Over the next six months, the ENS Ecosystem Working Group will use the Drips Network to provide financial support to important open source projects and their creators. The plan is to stream $50,000 USDC to seven core projects during this period, including Wagmi, ethers.js, graphql-request, OpenZeppelin contracts, noble hashes, scure-base and dns-packet. This program represents an effort by ENS DAO to reward those OSS initiatives without which their own systems would not function properly.
ENS Pioneers continuous funding for public infrastructure with drops
Continuous and transparent financing is made possible by the Drips Network, which provides financial support for software dependencies. ENS supports direct software dependencies via Drips and all those other second-order dependencies that make this possible.
According to Eleftherios Diakomichalis, the creator of Drips, it is an example of ENS pioneering a new cultural norm where organizations in the chain continuously fund the essential public infrastructure they rely on. The method is simple and straightforward, Diakomichalis said. It gives what is needed. This approach reflects how he believes future public goods will be financed.
ENS DAO shows appreciation for fundamental projects with drops
According to Slobo.eth, who is the maintainer of the ENS ecosystem, Drips provides an incredible opportunity to support open source developers contributing to the ENS ecosystem. Slobo.eth noted that this shows the ENS DAO’s appreciation for projects that serve as the basis for its system.
The Drips network not only supports direct software dependencies, but also has a greater reach by funding secondary dependencies. This method of providing money testifies to sustainable transparency. What happens in such a case is that other enterprises, as they look at decentralized financing mechanisms, can learn from what ENS has achieved in terms of powering their digital infrastructure.
ENS sets the standard with continuous support for open source developers
It is important to provide consistent and reliable funding for open source projects, as highlighted by this initiative. Software tools are not maintained or developed when open source projects lack funding due to the fact that they have an inconsistent revenue source that creates this challenge.
ENS’s financing approach sets a standard for other organizations. It aims to maintain and improve their digital infrastructure. This method of continuous support ensures that critical software projects and their developers get the resources they need. As a result, it will foster a healthier and more robust open source ecosystem.
