We value the voice of our community and are always eager to hear from you. The ENS team actively encourages feedback on all updates to better our system and enhance user experience. Please share your thoughts, suggestions, or concerns at ens.canny.io.
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Newsletter Roundup (tl;dr)
ENS Labs Update: EVM Gateway on OP Goerli, Patent Debate
Ratification Update for DAO Delegates: The DAO has voted FOR the belowmentioned proposals and will be implemented on or after November 10th. For a detailed review of the discussions and to track the implementation, delegates can refer to the respective proposal links. Thank you for your continued participation in ENS DAO Governance.
Note: A minimum of 100k $ENS is required to submit executable proposals. Once a proposal gains momentum, the stewards will prioritize it for a vote during the designated voting window. See our Governance Docs for more information. To view the real-time distribution of voting power among delegates, visit votingpower.xyz.
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ENS Labs Updates
ENS Stats: October 2023
In October 2023, ENS experienced significant growth; the service witnessed 56,000 new .eth domain registrations, bringing the total number of names to 2.4 million. This generated $1.2 million in protocol revenue, which was fully allocated to the ENS DAO. Additionally, the ENS ecosystem grew with 49,000 new Ethereum accounts that hold at least one ENS name, culminating in a total of 790,000 such accounts. The month also saw 47,000 primary ENS names being set, amounting to a cumulative total of 677,000. Furthermore, there was an increase in the personalization of ENS profiles with 11,600 new avatar records set, reaching a new high of 135,000 in total. — 11.02.23
Notice: Please be informed that the ENS Repository has been updated with new commits and actions in the past two weeks since our last newsletter. While we strive for accuracy, there may be instances of incompleteness or errors. For the most precise and up-to-date information, we recommend checking the ENS Repository directly. We appreciate your understanding and encourage your due diligence.
Repository: ensdomains/ens-app-v3
storywithoutend pushed: Merge pull request #599 from ensdomains/fix/non-ev-delete-advanced-ed Test #2336 & Cloudflare Pages #2552, Commit fb93a2f
storywithoutend pushed: Merge pull request #600 from ensdomains/FET1316-tests Test #2335 & Cloudflare Pages #2551, Commit df1be51
storywithoutend pushed: fix bug in useExpandableRecordsGroup Test #2334 & Cloudflare Pages #2550, Commit c336a75
sugh01 pushed: (test) Add few more records to test Test #2333 & Cloudflare Pages #2549, Commit 9d17fd0
storywithoutend pushed: update profile editor spec for abi record item Test #2332 & Cloudflare Pages #2548, Commit 3d64f1a
storywithoutend pushed: update unit test Test #2331 & Cloudflare Pages #2547, Commit be7d797
In a nuanced situation, Unstoppable Domains (UD) has made strategic moves that have stirred the waters with ENS Labs. UD, having secured a patent and actively pursuing others, positions itself protectively within the Web3 domain. They have extended an invitation to ENS Labs to join the Web3 Domain Alliance, an initiative led by UD, which ostensibly champions open innovation.
Nick Johnson of ENS Labs has publicly expressed concern about this direction. ENS, a proponent of open-source and open standards, seems to feel that UD’s actions could potentially stifle innovation in the Web3 naming space. There is an implication that ENS Labs sees the requirement to join the Web3 Domain Alliance as a form of strong-arming, given UD’s patent activities.
ENS has suggested an alternative: a legally enforceable patent pledge from UD to the entire Web3 community, ensuring open-source access and preventing potential litigation against innovators in the space. However, UD’s response indicates a belief in the protective power of patents and a preference for managing these issues within the alliance framework they lead.
The discourse suggests a tension between two philosophies: one that believes in an unencumbered commons for innovation and another that sees strategic patenting and alliances as necessary for defending against threats, particularly from Web2 incumbents. ENS Labs stands firm in its position, willing to challenge the patent if they believe it encroaches upon their innovations. Meanwhile, UD holds that their approach with the alliance and patenting is in the best interest of Web3’s future, implying that their methods provide a safeguard for the community.
Both parties appear to remain open to dialogue, although their stances on how best to foster innovation within Web3 are at odds. The resolution of this conflict could set a precedent for how intellectual property is handled in the emergent and rapidly evolving Web3 space. — 11.16.23
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EVM Gateway | Scaling ENS on L2
ENS Labs has unveiled the EVM Gateway; it is designed to enhance interoperability across Ethereum Layer 1 and Layer 2 networks, paving the way for a new era of seamless blockchain integration. By facilitating secure and efficient cross-chain interactions, the EVM Gateway serves as a cornerstone for the next generation of Layer 2 resolvers. Its modular architecture empowers developers to either set up their own gateways or leverage existing ones, ensuring a versatile and user-friendly experience. Already making waves, the EVM Gateway has been adopted for early use on the Optimism Goerli Testnet, marking a significant milestone in ENS Labs’ Layer 2 roadmap. With the potential to revolutionize communication between smart contracts and decentralized applications, the EVM Gateway is poised to foster a more connected and efficient ecosystem. — 11.15.23
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Constellation Connect | Keynote: The EVM Gateway
At Chainlink’s Constellation Connect in London, Matoken.eth delivered a presentation on the EVM CCIP-Read Gateway. This event marked the first public unveiling of this scaling technology developed by ENS Labs. The presentation covered various aspects, including ENS’s offchain strategy, the intricacies of the EVM L2 Gateway, and its applications beyond ENS. Matoken.eth also introduced practical components like the Offchain Resolver Starter Kit and the EVM Gateway Starter Kit. Review the presentation and visit the repository. — 11.08.23
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Devconnect | Keynote: The ENS Canon
At Devconnect, @matoken.eth and tanrikulu.eth (@mdt) presented a comprehensive overview of “The ENS Canon.” This presentation explored the intricacies of ENS and its multifaceted utilities in Web3. Key highlights of the presentation included an in-depth explanation of what ENS is, its integration examples, and its role as a Web3 username. The speakers delved into three levels of building on ENS: reading ENS data, writing ENS data, and utilizing the EVM Gateway. They demonstrated the practical use of ENS in various scenarios, such as reverse lookups and avatar text record examples. The discussion also touched upon advanced concepts like the EVM Gateway’s role in verifying Layer 2 data on Layer 1, emphasizing its importance in a trust-minimized gateway. This presentation not only informed the audience about the technical aspects of ENS but also highlighted its significance in improving user experience in the Web3 ecosystem. — 11.17.23
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ENS Labs Appoints Alex Urbelis as New General Counsel and CISO
ENS Labs has announced a significant new hire for their team, bringing on board Alex Urbelis from Crowell. Alex will serve as the General Counsel and Chief Information Security Officer (CISO) for the organization. With a track record of international recognition as a technology attorney and cybersecurity expert, Alex’s previous roles include serving as CISO at the NFL and substantial work with ICANN and DNS. His expertise encompasses threat intelligence, digital asset protection, and cybersecurity practices, and he is noted for his unique multidisciplinary approach to legal issues. ENS Labs has expressed their enthusiasm for Alex joining their team, underscoring the valuable addition he will make with his breadth of experience and depth of knowledge in the field. Welcome, Alex! — 11.09.23
The ENS DAO is observing its biennial anniversary by reflecting on the significance of its Constitution and the core values and principles it established for decision-making. There is a call to revisit the five foundational articles that guide the governance of ENS. The Constitution serves as a bedrock for the community, guiding aspects beyond the scope of DAO smart contracts to ensure legitimacy and alignment with the community in discretionary decisions. This anniversary marks a milestone of over 84,000 voters who ratified the Constitution two years ago, underscoring the active participation and engagement of the ENS community in the governance process. — 11.16.23
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Onchain Attestations with Coinbase
Coinbase has integrated Ethereum Attestation Service (EAS) to enable users to verify their account and country credentials directly on the Ethereum blockchain, a process fully authenticated by Coinbase. This feature allows users to confirm the legitimacy of their trading accounts and, if desired, their country of residence, linking these verifications to their self-custodial Ethereum wallet addresses, which are not transferable. Additionally, Coinbase leverages ENS subnames, particularly through verifications.coinbase.eth, to further underscore its commitment to trust and reliability, demonstrating the effective application of ENS subnames in enhancing user security. — 11.09.23
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6529.eth custodies “The Goose”
6229.eth recently secured “The Goose” artwork, at thegoose.6529.eth. This move not only showcases the artwork’s unique identity but also underscores the growing trend of utilizing ENS subnames for digital asset management. ENS subnames serve as a simplifying layer, offering memorable and personalized addresses for complex blockchain identifiers. — 11.10.23
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Devconnect Panel: Public Goods
The Public Goods Working Group hosted a panel during ITU Blockchain’s event “notDEVCON”; the talk featured a retrospective on ENS DAO’s Public Goods funding model where they presented several initiatives including ENS Grants, Small Grants and Large. — 11.17.23
Status.app is an open-source, decentralized crypto communication super app that offers various features designed for web3. It’s integrated ENS, which allows users to utilize their ENS names for simplified sign-ups to its beta. Status.app offers a diverse set of web3 features, including decentralized community engagement, private messaging with encryption, multi-chain cryptocurrency management, and a dApp browser for web3 applications. — 11.18.23
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1W3 Buildathon Announces Winners
1W3’s inaugural buildathon has closed and the organizers are pleased to reveal the outstanding winners. A total of $1150 in prizes was distributed among six exceptional participants:
artiefishal.eth
aft3rparty.eth
tradfi.web3kz.eth
joyful.eth
chapy.eth
frogfrens.eth
These winners distinguished themselves with their inventive and forward-thinking solutions, highlighting the remarkable talent and collaborative spirit within the tech community. Their achievements emphasize the crucial role of such events in fostering innovation.
1W3 expressed their gratitude to ENS DAO and Labs for their invaluable support and collaboration in bringing the 1W3-sponsored Buildathon to fruition. — 11.18.23
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Raffy.eth builds a tool to check ENS Expirations
@Raffy.eth has developed a convenient tool to streamline the process of ENS domain name expirations. This innovative solution, available at raffy.antistupid.com/eth/ens-exp.html, provides users with a hassle-free way to verify the expiration status of multiple ENS domains in one go. By using this tool, users can efficiently manage their ENS portfolio, ensuring they never miss an important renewal date. — 11.18.23
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frENS Hour in Istanbul
Blockful.io hosted an impromptu “frENS hour” event at Devconnect Istanbul, proudly organized and supported by Blockful, FireEyesDAO, and POAP. This event brought together blockchain enthusiasts, developers, and members of the community for an engaging and informative gathering. Participants had the opportunity to network, share insights, and learn from experts in the field. It was a dynamic occasion that showcased the collaborative spirit of the blockchain ecosystem. — 11.14.23
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Working Group Bulletin
Q3/Q4 Lead Working Group Stewards + Secretary Appointment:
The ENS DAO October Financials reveal a strong position in terms of sustainability and endowment. Revenues are higher than cash burn, with a cash inflow of $1.2 million, which is 2.17 times the cash burn rate, and an operating runway of 151 months. This indicates a healthy financial status, with the current revenues at $1.8 million compared to $1.9 million in the previous month and $2.8 million in the previous year. The normalized cash burn stands at $0.6 million, consistent with the previous month and down from $0.8 million the previous year. Reserves have increased to $85 million, up from $80 million last month and $62 million last year, consisting of $59 million in ETH and $26 million in USDC.
The endowment is also well-funded, with the second tranche completed and a social consensus reached to reduce stETH exposure to 20%. The endowment’s assets amount to $58.8 million, with $13.0 million in stablecoins and $45.8 million in ETH invested. The Profit and Loss (P&L) for the period stands at $4.3 million, which includes $4.2 million from ETH mark-to-market and $117k from returns. These returns count token yield farming rewards when they are claimed and converted to the base currency. The financial reporting indicates that the endowment’s recurring revenues cover 21% of the cash burn, which is a positive sign of financial health and forward planning. — 11.09.23
The Meta-Governance working group is seeking proposals from qualified individuals or firms to create comprehensive DAO bylaws for the ENS DAO. These bylaws should be clear, adaptable, and follow best practices, including existing DAO documentation. They will cover aspects like working group operations, voting processes, bylaws amendments, and the DAO’s responsibilities. The RFP is open until November 21st, with submissions accepted via DM to @Meta-Gov_Stewards. After review, the selected party will work with the Meta-Governance Working Group to draft the bylaws for DAO review and adoption through a social vote. — 11.20.23
The discussion consisted of increasing accessibility of engaging in DAO proposals. Coltron.eth expressed a keen interest in fostering discussions on this matter. The conversation revolved around strategies to acquire voting power, including delegate races and potential collaborations with entities such as Coinbase, which holds a significant number of delegations. Coltron recommended setting aside this topic for a future meta-governance discussion. Additionally, it was announced that a DAO Town Hall is scheduled for December, with the exact date yet to be confirmed. — 11.07.23
Note: The ENS Ecosystem Working Group offers rolling grants, and applicants can apply anytime. The evaluation process takes around four weeks, and unsuccessful applicants are welcome to reapply in the future.
Hidayath.eth recently presented their project, eth.cd, during the ecosystem working group call. Their initiative revolves around creating a social network centered around ENS domains, aiming to assign a “Social Score” based on the number of ENS records associated with users. In the future, they plan to expand this score to encompass other protocols as well. With approximately 70,000 unique names complete with avatars, they intend to display the top 100 names on the platform’s homepage. Additionally, they are actively working on establishing standards for ENS records, such as integrating Instagram links. Hidayath.eth’s vision extends to integrating various social and social graph tools into their protocol, including the Ethereum Follow Protocol. — 11.09.23
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Service Provider Nominations are Open
The DAO has made a noteworthy decision by allocating a substantial $3.6 million USDC funding pool for service providers dedicated to advancing the ENS ecosystem. This move follows a successful vote within the ENS DAO, reflecting the community’s strong commitment to fostering ENS’s growth. Nominations for service providers are now open, welcoming development teams engaged in ENS-related projects to participate, with up to $1 million in annual funding available for selected providers who meet the minimum 10,000 $ENS token threshold for eligibility. The nomination window is set to close on December 1st, and interested parties can submit their nominations on the forum and view official rules here. — 11.16.23
serenae-fansubs commit: Merge pull request #587 from timdegen/patch-1, Commit 005cda0, Add Gem Wallet to list of supported wallets
Repository: ensdomains/ccip-rust-gateway
Lucemans introduced initial project: b165e2d
Repository: ensdomains/thorin
jakim929 & gskril commit: Update installation instructions to include.., d37dc4f updates the installation instructions to specify the inclusion of peer dependencies styled-components and react-transition-state, which were previously not listed in the initial install instructions.
Repository: ensdomains/evmgateway
makoto and Arachnid pushed: Crosschain delegatable resolver (#11), Commit e6147d9
makoto pushed: Added instruction on subname registrar CI #196, Commit 383a3d2
makoto pushed: Add base deployment CI #195, Commit f841a7e
makoto pushed: Update bun CI #194, Commit b6c37f4
makoto pushed: Fix wildcard for subname CI #193, Commit 10c8dee
makoto pushed: Add getaddr CI #192, Commit 75373f7
makoto pushed: Add setup script CI #191, Commit 408df76
makoto pushed: Update deployment readme CI #190, Commit 3f9587d
makoto pushed: Add deployment script CI #189, Commit 738bedc
makoto pushed: Merge branch ‘feature/crosschain-resolver-with-reverse-registrar’ CI #187, Commit c579177
makoto pushed: Recreate bun.lockb CI #186, Commit e142a7b
makoto pushed: Update ens-contracts on crosschain-reverse-resolver CI #185, Commit 6e725f6
makoto pushed: Commit bun CI #184, Commit 8240df8
makoto pushed: Resolve conflicts CI #183, Commit 4de68ed
makoto pushed: Crosschain reverse resolver with L2ReverseRegistrar CI #182, Commit 0af483b
makoto pushed: Resolve conflicts CI #181, Commit 5ef2612
makoto pushed: Update bun CI #180, Commit 7fad46a
makoto pushed: Resolve conflicts CI #179, Commit 35b91ee
makoto pushed: Crosschain delegatable resolver CI #178, Commit e6147d9
NOTICE: We value the voice of our community and are always eager to hear from you. The ENS team actively encourages feedback on all updates to better our system and enhance user experience. Please share your thoughts, suggestions, or concerns at ens.canny.io.
Newsletter Roundup (tl;dr)
ENS Labs Update: ENS Stats, Repository Updates
Community Updates: Small Grants Results, frENS stories
Meta-Governance: Proposal to transfer the root key to the DAO
Public Goods: Large grants recepients announced
Ecosystem: EVMgateway, Grantees announced, ENS DAO Archive
Announcement: The November 3rd voting window for October DAO is now active, with significant proposals on the table including Endowment diversification and Working Group Funding for October 2023. Stakeholders are encouraged to participate within the seven-day window for executable proposals and five-day for social proposals, as your contributions shape the future of our governance.
Note: A minimum of 100k $ENS is required to submit an executable proposal. Once a proposal gains momentum, the stewards will prioritize it for a vote during the designated voting window. See our Governance Docs for more information.
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Budget Proposals:
The ENS DAO has tabled budget proposals for Q4 2023/Q1 2024:
ENS Ecosystem Working Group: Requests 409,000 USDC for enhancing the ENS Ecosystem.
MetaGovernance Working Group 1: Requests 376,000 USDC, 40 ETH, and 52,300 $ENS for strengthening ENS DAO’s governance processes and infrastructure.
Public Goods Working Group: Requests 218,204 USDC and 35 ETH to support web3 public goods in line with the ENS DAO Constitution.
For a comprehensive view and detailed breakdown of each proposal, including their specific objectives and use of funds, please click here.
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ENS Labs Updates
ENS Stats: October 2023
In October 2023, ENS experienced significant growth; the service witnessed 56,000 new .eth domain registrations, bringing the total number of names to 2.4 million. This generated $1.2 million in protocol revenue, which was fully allocated to the ENS DAO. Additionally, the ENS ecosystem grew with 49,000 new Ethereum accounts that hold at least one ENS name, culminating in a total of 790,000 such accounts. The month also saw 47,000 primary ENS names being set, amounting to a cumulative total of 677,000. Furthermore, there was an increase in the personalization of ENS profiles with 11,600 new avatar records set, reaching a new high of 135,000 in total. — 11.02.23
ENS Small Grants Round: A Leap Forward in Community-Driven Innovation
The Small Grants round, which began on October 25th and concluded on October 31st, successfully attracted a diverse array of submissions aimed at enhancing the ENS ecosystem and supporting public goods within the Web3 space. The grants round saw a total distribution of 27 ETH, equivalent to roughly $50,000 USD, across 20 projects.
In an interesting development this year, the voting mechanism was overhauled from $ENS token-weighted voting to a one-person-one-vote system, facilitated by the issuance of a non-transferrable Working Group Grants Card. Between 300 and 600 of these cards were distributed to small grants participants, large delegates, active community members, and other stakeholders within the ENS community.
The top five projects in the ecosystem category, namely ENS Wayback Machine, 1W3, Namespace, NYCMobile.eth, and NameSys, shared a prize pool of 15 ETH, with awards ranging from 5 ETH to 0.7 ETH based on their ranking. The public goods category allocated a total of 13 ETH among its leading projects (Giveth, Ethereum News, dm3, Rotki, and Pairwise), also with a tiered prize structure. — 10.31.23
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Console: Bridging Communities in Web3 with ENS
Console, the Web3 community application, has rolled out its beta feature integrating ENS with user profiles. Known for over 100 Web3 integrations and facilitating secure, private communication akin to Discord but with a focus on user ownership, Console enables users to showcase their NFTs and partake in token-gated communities. This step forwards in beta testing reflects Console’s ongoing effort to provide a versatile and secure platform for the privacy-conscious Web3 user, streamlining collaboration and interaction within the digital asset space. — 10.24.23
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Box Domains introduces ‘Slugs’ with Their First Launch Partner
Box Domains has revealed its inaugural launch partner, s.box which is positioned as a Decentralized Onchain URL Shortener. “Slugs” is their main offering, touted as a straightforward and efficient tool bridging the gap between Web2 and Web3 claiming to surpass current market options in performance. — 10.26.23
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Layer3: Simplyfying Ethereum Transactions with ENS
Mirror’s Web3 publishing platform recently highlighted Layer3’s educational piece on ENS, which functions like a phonebook for Ethereum addresses, providing user-friendly domain names like “vitalik.eth” as opposed to complex alphanumeric strings. With over 2.5 million ENS domains, it’s the leading crypto domain name system. The guide detailed a straightforward process for acquiring an ENS domain, emphasizing the streamlined and improved user experience on the decentralized web. — 10.24.23
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Galaxis Launches ENS Equinox NFT Forge
Equinox Forge has been launched on Galaxis, allowing users to collect 12 unique ENS Equinox NFTs. Successful collectors of the full set will have the chance to create a special 13th NFT. The event began at 13:00 UTC on October 23, 2023, and will remain active indefinitely. Details are available on the Galaxis website. — 10.23.25
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Zapper Enables ENS-Linked Profiles with Farcaster
Zapper, a leading cryptocurrency portfolio management platform, has expanded its permissionless integration features in a compelling direction. In addition to allowing users to type in an ENS domain to populate their profile information automatically from Farcaster, Zapper has launched Chainchat. This innovative communication tool enables users to interact using their ENS names, further intertwining financial and social aspects of digital identity within the Web3 ecosystem. Chainchat’s launch signifies a deeper commitment by Zapper to streamline user experience and promote interoperability. With this, Zapper is not only facilitating a seamless display of decentralized social media profiles but also enhancing user interaction, emphasizing the convergence of financial tools and social connectivity on the platform. — 10.26.23
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High adoption at ETHRome
At ETHRome, 43% of the projects created by the 132 developers in attendance integrated ENS. This shows a significant use of ENS in Ethereum-based projects, indicating its importance in the Ethereum infrastructure. The data suggests that ENS is becoming increasingly popular for developers who aim to improve the user experience of blockchain applications. The high adoption rate of ENS among developers at ETHRome also points to the ongoing growth and innovation within the Ethereum ecosystem. — 10.27.23
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Ethereum Follow Protocol Garners Support
The Ethereum Follow Protocol (EFP) has broadened its ecosystem, announcing a collaboration with @0xNimi and four additional launch partners: @skiffprivacy, @NamehashLabs, @Nifty_Island, and @LlamaFolio. This protocol, aimed at enabling users to follow Ethereum accounts and manage lists of contacts within the network, is set to enhance the .eth profiles on @eth_limo by displaying follower statistics. Designed to be simple and flexible, EFP intends to function as a foundational component in the Ethereum infrastructure, potentially as a transferable NFT for list portability. As a new layer in Ethereum’s identity framework, EFP is positioned to support various applications, from social networking to DeFi monitoring. The proposal is in the feedback stage, with aspirations to evolve into an EIP standard supported by a dedicated development team. — 10.27.23
Beacon Chain, an open-source Ethereum blockchain explorer, has recently upgraded its platform to integrate ENS domain support for validator deposits and transaction pages. This feature enhancement allows users to search for domains registered via ENS and includes predictive search capabilities for ENS domain names. The update aims to simplify the address lookup process, addressing a significant user pain point, and is a step forward in user experience. — 10.30.23
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Ethereum Evolutions, L2 Solutions
Vitalik.eth recently published a thought piece that delves into the dynamic landscape of Ethereum’s layer 2 solutions. He highlights the rapid expansion of the layer 2 ecosystem, featuring projects like Arbitrum, Optimism, Scroll, Kakarot, Taiko, Celo, Linea, and Zeth, among others. This evolution has led to increasing heterogeneity within the ecosystem, driven by a variety of factors, including the gradual transition of independent layer 1 projects toward closer integration with Ethereum, the quest for enhanced security by certain centralized projects, and the unique needs of non-financial applications like games and social media. Additionally, the article emphasizes the importance of user fee considerations in the decision-making process, and it provides insights into the trade-offs between rollups, validiums, and other systems. Trustlessly reading Ethereum and ensuring asset security remain central challenges in this evolving landscape, where adaptability and flexibility are key to future success. — 10.31.23
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Exploring Web3 Profiles with ENS: A Keynote at OFR Istanbul
Tanrikulu.eth, a full-stack developer at ENS, will be the keynote speaker at OFR Istanbul - Autonomous Arcade & Mass Adoption on November 14. His presentation, titled “Unlocking the Future: Web3 Profiles with ENS,” will provide valuable insights into ENS and its potential impact. For more info on this event, visit here. — 11.01.23
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ENS Workshop at the Constellation Hackathon
Matoken.eth will be hosting a technical workshop at the University of Westminster, setting the stage for the Constellation: a Chainlink Hackathon (November 8th). This preparatory session will provide attendees resources to learn about ENS and its smart contracts, equipping them with the knowledge and skills required for the forthcoming global online event. As part of a group of speakers, including experts from Chainlink Labs, Makoto will play a pivotal role in guiding participants through the intricacies of blockchain technology. Learn more here. — 10.30.23
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NameGuard and ENS Authenticity
NameGuard is set to launch as a tool designed to detect and prevent the misuse of ENS identities across web3 platforms. It will offer a critical review of ENS names, flagging potential risks such as lookalike characters and unsupported fonts that could indicate fraudulent activity. The tool aims to address the growing issue of ENS scams, where scammers create ENS names that mimic those of public figures or trusted entities to deceive users. NameGuard will provide an open-source library, an API, and a user interface kit to facilitate its adoption by web3 applications. This preemptive solution is critical for NFT marketplaces and social platforms integrating ENS, where deceptive listings have become prevalent. — 10.30.23
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Skiff Integrates ENS for Email Aliases in Moble App Update
Skiff.com is a platform that provides privacy-focused collaboration tools, including secure email and document sharing services. The recent update mentioned allows users to select their ENS Domains as an alias directly from the Skiff Mail mobile application. This integration enables users to utilize their blockchain-based domain names as part of their email identity, enhancing both the personalization and the use of decentralized web features within the Skiff ecosystem. — 10.24.23
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"Decoding Web3: An Essential Guide to ENS by ENS Vision
The team behind ENS Vision has crafted a comprehensive guide to navigate the complexities of the Ethereum Name Service (ENS), a decentralized alternative to traditional DNS on the Ethereum blockchain, which is revolutionizing the way we interact with web3. This guide clarifies that instead of memorizing cumbersome alphanumeric strings, users can now utilize straightforward .eth domains. It explains the auction-based acquisition process, the roles of Registrants and Controllers, and the significance of Resolvers in linking human-friendly names to machine-readable addresses. The guide emphasizes the marketplace dynamics, where ENS domains, akin to digital real estate, can be traded. It also touches on the vital concepts of domain renewal and ownership transfer, aligning with the decentralized, user-empowered narrative of web3. ENS.Vision’s team is dedicated to demystifying the ENS space, ensuring that their platform remains intuitive for a broad audience, from blockchain aficionados to novices, and is steadfast in its mission to provide a seamless and democratic web experience. — 10.24.23
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Yuga Labs Gaming Updates with ENS
Yuga Labs Gaming has updated their Shattered leaderboard to now display ENS domains when available, replacing the previous method of showing user wallet addresses. - 11.01.23
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frENS Studio Chronicles ENS Lore under Ethereum Foundation
The frENS Studio project unveiled a short story detailing the launch of the Ethereum Name Service (ENS) on May 4, 2017, by the Ethereum Foundation. Spearheaded by developers Nick Johnson and Alex Van de Sande, the service initially allowed bidding on domains with seven or more characters, where bid amounts were held as deposits. Highlighting the spirited early market for ENS, within a week, domain names like ‘exchange.eth’ garnered 6,660 ETH, with ‘foundation.eth’ and ‘weather.eth’ fetching 300 ETH and 101 ETH, respectively. — 10.29.23
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Working Group Bulletin
Q3/Q4 Lead Working Group Stewards + Secretary Appointment Appointments:
Summary of Small Grants Voting Round and Recommendations
The recent voting round for Small Grants has concluded, witnessing significant participation from the community. There was a collective expression of thanks to @gregskril for their valuable input. @vegayp has suggested that there should be a reflective review of the process and the outcomes, as well as an enhancement in promoting future grant rounds. A meeting is proposed for the following week to discuss how to improve and evolve the Small Grants process. These grant rounds are recognized for their role in boosting community involvement beyond just domain purchases and interactions on forums. The suggestion to implement feedback mechanisms for these grants has also been raised for consideration. — 11.03.23
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Karpatkey Updates
The vote on Permission Update #3 is live. Karpatkey has released a self-audit for public review. The firm is refining its on-chain proposal process after community feedback sessions. Financially, Karpatkey has reduced its stETH holdings to 20% for better asset diversification. The October treasury report is underway, with stakeholders urged to review last month’s report. — 11.03.23
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Agora to Enhance Proposal System and Delegate Engagement
Meta-Governance stewards have preliminarily agreed to fund enhancements to the proposal process, concentrating on delegate engagement and contribution facilitation. Efforts will also aim to streamline proposals and deter spam. Yitong has highlighted challenges for new delegates in vote access, proposing re-delegation of tokens as a solution. Agora plans to introduce a proposal soon that would allow former delegates to re-delegate their tokens, effectively creating a registry for additional vote sourcing for the governor contract. — 11.02.23
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ENS DAO Root-Key Transfer Proposal
Nick.eth has proposed transferring the control of the ENS root-key to the ENS DAO for enhanced decentralization, in an action that strives to grant greater power to the DAO and its community. The ENS DAO already controls the .eth registrar and related functionalities but not the core ENS root, which is governed by a multi-signature system capable of creating and managing TLDs, except for .eth which is fixed. The transfer would also facilitate updates to reverse resolutions and support for domain names on Layer 2 solutions. — 11.02.23
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ENS DAO Financial Overview by avsa.eth
Avsa.eth’s reports that the ENS DAO has accrued close to $100 million, majorly from ETH/USDC transactions, with a steady income from the registrar controller amounting to roughly $30,000 daily. Expenditures amount to about $70 million, leaving $16 million in reserves, excluding ENS tokens. Significant payouts include contributions to Endaoment and a $11,500 daily allocation to ENS Labs, as per DAO proposals. Working groups’ budgets are substantial, yet they maintain considerable unspent funds, with the Ecosystem group sitting on over $600,000. The report underscores the importance of robust auditing and transparent accounting for the DAO’s funds, emphasizing the need for better tools to monitor spending and manage unspent funds effectively. — 10.24.23
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Steward Compensation Framework
The Meta-Governance Working Group has developed a steward compensation structure. This new framework seeks to establish fair and transparent payment for stewards and lead stewards, addressing previous inconsistencies in compensation. A collective proposal mechanism dictates compensation norms, with no payment permitted outside of this structure.
The proposed compensation table recommends $3,000 monthly for each steward, totaling $18,000 per term, and $4,500 for leads, amounting to $13,500 per term. Additional discretionary funds are allotted based on the working group’s majority decision. Secretaries are set to receive $5,500 monthly, while scribes receive $3,000. In total, the term compensation sums up to $294,000. The group suggests all stewards accept the stipend, retaining the option to redirect it, ensuring transparency and fairness moving forward. This structure will guide current and future compensation, without retroactive changes. — 11.02.23
In the fourth quarter of 2023, two innovative projects, GasHawk and Ethereum Follow Protocol (EFP), were announced as grant recipients. GasHawk, known for its non-custodial service that reduces transaction costs and enhances security on the Ethereum network, has been awarded a 40k USDC grant, adjusted from an initial request of 50k USDC due to budgeting constraints. The grant is milestone-contingent, promising an additional 10k USDC upon successful completion of set goals, including a browser extension and webhook functionality, both expected by Q1 2024.
Similarly, EFP, aiming to establish a social graph protocol for Ethereum accounts to enhance the web3 identity stack, received a matching grant of 40k USDC under the same conditional terms. Their deliverables include the development of EFP smart contracts and an off-chain Indexer, with progress updates scheduled for the working group calls over the next six months. Both projects demonstrate significant potential in advancing the Ethereum and Web3 ecosystems, reflected in the confidence and financial backing of the working group. — 11.03.23
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Small Grants Results
The latest Public Goods Small Grants Round has successfully wrapped up, marking a significant milestone with a 134.78% increase in voter participation, as 108 unique voters made their voices heard. This round was particularly notable for the community and stewards who took the time to acknowledge the contributions of @gregskril, praising the development of the grants round’s front-end interface. Looking forward, stewards are considering an innovative approach to reflect on the round’s outcomes by employing data storytelling techniques enhanced by visualizations. Special accolades were extended to the top five winners of the round, which included Giveth, Ethereum News Daily, DM3, Rotki, and Pairwise, celebrating their achievements in this competitive event. — 10.31.23
Note: The ENS Ecosystem Working Group offers rolling grants, and applicants can apply anytime. The evaluation process takes around four weeks, and unsuccessful applicants are welcome to reapply in the future.
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Gasless DNSSEC Updates
ENS Labs provided an update on the integration of Gasless DNS names ENS, outlining a new, cost-efficient method for DNS name owners to partake in the web3 space. By enabling DNSSEC on their domains and setting a specific DNS TXT record, users can link their traditional domain names directly to the Ethereum blockchain, allowing these domains to be resolved in web3 applications without the need for costly DNSSEC proofs on Ethereum. For an in-depth look at how you can use your existing domains seamlessly within the Ethereum ecosystem, visit ENS Labs’ detailed guide. — 11.03.23
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Mutli Delegate Contract
Development is in progress for a token contract that allows holders of governance tokens, like those from ENS, to assign their delegation rights to multiple individuals from a single wallet. — 11.02.23
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Small Grants Results
The ENS Ecosystem Small Grants Round has recently concluded, showcasing an impressive 134.78% growth in voter engagement, with 108 distinct voters casting their ballots. This event was a standout moment for both the community and the stewards. As the Working Group deliberate on future plans, they are keen on adopting data storytelling with enhanced visual aids to recount the progress and results of this round. Noteworthy commendations go to the top five victors of this round, namely ENS Wayback Machine, 1W3, NameSpace, NYCMobile.eth, and NameSys, whose pioneering contributions earned them their rightful spots at the forefront of this challenging competition.
Following the conclusion of this round, there has been a thoughtful discourse regarding the allocation of voter cards. A new mechanism is being considered for upcoming grants rounds to refine the voting process. The potential for Sybil attacks is a concern that the community aims to mitigate, particularly with the prospect of opening up applications to a broader audience. The winners of the small grants can expect their payouts to be processed next week. — 11.02.23
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ENS DAO Archive
@estmcmxci.eth presented a product video introducing the ENS DAO Archive. This presentation showcased the Archive as a comprehensive repository, emphasizing its role in providing informative updates and preserving historical content for the ENS community. The Archive compiles bi-weekly newsletters that document the latest ENS developments, ensuring they remain accessible and searchable for future reference. The initiative reflects a commitment to maintain a detailed record of ENS DAO activities and discussions. — 11.02.23
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NameSpace Widget
@Cap introduced the Namespace widget, a new feature designed to streamline ENS subname management. This tool can be easily embedded into personal websites, broadening the avenues through which ENS names can be registered. The demonstration highlighted the widget’s potential in expanding the registration space for users, with anticipation building for its public release. This development signifies mespace’s initiative to enhance user experience and accessibility within the ENS ecosystem. — 11.02.23
Matoken.eth has issued an update on the Invalid Name Refund process. An error causing a negative refund amount was identified and corrected after a reassessment of the queries. The updated data shows changes in the number of refunds and the amounts, including six individuals who are no longer eligible for a refund and three new individuals who are. Five recipients’ refunds differ by more than 0.01 ETH. A notable correction includes an address previously showing a negative refund, which will now receive 0.04748966914 ETH. The original query failed to consider the ETHRegistrarController4 and transactions within a specific date range, affecting the results. A comprehensive list of affected addresses with old and new total refunds has been provided, with significant differences highlighted. For those interested in transaction details, the updated full dataset is available for download, and queries can be run using tools like jq to examine specific addresses. The refund address list is now revised in the Google Sheet. — 11.03.23
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Project Highlights
Fluidkey receives an Ecosystem Grant
Fluidkey is enhancing onchain privacy by allowing users to receive payments into stealth addresses linked to their ENS. They have developed an offchain resolver that generates a new private address each time it is queried, ensuring user custody of the addresses. Fluidkey’s interface consolidates these transactions, offering a familiar wallet management experience. The concept was successfully showcased at ETH Rome, where it garnered recognition from ENS and others. The team is currently preparing for a closed alpha release in Q4 of the current year and a public beta in Q1 of 2024, with considerable interest from the ENS community.In anticipation of its launch, interested users can join a waitlist on fluidkey.com for updates and early access. Additionally, Fluidkey has been granted 10,000 USDC by ENS Ecosystem stewards, who see Fluidkey’s innovation as a valuable addition to the privacy aspect of the ecosystem. — 10.23.23
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ENS Ideas receives an Ecosystem Grant
ENS Ideas has developed a fast API for resolving and reverse-resolving ENS names, addresses, and avatars, addressing the issue of slow standard queries and the high resource consumption associated with using Alchemy/Infura nodes. Leveraging Cloudflare’s edge caching, their solution boasts response times of 30-50ms with a warm cache.
The API has been documented and the code is available open source on GitHub. It’s currently being utilized by several projects, handling millions of ENS queries each month. In recognition of its contribution to the ENS ecosystem and its potential for saving resources, ENS Ecosystem stewards have awarded ENS Ideas with a 10,000 USDC grant to support their continued development. — 10.24.23
NOTICE: We value the voice of our community and are always eager to hear from you. The ENS team actively encourages feedback on all updates to better our system and enhance user experience. Please share your thoughts, suggestions, or concerns at ens.canny.io.
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📰 Newsletter Roundup (tl;dr)
ENS Labs Update: evmgateway, JPMorgan, Name Ownership Update
Community Updates: 1W3 Buildathon, onthis.xyz, Layer 3 Quest
Note: A minimum of 100k $ENS is required to submit an executable proposal. Once a proposal gains momentum, the stewards will prioritize it for a vote during the designated voting window. See our Governance Docs for more information.
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Budget Proposals:
The ENS DAO has tabled budget proposals for Q4 2023/Q1 2024:
Breakdown:
ENS Ecosystem Working Group: Requests 409,000 USDC for enhancing the ENS Ecosystem.
MetaGovernance Working Group 1: Requests 376,000 USDC, 40 ETH, and 52,300 $ENS for strengthening ENS DAO’s governance processes and infrastructure.
Public Goods Working Group: Requests 218,204 USDC and 35 ETH to support web3 public goods in line with the ENS DAO Constitution.
For a comprehensive view and detailed breakdown of each proposal, including their specific objectives and use of funds, please click here.
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ENS Labs Updates
ENS Labs Pioneers Multichain Data Retrieval with evmgateway
ENS Labs is working to improve interactions between Ethereum’s L1 and L2 chains with their evmgateway project, suggesting that it might shape future L2 resolvers. It is designed to retrieve data proofs from different EVM chains. Although promising, it’s still under development and not ready for mass use. They’ve achieved progress with Optimism, an L2 solution. These efforts by ENS Labs indicate the industry’s aim to enhance cross-chain operations. The evmgateway can be found on the ENS Labs GitHub repository. The repository reveals that it implements a generic CCIP-Read gateway. The primary purpose of this gateway is to fetch state proofs of data from other EVM chains, particularly enabling L1 contracts to retrieve and verify data from L2 contracts within a read context. — 10.16.23
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Onyx (J.P. Morgan) Explores Web3 and Digital Identity with ENS
Onyx by J.P. Morgan recently delved into the realm of Web3, emphasizing the significance of digital identity (DI); it refers to the online portrayal and recognition of any individual or organization. At present, centralized DI data presents challenges, mainly: (data) does not truly belong to the individual it signifies, paving the way for fraud and limiting self-expression. To tackle this, Onyx discussed the quartet of components that construct the Web3 DI framework: Identifiers, Identity attributes, Reputation, and Digital collectables and assets.
ENS is recognized by Onyx as a quintessential component of this framework, allowing users to have unique names tied to their blockchain addresses, reducing reliance on centralized systems. Global institutions acknowledge the essential role of DID technology, such as ENS, in promoting decentralized identity management for the Web3 era. For more on this perspective, Onyx’s comprehensive document can be accessed here; alternatively, review Namespace founder and ENS Delegate, @cap breakdown the article on X. — 10.20.23
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“AI Generates, Crypto Authenticates”: ENS Utility in Authenticating Generative AI
At SmartCon2023 held earlier this month, Balaji Srinivasan discussed the utility of ENS and IPFS in AI content authentication. The main idea is straightforward. Existing content can be mapped to a specific content-hash and then linked to an ENS name. This mechanism allows for easy verification of content’s origins—distinguishing whether it was generated by AI or a human. While the potential of Generative AI grows, ENS and IPFS will continue to offer a reliable method for authentication. Balaji’s presentation can be accessed in full here. Further details about SmartCon are available on their official website. — 10.21.23
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ENS Name Ownership Display and Management: User-Centric Updates
The ENS App received a significant update in how name ownership is displayed and managed. The revamped solutions were devised after rigorous testing in collaboration with the community. — 10.18.23
Introducing a dedicated ‘Ownership’ tab:
This new tab clarifies name ownership as the specific addresses associated with a name. This approach comes after insights gathered from user research which indicates that most users are primarily concerned with understanding who has the power to alter their names. The updated display showcases all addresses with any ownership over a name, organizing them by address rather than function.
Role management and permissions:
The new update introduces a more streamlined process for modifying permissions. The ‘Send’ functionality has been revamped to align more with its label. Now, users can transmit all editable roles to a different address and even opt to erase the profile data. This adjustment simplifies the process of bestowing names to acquaintances.
Introducing ‘Sync manager’:
The ‘Sync manager’ allows owners to easily set themselves as the Manager, which is especially beneficial when acquiring names from secondary markets. Users will also observe the incorporation of indigo helpers, a new design pattern vital to the manager app.
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ENS Channel Launches on Farcaster
ENS has inaugurated a new channel on the decentralized social network, Farcaster. Those interested in ENS can follow this channel for updates and interactions. A recent AMA session hosted by Gregskril.eth, Developer Relations at ENS, is accessible via Warpcast. Additionally, they developed a platform for easily gifting Farcaster accounts. The procedure involves a friend signing a message to receive a URL, another party visiting said URL for payment, and then the friend can use any desired client. The platform can be explored here. — 10.17.23
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Worldbuilding on Decentraland with ENS
Decentraland has introduced DCL Worlds accessibility for ENS domains. Beyond Genesis City, these personal 3D spaces can be accessed using either a Decentraland NAME or an ENS domain. Those with an ENS domain can obtain a Decentraland World with a fixed scene file size limit of 25 Mb. Designed for newcomers, these Worlds act as an entry point into the Decentraland ecosystem. During deployment from the Builder, users can opt for a Decentraland NAME or an ENS Domain from their wallet. Once a scene is uploaded, it can be accessed through the Decentraland Explorer using the specified NAME. In essence, ENS domains provide an alternative method to access, acquire, and manage Decentraland Worlds. Start worldbuilding today. — 10.11.23
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ENS to discuss CCIP-read at Ethereum Block Summit
The Ethereum Block Summit has announced a new addition to its roster of speakers - @mdt. Among the topics of focus this year is the unveiling of EIP-3668: Cross Chain Interoperability Protocol (CCIP). This groundbreaking standard has been meticulously developed by ENS founder, Nick Johnson. One of the core features of this protocol, CCIP-Read, promises to significantly enhance the capabilities of smart contracts. It is particularly designed to empower offchain and Layer 2 data, ensuring that smart contracts can seamlessly tap into these critical data streams. Learn more about the summit here. — 10.11.23
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Integrating ENS: Enhanced User Experiences in Mailchain and Coinbase Wallet
In recent ecosystem developments, service providers are increasingly leveraging the capabilities of ENS to enhance user experience. Mailchain, a prominent web3 email service provider, has taken a significant step forward by integrating ENS. Users of the Mailchain platform will now see ENS names prominently displayed in both the ‘to’ and ‘from’ sections within their app, streamlining the email experience by associating Ethereum addresses with easily recognizable names. In parallel, Coinbase Wallet has made advancements in its cross-messaging transaction protocol (XMTP) functionality. With their recent update, users can now utilize ENS names to seamlessly send and receive funds directly through direct messages, completing transactions in mere seconds. This not only simplifies the transaction process but also elevates the role of human-readable addresses in daily crypto interactions. — 10.18.23
Hidayath.eth, founder of 1W3, has announced their inaugural Buildathon. This event invites the ENS community to design and produce decentralized websites tailored to their distinct ENS names. It’s an exciting chance for developers, designers, and enthusiasts to both display their talents and contribute to the evolution of the decentralized web. To support Buildathon participants, an exhaustive builder documentation is now available. It’s a guide for both experienced developers and newcomers aiming to familiarize themselves with 1W3. For those interested in the Buildathon, full details are accessible on X. 1 2 Additionally, creators can now incorporate decentralized forms on ENS sites using DeForm and 1W3. This feature enables the addition of functionalities like allowlists, registration forms, and even NFT rewards. — 10.10.23
Note: the submission deadline is October 31
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DIDhub’s Decentralized Link Tree Guide
DIDhub has introduced an insightful guide on how to build a decentralized link tree using the combined powers of 1W3 and ENS. This method offers a decentralized and user-friendly hub of personalized links. — 10.11.23
3numdao is introducing a web3-based mobile number system. They aim to modernize phone numbers by integrating them with the decentralized web, changing how we view and use mobile numbers. They’re using ENS names instead of traditional numbers for caller IDs, promoting privacy, security, and reduced spam. Those interested can learn more about the innovation on ENS Radio and sign-up for their beta here. — 10.18.23
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3DNS Announces Upcoming ENS Integration
3DNS is set to integrate with ENS in the coming weeks. Within an estimated eight-week timeframe, users of 3DNS will have the capability to effortlessly connect their ICANN compliant NFT domains with the functionalities provided by ENS, including the ability to send and receive cryptocurrency. As the decentralized web progresses, 3DNS is establishing itself as a central player. Learn more here. — 10.16.23
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OnThis.xyz: Focus on Improved UX with ENS Shortcuts
OnThis.xyz is pioneering ENS Shortcuts, aiming to improve the user experience. Recognized with three awards at ETHGlobal for their innovative approach, OnThis.xyz addresses Web3 UX challenges by simplifying complex DeFi interactions. Instead of multiple steps to transact, ENS Shortcuts allow users to execute actions such as swaps, staking, or bridging with just a single domain reference, like sending ETH to specific ENS domain names. This not only minimizes the risks like phishing but also makes operations quicker and more intuitive. For those intrigued, OnThis.XYZ offers a comprehensive look into these shortcuts and even provides a platform for users to create their own. — 10.19.23
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EthSign: Harnessing ENS for Enhanced Contract Signing
EthSign is using ENS to enhance digital contract signing. EthSign lets users have easy-to-read addresses on Ethereum:
Users can use ENS names as contract recipients. The system finds the related Ethereum wallet address automatically.
Contracts signed on EthSign will show the user’s ENS name, building trust.
EthSign aims to be the top platform for contract signing and is adding more features. You can try it out here. — 10.20.23
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Empowering Onchain Identity Education through Layer3 Quests
Recently, Layer3 unveiled an educational initiative aimed at empowering learners to explore the realm of web3 identity through ENS. Through a series of quests, learners can foster a deeper understanding and practical knowledge of their web3 identity, earning NFTs and experience along the way. Through this initiative, learners are encouraged to delve into the practical aspects of onchain identity, enriching their understanding and promoting a lively, curious community ready to engage with the crypto universe. Start your learner’s quest now. — 10.21.23
0xflick introduced .frenzens.eth domain; it allows for the resolution of any Friendtech address using associated X handles and ENS subnames. For instance, to fetch any Friendtech address, one could utilize the ENS: 0xflick.frenzens.eth, as long as a valid X handle is registered on Friendtech. The mechanism behind this functionality involves a blend of CCIP offchain reads and a tailored ENS resolver. When a query for frenzens.eth is initiated, an onchain lookup is triggered, which then reverts with a pointer to a REST endpoint. Subsequently, this endpoint engages with the Friendtech API to retrieve the address and avatar, responding with a signed payload. ENS clients proceed to authenticate this payload onchain, ensuring its validity and origin from a reputable source before returning the resultant data. This system facilitates transparent offchain lookups for ENS sub-domains, bridging a significant functional enhancement to the existing infrastructure. Read about it here. — 10.20.23
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Working Group Bulletin
Q3/Q4 Lead Working Group Stewards + Secretary Appointment
During last week’s Meta-Gov meeting, there were important updates regarding the general operations of the DAO. Specifically, the movement of funds related to [EP4.3] was discussed, with the execution of these funds currently in progress. It was anticipated that refunds for invalid names would be processed in the coming week.
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Budget Requests
The meeting also addressed budget requests from the three working groups. The purpose of these budget requests is to secure funding for a period of six months.
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Endowment Discussion
Lastly, there was a specific discussion led by @Karpatkey and @Steakhouse regarding the ENS Endowment. Karpatkey has been actively working towards increasing the rETH position while reducing the stETH position within the Endowment. This strategic move is significant in managing the DAO’s assets effectively.
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Endowment Report
The September Endowment report is now available on Karpatkey’s website, although there was a minor delay in publication due to a technical issue. The report provides a detailed overview of the endowment’s finances and allocations. A high level overview is made available below for reader-convenience:
1. Balance Overview:
Total funds in the endowment: $28,343,866
Capital utilization: 99.9%
Farming results: $99,344
Annual Percentage Yield (APY): 4.30%
2. Total Funds by Token Category:
54.14% in Ether
45.76% in Stablecoins
0.10% in Others
3. Treasury Variation:
The treasury balance increased from $27.97 million to $28.40 million during the reporting period.
4. Farming Funds and Results:
The largest portion of farming funds was allocated to Lido (37.96%)
Followed by Maker (26.35%)
CompoundV3 (19.46%)
Aura (10.63%)
Rocket (5.60%)
The endowment’s report provides a comprehensive view of its financial status and investments in various tokens and farming protocols. — 10.18.23
Note: Information available on the newsletter may not accurately reflect Karpatkey’s treasury report; please visit their site for the most accurate and up-to-date status on the Endowment.
The Public Goods Large Grants initiative for Q4 2023, led by the Public Goods working group, will offer up to 50k USDC to eligible Ethereum or Web3 public goods projects. This round aims to facilitate significant funding for foundational public goods in these ecosystems. A total of 100k USDC is available, with applicants requesting between 12k and 50k USDC. There’s a rolling deadline for submissions: October 31st and November 30th, with reviews by November 8th and December 5th respectively. The grants target projects categorized under Infrastructure, Tools, or Education. Read the full announcement here. — 10.18.23
Note: The ENS Ecosystem Working Group offers rolling grants, and applicants can apply anytime. The evaluation process takes around four weeks, and unsuccessful applicants are welcome to reapply in the future.
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Updates on Gasless DNSSEC Implementations
In recent developments within the DNSSEC sphere, there’s been significant excitement surrounding gasless implementations. On October 13th, in a response to an inquiry made by @clowstab, gregskril.eth confirmed that the DNSSEC Oracle Gateway is indeed open source. Previously, DNSSEC, which ensures users access the correct websites, required computational resources that resulted in gas fees. This new gateway reduces those costs and it’s open source. The advancement promises enhanced security and more affordable internet domain resolutions for everyone. For those interested in diving deep into its source code or contributing to its development, the DNSSEC Oracle Gateway can be accessed at its GitHub repository. — 10.13.23
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Project Highlights
1. Fluidkey | Antonio Seveso: Fluidkey is the winner of the overall ENS prize at ETH Rome. It allows users to generate an infinite number of stealth addresses when resolving ENS names. Addresses are controlled by the same key pair and appear together in FluidKeys UI. The project is in Alpha; sign up for updates on fluidkey.com.
2. 1W3 | @hidayath.eth: Announced their 1W3 Buildathon, submissions are accepted here. They also notified the community that Deform is now supported by 1W3.
3. Namehash Labs | @lightwalker.eth: Namehash Labs is an innovation network working on open source ENS-focused infrastructure and public goods. They’ve announced two projects:
Nameguard: Identifies impersonation attempts using ENS names. Features include ENS health checks, Smart Auto-Renewal, and ENS Profile Completion Score. Participating in ENS’s Small Grants round.
NameKit: Aims to reduce the cost and complexity of implementing ENS on wallets and dApps. It has four distinct ENS journeys: Find your ENS identity, Design your ENS identity, Interact with others, Manage your ENS identity. Will be open source and released by the end of 2023.
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ENS Ecosystem Fellowship
Premm.eth has been selected as the ENS Ecosystem Fellow for Term 4 in 2023, in recognition of their substantial contributions to the ENS (Ethereum Name Service) ecosystem since 2021.
Contributions:
Research and Bug Discovery: Premm discovered critical bugs in the NameWrapper smart contract and the DM3 Gateway code, preventing potential exploits.
Project Development: They played a key role in creating “Unruggable Names” on L1 and L2, making it accessible to a broader audience.
Community Support: Premm actively supported the ENS Ecosystem community at various Ethereum events.
Prize:
For their outstanding contributions, Premm.eth has been awarded a prize of USDC, to be distributed through a stream over the course of 6 months. This recognition and financial support from the Ecosystem Working Group Stewards further underscore their commitment to improving and safeguarding the ENS ecosystem, benefiting the community as a whole. Congratulations to Premm.eth for their achievements and dedication to building a stronger ENS ecosystem.