Supporting Open Source Projects for a Stronger ENS Ecosystem
The ENS Ecosystem Working Group has initiated a crucial step to enhance open-source projects essential to its operations by committing $50,000 in USDC over the next six months. This funding will be distributed through the Drips platform to seven significant projects, as detailed in the ENS blog.
Strategic Funding through Drips
Drips, a platform renowned for enabling transparent and continuous funding, empowers organizations like ENS to provide vital financial support to their software dependencies. The seven projects benefiting from this initiative include:
- Wagmi
- ethers.js
- graphql-request
- openzeppelin-contracts
- noble-hashes
- scure-base
- dns-packet
With this move, ENS underscores its commitment to strengthening the open-source projects that form the backbone of its infrastructure.
Cascading Impact of Drips Funding
The influence of this funding goes beyond the initial recipients, thanks to Drips’ mechanism, which ensures funds reach secondary dependencies as well, creating a broader positive effect. For instance:
- 40% of the funds allocated to Wagmi are automatically shared with its dependencies.
- ethers.js directs a portion of its funds to six of its own dependencies.
- openzeppelin-contracts supports nine other projects.
This cascading effect means that the initial $50,000 USDC will positively impact at least 40 projects that are two degrees away from ENS.
Endorsements from Key Figures
Drips’ founder, Eleftherios Diakomichalis, commended ENS for establishing a new standard in funding public infrastructure. He emphasized that ENS is at the forefront of creating a new cultural norm where on-chain organizations continuously fund vital public infrastructure they rely on. Slobo.eth, an ENS ecosystem steward, also lauded the significance of Drips as a means to support crucial open-source developers in the ENS ecosystem.
Fostering a Sustainable Open Source Ecosystem
This initiative exemplifies the potential of Drips in ensuring that funds not only support core dependencies but also reach the fundamental building blocks required for effective functioning. Such an approach contributes to fostering a healthier and more sustainable open-source ecosystem, benefiting all involved parties.
Image source: Shutterstock
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