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Crypto DeFi

ENSv2 Activation Proposal Would Halt New ENSv1 Registrations

A new ENSv2 activation proposal would stop new ENSv1 registrations, while existing .eth holders would face no migration deadline. Under the plan, ENS Labs would hand its remaining ENSv2 admin roles to the DAO. The proposal marks a step toward moving the Ethereum Name Service’s core registration system to its next version.

Original source

AI take

The notable part is the asymmetry: new supply on the old system closes while existing holders keep their positions without a forced clock. That lowers the risk of a disruptive migration but also leaves adoption split across two versions, which matters for registrars, integrators and anyone pricing .eth names. Handing admin roles to the DAO shifts governance weight from ENS Labs to token holders, so the open question is whether the DAO can execute the transition and how long the two versions coexist.

Generated by AI for reference only.

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