[5.22] [EXECUTABLE PROPOSAL] ENSv2 Development Funding #343
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gskril
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Dec 12, 2024
5ajaki
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Dec 15, 2024
* Patch L2 Reverse Name Link (ensdomains#355) * Misc. fixes and improvements to "Resolvers" section (ensdomains#357) * Typo corrections (ensdomains#345) * Add clarity about resolution starting from L1 (ensdomains#360) * fix: incorrect resolver address on EthRegistryDemo (ensdomains#368) Co-authored-by: Greg <[email protected]> * fix: min_commitment_age language (ensdomains#367) * Bump cross-spawn from 7.0.3 to 7.0.6 in /app (ensdomains#366) Signed-off-by: dependabot[bot] <[email protected]> Co-authored-by: dependabot[bot] <49699333+dependabot[bot]@users.noreply.github.com> * Update connect modal (ensdomains#340) * Create EP 5.27 (ensdomains#373) * Fix DAO stewards' avatars (ensdomains#363) * Add EP 5.22 (ensdomains#343) Co-authored-by: Greg Skriloff <[email protected]> * Bump nanoid from 3.3.7 to 3.3.8 in /app (ensdomains#374) Signed-off-by: dependabot[bot] <[email protected]> Co-authored-by: dependabot[bot] <49699333+dependabot[bot]@users.noreply.github.com> * Bump secp256k1 from 5.0.0 to 5.0.1 in /app (ensdomains#335) Signed-off-by: dependabot[bot] <[email protected]> Co-authored-by: dependabot[bot] <49699333+dependabot[bot]@users.noreply.github.com> * Add EP 5.25 (ensdomains#358) Co-authored-by: Greg Skriloff <[email protected]> * Add EP 5.26 (ensdomains#359) Co-authored-by: Greg Skriloff <[email protected]> * Add EP 5.23 (ensdomains#376) --------- Signed-off-by: dependabot[bot] <[email protected]> Co-authored-by: Luc van Kampen <[email protected]> Co-authored-by: r4bbit <[email protected]> Co-authored-by: Dmitry <[email protected]> Co-authored-by: Greg <[email protected]> Co-authored-by: CHANCE <[email protected]> Co-authored-by: dependabot[bot] <49699333+dependabot[bot]@users.noreply.github.com> Co-authored-by: Nick Johnson <[email protected]> Co-authored-by: Agora Governance Bot <[email protected]>
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Summary
This executable proposal seeks to implement the revised budget stream to ENS Labs develop, maintain and audit ENSv2. The motivation, justification, budget breakdown, and development plan was previously detailed in a Temp Check request.
Background
With over 3 million .eth names and 20 million more ENS names registered by the likes of Coinbase, Uniswap, and Linea – ENS has become the standard for web3 identity. As Ethereum's roadmap evolves towards being rollup-centric, it's essential for ENS to adapt in parallel, ensuring it meets the needs of both the Ethereum ecosystem and its users.
To continue scaling and evolving ENS, ENS Labs is requesting an increase in its annual budget from $4.2M USDC to $9.7M USDC, and a one-time grant for future security audits of ENSv2. This revised funding is necessary for ENS Labs to develop, maintain, and audit ENSv2, a major upgrade that will enhance decentralization, flexibility, and scalability by leveraging Layer 2 solutions and redesigning the ENS protocol from the ground up.
Links
Specification
This executable proposal will initiate a new daily stream of 15,075.33 USDC from the ENS DAO treasury to ENS Labs, starting on January 1, 2025. This will run in addition to the existing streaming contract of 11,500 USDC/day at 0xB1377e4f32e6746444970823D5506F98f5A04201, for a total of 26,575.34 USDC/day ($9.7M USDC/year).