Over the next six months, the ENS Ecosystem Working Group will utilize the Drips Network to offer financial support to key open-source projects and their creators. A total of $50,000 USDC will be allocated to seven core projects, including Wagmi, ethers.js, graphql-request, OpenZeppelin contracts, noble hashes, scure-base, and dns-packet. This initiative by ENS DAO aims to recognize and reward the essential OSS initiatives that are vital for the proper functioning of their systems.
ENS Leads the Way in Sustaining Public Infrastructure with Drips
The Drips Network enables continuous and transparent funding to ensure ongoing support for software dependencies. ENS not only supports primary software dependencies through Drips but also secondary dependencies that enable the functioning of these primary ones.
According to Eleftherios Diakomichalis, the founder of Drips, ENS is setting a new standard by continuously funding the critical public infrastructure on which it relies. Diakomichalis describes the method as simple and transparent, providing the necessary resources. This approach signifies the future of funding public goods, according to him.
ENS DAO Acknowledges Foundational Projects with Drips
As per Slobo.eth, an ENS ecosystem steward, Drips offers a valuable opportunity to support open-source developers contributing to the ENS Ecosystem. This demonstrates ENS DAO’s recognition of projects that serve as the foundation for its operations.
Drips Network not only supports direct software dependencies but also extends its reach to financing secondary dependencies, showcasing sustainable transparency in funding. Through this model, other enterprises seeking decentralized funding mechanisms can learn from ENS’s success in nurturing their digital infrastructure.
ENS Establishes a Benchmark by Providing Ongoing Support to Open-Source Developers
The initiative emphasizes the importance of continuous and reliable funding for open-source projects, ensuring their maintenance and development. Inconsistency in funding can hinder the progress of open-source projects due to financial challenges.
ENS’s commitment to continuous support sets a precedent for other organizations aiming to sustain and enhance their digital infrastructure. This approach guarantees that essential software projects and their developers receive the necessary resources, fostering a healthier and more resilient open-source ecosystem.
Tags: USDC