ENS DAO Newsletter #76
12/17/24
Welcome
New editions — Bi-weekly on Tuesdays
Previous editions — Archived on the ENS DAO Archive
New proposals 1 — Updates via Telegram
ENS DAO Dashboard — Available for public review
Submit feedback — Share what you’d like to see
📰 Newsletter Roundup
ENS Labs: ENS Announces Linea as Namechain Strategic Partner
Community: Vitalik.eth acknolwedges EFP
Meta-Gov: November Endowment Report
Ecosystem: Service Provider Updates
Public Goods: Builder Grants Review
📆 Calendar
Refer to the ENS DAO Calendar for working group calls and events.
Calendar: Public Access / Access with Gmail
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🏛 Term 5 Proposals
December Executable Proposals
[5.27] [Executable] Revoke the DAO’s Ability to Upgrade the Name Wrapper
This proposal seeks to mitigate a vulnerability in the ENS Name Wrapper by revoking the DAO’s ability to upgrade the contract, while preserving control over metadata updates, through deploying a new metadata proxy and relinquishing admin ownership over the Name Wrapper.[EP 5.x] [Executable] Reimbursement of eth.limo’s ongoing legal fees
This proposal seeks to reimburse eth.limo for $240,632.38 in ongoing legal fees incurred while operating the eth.limo/eth.link gateway services, which are critical for ENS infrastructure and public utility.Vote: Pending
Discussion: Open
Results: Pending
Temperature Checks
ENSIP19 Support Proposal
Unruggable has submitted a funding request to build and operate gateways supporting ENSIP19. Initially discussed within the Service Provider Program, the proposal has been escalated to the wider DAO due to its broader infrastructure significance. The funding request emphasizes the need for robust, global infrastructure supported by top-tier engineers and 24/7 scaling expertise to ensure uptime and proactive operations. The grant includes provisions for voting power and incentive alignment with ENS goals, with an openness to vesting schedules. Read more and join the discussion.
Usual Protocol for Stablecoin Treasury Allocation
This initiative seeks to diversify ENS DAO’s treasury while maintaining stability and optimizing returns. The proposal outlines a strategy to balance treasury management with long-term financial goals. Share your thoughts here.
Convert 20% of ENS DAO’s USDC to Glo Dollar
A proposal is under consideration to convert 20% of ENS DAO’s USDC holdings into Glo Dollar (USDGLO). This initiative supports Web3 public goods funding at no additional cost, aligning treasury strategy with social impact goals. By leveraging Glo Dollar, ENS DAO can contribute to charitable initiatives while maintaining fiscal responsibility. Join the discussion.
About Proposals
Proposals are the means by which changes are made to the status quo. There are two types of proposals:
Social Proposals: Offchain proposals seeking the DAO’s agreement on social considerations that cannot be enforced onchain.
Executable Proposals: Onchain proposals that execute code related to the ENS Protocol and ENS DAO smart contracts, as voted on by the DAO.
Proposal Threshold: A minimum of 10k $ENS is required to submit social proposals, while 100k $ENS is needed for executable proposals.
Resources
Stay updated on DAO governance and proposals by regularly checking the Term 5 Dashboardand the Voting Period Bulletin. For detailed governance information, refer to our Governance Docs. To see real-time voting power distribution, visit votingpower.xyz.
🌀 ENS Labs Updates
ENS x Linea Partnership Announcement
ENS has partnered with Linea to launch Namechain, leveraging Linea’s Type 2 zkEVM for scalability, cost efficiency, and Ethereum compatibility. ENS on L2 will enhance decentralized naming, profiles, and hosting. Read more.
ENS Labs Hiring
Inspired by the inaugural frENSday in Bangkok? ENS is shaping the future of decentralized identity and is hiring to help build the next generation of the web.
Explore open roles: Apply Now.
ENS Partners with Ubisoft for Gaming Integration
ENS enters gaming with its first-ever collaboration! In Ubisoft’s Captain Laserhawk Universe, ENS subnames link character identities to user wallets via Niji Warrior ID Cards under edenonline.eth, transforming onchain identity in gaming.
XMTP Powers frENSday with ENS Bots
At the inaugural frENSday event, XMTP served as the operating system, leveraging ENS for decentralized identities. Bots like earl.frens.eth answered questions, directed attendees to group chats, and shared updates. ENS names made bots easy to search and message.
ENS at Taipei Blockchain Week 2024
Makoto Inoue from ENS (Ethereum Name Service) joined Glenn Woo (Blockdaemon) and James Shen (MetaCRM) at Taipei Blockchain Week. The panel, “Building the Backbone of Web3,” explored infrastructure innovations for seamless onboarding in Web3.
🌐 ENS Media Alerts
👥 Community Updates
🗣 Call for Community Feedback
Help improve the ENS ecosystem by providing feedback on Canny, where ENS Labs members and Working Group stewards will address your submissions. You can submit Feature Requests, Integrations, Bug Reports, or upvote and comment on existing posts. Share your feedback on Canny here.
Newsletter Contributions
Submissions for the ENS newsletter are open! Share updates on projects, events, achievements, or community changes for inclusion. Submit your segment by visiting the Newsletter ddocs site here and leaving a comment.
ENS DAO Basics: Your Gateway to Governance
New to the ENS DAO or curious about how it works? basics.ensdao.org is your go-to resource for learning about governance, proposals, and ways to get involved in the ENS ecosystem. Whether you’re exploring ENS for the first time or looking to deepen your participation, this guide provides all the essentials.
Start your journey today: Visit ENS DAO Basics.
Scaling ENS to a Billion Users
Thecap.eth published an article about scaling ENS to a billion users, exploring solutions like Namechain to address limitations and drive mass adoption.
Read the full article: ENS: To a Billion and Beyond
Code4rena Partners with Unruggable for ENS Security
Code4rena announced a collaboration with Unruggable to audit their gateway codebase ahead of ENS’s upcoming cross-chain reverse resolution rollout. An invitational audit will invite top wardens, rewarding the most unique, highest-severity vulnerabilities.
Yodl Integrates Ethereum Follow Protocol
Yodl has announced the integration of Ethereum Follow Protocol. EFP is an onchain social graph enabling users to follow and tag Ethereum accounts, bringing trust natively into payments.
Vitalik Buterin Shouts Out Ethereum Follow Protocol
In his latest blog post, “What I would love to see in a wallet,” Vitalik Buterin highlighted the Ethereum Follow Protocol as a key player for privacy-preserving onchain identity. EFP enables proof-of-personhood, token-gated chats, and much more onchain.
Efroglets Now Have ENS Domains!
Efroglets NFTs are now equipped with unique ENS domains, enabling Web3-ready identities. These ENS names come completely free with no renewal fees, support automatic transferswithin 24 hours, and offer holders a personalized Web3 identity. Powered by Linea L2.
Open Source ENS Governance Indexer Released
Gregskril.eth has built an open-source indexer and frontend for ENS DAO governance. It acts as a backup tool, ensuring decentralized participation in onchain proposals. Built for easy local deployment, it promotes maximal decentralization.
Contribute: GitHub
ENS Rent Launches on Mainnet
Blockful.eth developed ENS Rent—it allows users to rent out ENS domains they own while retaining ownership. Renters gain manager rights, enabling subdomain creation and record updates. Initially a hackathon project, it’s now live and open-sourced, ready for community feedback.
Explore: GitHub
ICANN Recognizes ENS in Blockchain Name System Tech
Spotted by Clowes.eth, ICANN’s “Introduction to Blockchain Name System Technologies”highlights blockchain naming systems like ENS. This shows growing recognition of ENS as a naming and identity primitive, emphasizing its interplay with DNS. Collaboration and feedback are encouraged.
JustaName Launches JustWeb3: A Complete Web3 Widget Solution
JustWeb3 simplifies Web3 onboarding with ENS subnames, SIWENS (Sign-In With ENS), verifiable credentials, and dApp integration. Designed with a plugin-driven system, it fosters decentralization, collaboration, and interoperability.
Demo: demo.justaname.id
SDK Docs: docs.justaname.id
📌 Working Group Bulletin
Term 5 Lead Working Group Stewards + Secretary Appointment
Meta-Governance – @5pence.eth
ENS Ecosystem – @slobo.eth
Public Goods – @simona_pop
DAO Secretary - @limes
The responsibilities of the Lead Stewards & Secretary are set out in Rule 9.8 and Rule 9.9 of the Working Group Rules.
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ENS DAO Working Group Schedule (2024)
Working Group | Time | Schedule | Location |
|---|---|---|---|
 Meta-Governance | 2pm UTC | Tuesday | |
 Ecosystem | 5pm UTC | Thursday | |
 Public Goods | 6pm UTC | Thursday |
ENS DAO Steward Election Results for Term 6
The results are in! Congratulations to the newly elected stewards for Term 6 across the three working groups:
Metagov
Public Goods
Ecosystem
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Congrats to all the stewards!
We look forward to seeing the progress and impact you will bring to the ENS DAO over the next term.
Meta-Governance
The Meta-Governance Working Group provides governance oversight and support for working group operations through DAO tooling and governance initiatives.
Meeting Minutes:
Term 5 Meta-Governance Stewards:
ENS Endowment Expansion Proposal
The ENS DAO is exploring a significant Endowment expansion led by karpatkey. Key proposals include:
Increase: Add 5,000 ETH for yield-generating opportunities.
Optimization: Adjust fee accrual to 25 days.
Goal: Ensure self-sufficiency through higher earnings.
November 2024 Endowment Report
Balance Overview:
Total funds in the endowment: $108m
Capital utilization: 99.9%
Monthly DeFi results: $369k
Review the full report prepared by @Karpatkey here.
November 2024 Financial Report
Financial Overview
Revenue > Cash Burn, Runway: 131 months
Revenue: $1.8m (vs. $1.6m last month)
Cash Inflow: $.9m (vs. $.7m last month)
Normalized Cash Burn: $1.1m
Reserves: $142m (ETH: 134m, USDC: 8m)
Total Endowment: $109m
P&L: $28.0m ($27.7M from ETH M2M)
Review the full report prepared by @Steakhouse here
Coinbase’s Role in Governance
Agora are considering ways to unlock ENS Delegations held by Coinbase to increase governance participation—proposed solutions include an upgrade to the ENS Governor followed by a delegate race.
More: Increasing Voting Supply with Coinbase
🌱 Ecosystem
The Ecosystem Working Group strengthens the ENS Protocol by facilitating developer relations, identifying and funding high-potential projects that enhance ENS, and supporting ENS-aligned initiatives.
Meeting Minutes:
Term 5 Ecosystem Stewards:
ENS Labs Updates
ENS Labs is actively advancing development across key areas. Minor updates to the L2 reverse registry smart contracts are ongoing, with continued work on refining the overall design. Progress on ENSv2, also known as Namechain, remains steady as efforts focus on smart contract development and a reimagined manager app. Additionally, a front-end redesign of the manager app is in progress, which includes improvements such as an enhanced dark modeexperience. For those interested in tracking the ENSv2 work, further details can be found in the verifiable factory repository.
In parallel, two new ERC proposals have been introduced by jefflau.eth. The first, onchain registration of chain identifiers, was authored by yuliyaalexiev, while the second, chain-specific addresses using ENS, comes from jrudolf. These proposals aim to enhance ENS utility and integration across the Ethereum ecosystem.
On the topic of post-quantum computing, ENS Labs addressed a community question regarding its consideration for ENSv2. While post-quantum security remains a critical concern, core L2 and Ethereum teams will lead efforts in this area, as practical implementation is still several years away.
Service Provider Updates
Wildcard (@stevegachau.eth & Sharon Mwaniki)
Wildcard offers a unified platform for managing ENS records across multiple L2 networks, enabling users to choose specific chains for record management and optimize transactions. By simplifying record management, Wildcard enhances flexibility and usability for ENS users operating on Layer 2 solutions. More details, including contracts, can be found in their repository: GitHub - WildcardLabs/superchain-resolver. For more information, visit their website: records.xyz.
NameStone (fka Resolver Works) (@slobo.eth)
NameStone takes a developer-focused approach to issuing ENS subnames on Layer 2 networks. Their new product, Durin, enables onchain L2 subname issuance in approximately 7 minutes using modifiable templates. Currently, NameStone supports deployments on 5 Sepolia chains and Base mainnet, with plans to expand further. To date, the platform has achieved 80 deployments and registered 280 names. Additional resources, including documentation, contracts, and architecture details, can be accessed via GitHub.
Namespace (@cap)
Namespace has begun building a user-friendly front-end to simplify subname management, subscriptions, resolver configurations, and API key usage. This effort aims to streamline ENS processes for a broader user base. In addition to development updates, Namespace has published an article exploring ENS scaling challenges, which can be shared and read on x.com. For more information, visit their website: namespace.tech.
Unruggable (@Premm.eth & @clowes.eth)
Unruggable is expanding ENS use cases beyond identity data by introducing new functionalities such as developer scores, onchain balances, and voting power. They have developed security features, including guards for enhanced data protection and queryable records. A key update is the proposed ENSIP Hooks, which enable secure resolution of onchain data through ENS records. An example includes resolving ENS token votes via specialized text records, with further details available on their ENSIP GitHub. A demo is also provided via hooks-demo. Looking forward, Unruggable is exploring resolver-specific protocols for horizontally scaling ENS across networks like Base and investigating use cases involving zk technology.
ENS Rent (@alextnetto.eth & Lucas from Blockful)
ENS Rent introduces a platform that allows users to rent and list ENS domains, enabling domain owners to monetize unused assets. The platform distinguishes between manager and owner roles, ensuring that control remains locked until the rental period ends. For clarity, they emphasize the use of the term “lease” when referring to renting subnames. ENS Rent originated as a hackathon project and continues to evolve, with contracts available on their GitHub repository. Learn more on their website: ens.rent.
Bi-Weekly ENSIP Update
ENSIP GitHub Repository
The ENS Improvement Proposals (ENSIPs) are continually updated, offering insight into ongoing and future developments. To explore the full repository and stay informed about the latest proposals, visit: GitHub - ensdomains/ensips.
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Ongoing Work
Work on Hooks is progressing, with further updates expected next week. In response to Vitalik’s tweet about the “perfect wallet,” the team is also developing a new ENSIP proposal, ENSIP-TBD-8.md. This proposal establishes a standard for specifying a priority list of coinTypes through the use of an ENS text record, improving wallet functionality and user experience.
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Feedback Request
Community involvement and feedback are highly encouraged to shape the direction of ENSIPs. If you’re interested in contributing or providing input, reach out to @nxt3d on Twitter to get involved.
Public Goods
The Public Goods Working Group supports the Ethereum ecosystem by identifying and funding open-source development.
Meeting Minutes:
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Term 5 Public Goods Stewards:
ENS DAO Launches Public Goods Builder Grants
ENS DAO introduces Public Goods Builder Grants to support impactful projects that drive innovation in Ethereum and Web3 ecosystems.
What is it?
A grant program providing financial support to public goods projects.
Who is it for?
Projects building infrastructure, tools, or educational resources that scale and grow the Web3 ecosystem.
How does it work?
Apply for a grant.
Submissions reviewed by stewards.
Deliver milestones as proposed.
Apply for further funding.
How to Get Started?
Submit your application with project details, milestones, funding needs, and social links. Connect your wallet and scale your project!
Apply now: builder.ensgrants.xyz
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Public Goods Working Group Awards $40K to Urbe.eth for Blockchain Education
The Public Goods Working Group awarded Urbe.eth $40K USDC to advance blockchain education through intensive bootcamps. Urbe Campus equips developers with Web3 skills via hands-on training and hackathon preparation, empowering the next generation of builders.
Learn more: Urbe.eth Grants Review
Public Goods Working Group Awards $25K to Rotki for DeFi Activity Management
The Public Goods Working Group has awarded Rotki $25K USDC to enhance privacy-focused portfolio management. Rotki integrates Odos DEX across EVM chains and ExtraFI on Optimismand Base, empowering users to manage their DeFi activities efficiently.
Learn more: Rotki Grants Review
Grantee Update: Firefly
Firefly achieved significant progress during Devcon, particularly in device scaling and community engagement. The team successfully assembled and flashed hundreds of devices for the event and is now focused on improving and scaling the flashing process to streamline future batches.
Community interest in Firefly was overwhelming, with @ricmoo delivering two talks that drew significant attention from attendees. The positive reception has led to plans for another batch order of 500 devices. Additionally, Firefly aims to initiate community drops starting next year across various cities. To prioritize user privacy and avoid doxxing risks, the team prefers to deliver devices in person instead of collecting addresses.
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Q4/Q1 Focus
Firefly’s upcoming focus includes launching developer bounties funded by the ENS Public Goods Working Group. The goal is to encourage hackers and developers to build on Firefly devices and explore innovative ideas for further applications and use cases.
Firefly continues to expand and improve device distribution while fostering innovation. Stay tuned for next year’s milestones!
📗 Resources
ENS DAO offers several resources for understanding and participating in its ecosystem:
ENS DAO Basics: Learn about the ENS DAO, including voting and governance.
Support Docs: Guidance on registration, renewals, and development aspects.
Governance Docs: Insights into governance structure.
ENS Agora: Governance hub for proposal review and voting.
Give Feedback: Share input to help improve ENS.
ENS Repository: The ENS Protocol’s main GitHub repository.
Thank you for reading! Goodbye.
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