Should we denominate the fee to mint a NAME in USD?
by 0xd11a019a70986bd607cbc1c1f9ae221c78581f49 (Yemel)
What are NAMEs? Decentralized NAMES are a key piece of our identity system. They represent our avatar name in the game and in the dapp ecosystem.
How do they work? NAMES are implemented as subdomains of dcl.eth, thanks to the ENS protocol. Any wallet can spend 100 MANA to mint a unique NAME. The address receives the NAME and with it 100 Voting Power (VP).
What is the problem with setting rates in MANA? Using MANA as a medium of exchange is a great way to support our internal economy. However, using it as a pricing measure is not a good idea due to its price fluctuations.
An alternative is to set the fee in USD and make it payable in MANA using the current exchange rate. A similar strategy has already been implemented for wearable publication fees, defined in USD but payable in MANA.
Should we denominate the fee to mint a NAME in USD?
- Yes, the price must be stable.
- No, keep it at 100 MANA.
- Yes, the price must be set in USD.
- No, keep it at 100 MANA.
- Invalid question/options
Off-Chain Vote
Yes, the price must be set in USD.
5.17M VP57.4%
No, keep it at 100 MANA.
3.83M VP42.6%
Invalid question/options
279.4 VP0%
Timeline
Nov 28, 2022Proposal created
Nov 28, 2022Proposal vote started
Dec 03, 2022Proposal vote ended
Oct 26, 2023Proposal updated