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Chainlink Japan x ENS (history of ENS auctions)

Chainlink Japan x ENS (history of ENS auctions)

Makoto Inoue

December 09, 2020
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  1. Agenda - 1. What is ENS? - 2. History of

    ENS Auctions - 3. ENS & Price Oracle
  2. ENS Initial Auction (2017 May 4th) • Sealed bids over

    7 days • Winning bid is locked • Vickrey auction (the winner pays the second-highest price, not the price they themselves bid)
  3. • ethfinex.eth = E 201k ($20~40M) • sportsbet.eth = E

    188k • consensys.eth = E 184k Highest bid
  4. • darkmarket.eth = E20k ($2~4M) • openmarket.eth = E10k •

    exchange.eth = E6k • ethfinex.eth = E 201k ($20~40M) • sportsbet.eth = E 188k • consensys.eth = E 184k Highest bid Highest won
  5. ENS Registration (2019 5 ~) - Request to register -

    Wait for a minute - Complete Registration
  6. ENS Registration (2019 5 ~) - Request to register -

    Wait for a minute - Complete Registration inside!
  7. • 3 - 6 chars • Outsourced to OpenSea •

    ENS is now NFT 2. ENS Short name Auction (2019 Sep - Nov)
  8. • 50,355 bids • 7670 names • Highest bid ◦

    Amazon.eth 100 ETH ◦ Wallet.eth 75 ETH ◦ Google.eth 52.9 ETH ENS short name auction result
  9. 3. Price premium (2020/8~) - 90 days grace period -

    Starts from 2k Premium - Decrease to 0 over 28 days - (aka Dutch Auction) - To prevent squatting
  10. - 44 registrations on day 1 - Highest gas =

    2020 gwei - 1967 registrations in day 28 3. Result
  11. ENS Architecture (Co) EthRegistrar RegistrarController StablePriceOracle renew(name, duration) price(name, duration)

    ChainlinkOracle latestAnswer() ethPrice amount / ethPrice basePrice + premium
  12. For more info - docs.ens.domains - Discord - https://github.com/ens -

    app.ens.domains/name/ens.eth/subdomains - @makoto_inoue