ENS DAO Proposes On-Chain Vote to Activate ENSv2 on Ethereum Mainnet

iconTechFlow
Share
AI summary iconSummary
Ethereum news: The ENS DAO has launched an on-chain vote to activate ENSv2 on the Ethereum mainnet. The proposal includes 15 function calls and will be executed by the DAO-controlled execution contract. If approved, new v1 domain registrations will be frozen, though existing domains can still be renewed. ENSv2 enables owners to manage subdomains and grant resolution rights without transferring ownership. ENS Labs will sync eligible domains, open v2 registrations and migrations, and transfer management rights to the ENS DAO.

According to a Snapshot post, ENS is currently voting on an on-chain proposal to activate ENSv2 on the Ethereum mainnet through a single transaction containing 15 calls. The proposal, to be executed once by an execution contract controlled by the ENS DAO, will freeze new registrations on v1 if passed, while allowing existing domains to continue renewing. After the upgrade, ENSv2 will enable owners to customize subdomain registries and grant resolution permissions independently without transferring domain ownership. Additionally, ENS Labs will synchronize eligible domains, open v2 registrations and migrations, and transfer remaining governance rights to the ENS DAO.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.