The ENS Ecosystem Working Group has announced a new initiative to provide financial support for key open-source projects and their creators through the Drips Network for the next six months. 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 program is part of ENS DAO’s efforts to recognize and reward essential OSS initiatives that are vital for the proper functioning of their systems.
ENS Embraces Continuous Funding for Public Infrastructure via Drips
Continuous and transparent funding is made possible by the Drips Network, ensuring ongoing financial assistance for critical software dependencies. ENS not only supports primary software dependencies through Drips but also acknowledges the significance of secondary dependencies that enable this support system to function effectively.
Eleftherios Diakomichalis, the mind behind Drips, believes that ENS is setting a new standard by continuously funding essential public infrastructure that serves as the backbone for their operations. This straightforward and efficient approach is a model for how future public goods could be financed, according to Diakomichalis.
ENS DAO Demonstrates Gratitude for Foundational Projects with Drips
As per Slobo.eth, an ENS ecosystem steward, Drips offers a fantastic opportunity to support open-source developers contributing to the ENS Ecosystem. This initiative reflects ENS DAO’s appreciation for projects that form the foundation of their system.
Drips Network goes beyond supporting direct software dependencies and extends its reach to financing secondary dependencies, promoting sustainable transparency in funding allocation. By adopting decentralized funding mechanisms, other businesses can learn from ENS’s success in nurturing their digital infrastructure.
ENS Sets the Bar with Ongoing Support for Open-Source Developers
Consistent and reliable funding for open-source projects is crucial, as highlighted by this new initiative. Without adequate financial support, software tools may not be maintained or developed, posing a challenge due to inconsistent income sources for open-source projects.
ENS’s commitment to continuous funding establishes a benchmark for other organizations, aiming to sustain and improve their digital infrastructure. This unwavering support ensures that essential software projects and their developers have the necessary resources, fostering a healthier and more robust open-source ecosystem.
Tags: USDC