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Ethereum Name Service Community Approves eth.link Settlement
Industry Information
28 Feb 2024 01:16:42 PM
Abstract:
ENS plans to pay auction bidders $300,000 to settle the dispute. 88 per cent of the vote approved a payment of $300,000 to ManifoldFinance, which won eth.link in the auction. 62 per cent also authorised a settlement for an amount less
ENS plans to pay auction bidders $300,000 to resolve the dispute.
Short numeric .eth domains are hot right now.
The results are in, with the Ethernet Name Service (ENS) DAO overwhelmingly authorising ENS Labs to resolve the dispute over eth.link.
88 per cent of the vote approved the payment of $300,000 to ManifoldFinance, which won eth.link in an auction.
62% also authorised a settlement for less than that amount. (I think the idea was that a lower amount would be considered if the community did not approve the full $300,000.)
84% approved reimbursing ENS Labs for the costs of the lawsuit, which totals about $750,000.
Only 11% voted to continue the lawsuit.
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