It was more of just a share than anything. I donât see it being a efficient way to renew. (Ref. Alchemix)
The goal should be to simplify these processes as much as possible for the end-users. Like previously said, If we can develop a system that allows users to auto-renew without having to understand the intricacies of DeFi or pool deposits, weâll have achieved a significant win in terms of user experience.
Ideally this should be integrated into the main app interface. This would create a comprehensive all in one management system making it incredibly easy to manage all things ENS.
User Registration and Login:
Users register or log in to the platform using their Ethereum wallet.
Dashboard:
The user lands on a dashboard displaying all their ENS domain names, their expiration dates, and their current status (Active/Expired).
Auto-Renewal Setup:
Next to each ENS name, there is a toggle for auto-renewal. By default, this would set to off. (Do not renew)
The user toggles on the auto-renewal for their chosen domain name(s).
Renewal Interval Setting:
Once auto-renewal is activated, the user is prompted to set a renewal intervalThis could range from 1 month to several years, depending on their preference.
Payment Method Selection
The user is then asked to select a payment method for the auto-renewal. This could be ETH, WETH, DAI, USDC, etc. This would most likely require more than enough gas to ensure renewal.
Confirmation
The user reviews the details (ENS name, renewal interval, and payment method), then confirms to activate auto-renewal.
Notification System
Users receive notifications when a renewal is coming up, when a renewal has been successfully processed, or if thereâs an issue with the payment method. This could be done via email, SMS, or in-dashboard notifications or even Push Protocol (formerly Ethereum Push Notification Service.
Renewal Execution
When the time for renewal arrives, the platform automatically executes the renewal transaction using the userâs selected payment method.
Monitoring and Adjustment
Users can monitor their auto-renewal status from their dashboard and adjust their settings (renewal interval, payment method) as necessary.
This could get very expensive very fast. But using this sparingly would cause attention to a new built-in feature.