available
Once you pay a fee you can’t get it back. You can pay ahead for multiple years if you’d like, e.g. $50 would you get you a +5 ch. .ETH name for 10 years.
I though it was just locked for a year, then you got it back.
I just bought 2 x 3 letters and 1 x 4 letters.
WOW - that’s $1500 gone.
It USED to be just a deposit that was locked for a year… now it’s a yearly charge?
Why would someone pay $600 for a “name” that doesn’t even resolve a browser, is this for real?
Your FAQ does not mention this – https://docs.ens.domains/frequently-asked-questions
Neither does the rest of your website. You changed your TOS radically without any change in documentation. An internet search suggests funds are LOCKED for a year, not SPENT.
I’m sorry you were confused. Most users today never encountered the legacy registrar, and there’s nothing on our site that indicates the money is a deposit - in fact, it says “price to pay”, and the price depends on the rental duration.
We’ve never had a system where your funds were locked for a year. The initial registrar locked your funds for as long as you kept the name.