Domain names provided by The Ethereum Name Service (ENS) improve the user experience of blockchains in a similar way to how domain names provided by the Domain Name Service (DNS) improved the user experience of the Internet.
The project started more than three years ago and has recently gained significant attention after airdropping its native ENS token and moving to a decentralized governance model.
Importantly, ENS is not designed to replace DNS and works across various blockchains. Both of these features make it stronger than similar solutions.
Overall, as the number of people who use blockchain technology grows, it is expected that ENS will become more and more important as a key connection between the existing internet and various crypto projects. Thus, it received a grade of B-.
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Convex’s business model is built on Curve, a DeFi blue chip that continues to be one of the market leaders. It repackages Curve’s governance into a liquidity bootstrapping product that is already being used by projects like Abracadabra and Alchemix, and there is potential for more projects using it down the line. Ergo, Convex is one of the few examples of business-to-business models in crypto.Read full report
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