Should we stop burning MANA when a NAME is minted?
by 0xd11a019a70986bd607cbc1c1f9ae221c78581f49 (Yemel)
What are NAMEs? Decentraland NAMEs are a key piece of our identity system. They represent our avatar name in-game and along the dapp ecosystem.
How do they work? NAMEs are implemented as subdomains of dcl.eth, thanks to ENS protocol. Any wallet can spend 100 MANA to mint a unique NAME. That fee is being burned at the moment.
What is the issue with burning? Burning MANA coming from fees is a strategy to support the MANA price. However, redirecting the fees to the DAO to later re-invest them in projects that will eventually generate more income is a better strategy. This is how fees work at the marketplace with LAND sales and Wearables primary sales.
Should we stop burning MANA when a NAME is minted?
- Stop burning and send the fee to the DAO
- Keep burning MANA
- Stop burning and send the fee to the DAO
- Keep burning MANA
- Invalid question/options
Off-Chain Vote
Stop burning and send the fee to the DAO
10.27M VP81.4%
Keep burning MANA
2.35M VP18.6%
Invalid question/options
0 VP0%
Timeline
Nov 28, 2022Proposal created
Nov 28, 2022Proposal vote started
Dec 03, 2022Proposal vote ended
Oct 26, 2023Proposal updated