ENS Labs Asks DAO to Activate ENSv2, Pause New .eth Sign-Ups on v1

The proposal is notable less for the migration itself than for the sequencing: ENS Labs is asking the DAO to accept a brief halt to new registrations, the protocol's most visible growth metric, in exchange for a clean cutover. That trade-off affects prospective registrants rather than existing holders, who are explicitly insulated, so the near-term cost falls on the funnel rather than the installed base. Whether the pause stays within the expected few-hour window, and whether registration momentum resumes on ENSv2, is the open question.