Temporary Premium | ENS Support (2024)

90 days after an ENS name has expired, when it exits the Grace Period it will go into a Temporary Premium Auction.

This is a public auction where anyone can buy the name with a Temporary Premium Fee attached to it that lasts for 21 days.

Temporary Premium Fee

The Temporary Premium Fee starts at $100 million and declines exponentially to $0 over the course of the 21 days.

Why would anyone pay $100m for an ENS name?

The starting price of the Temporary Premium Fee was never intended to be one that anyone actually pays for a name. It was chosen to intentionally be out of reach so that names couldn't be instantly bought.

Why have a Temporary Premium Auction in the first place?

The Temporary Premium Auction is an attempt at solving a problem we've had with ENS names. Where bots or traders would instantly snipe any expiring name.

The bots and traders would sometimes pay thousands of dollars in gas fees alone and up to $10k for the name itself just to make sure they got the name first. This caused a situation where users who didn't use bots were never even to able see or interact with the website before the name had been bought.

Having a start price for the Temporary Premium Auction that's far higher than what anyone would be willing to pay ensures that this doesn't happen again.

What happens if no one buys the name?

If no one buys the name during the 21 days the temporary premium auction is active, the temporary premium fee will become $0 and the name will become available at normal registation fees again.

View the related governance proposal:

Related Articles

Fees

General

Sell or rent subnames

What is the grace period?

Name lifecycle

Temporary Premium | ENS Support (2024)

FAQs

What is temporary premium in ens? ›

90 days after an ENS name has expired, when it exits the Grace Period it will go into a Temporary Premium Auction . This is a public auction where anyone can buy the name with a Temporary Premium Fee attached to it that lasts for 21 days.

What is the grace period for ENS premium? ›

Luckily the expiration process has a 90 day grace period. This means that once the name expires the original owner has 90 days to renew the name before it is released. After the grace period, the name is released for registration by anyone with a temporary premium which decreases over a 21 days period.

How much does it cost to register an ens? ›

The ETH Registrar has special pricing for 3, 4, and 5 (and more) letter names. At the time of writing, a 5+ letter . eth will cost you 5 USD per year. A 4 letter 160 USD per year, and a 3 letter 640 USD per year.

Why is ENS so expensive? ›

The primary purpose of registration fees is as an incentive mechanism to prevent the namespace from becoming overwhelmed with speculatively registered names. A secondary purpose is to provide enough revenue to the DAO to fund the ongoing development of ENS.

Why are people buying ENS? ›

Why buy Ethereum Name Service (ENS) Consider buying in Ethereum Name Service (ENS) as blockchain domains are expected to play a crucial role in the development of Web3. These domains empower you to link your digital identity to a website, wallet, or social profile.

What happens after ENS expires? ›

Your domain will continue to resolve with no change for 5 days after expiration. After 5 days, your zone file becomes read-only and can't be edited, and we park your domain. The link to your ENS-compatible crypto wallet will, in most cases, be unchanged until 26 days after expiration.

Is ENS an ERC 20 token? ›

ENS is an ERC-20 utility token associated with the Ethereum Name Service, a decentralized naming system built on the Ethereum network. The ENS token was issued via an airdrop to all ENS domain holders, ENS contributors, and the ENS DAO community treasury.

How do I extend my ENS registration? ›

Go to the ENS Manager App and connect with your wallet. Search for the name you would like to renew and click on it to view its profile page. Click the Extend button. It is possible to renew a name that the connected wallet does not own or manage.

What is the highest paid ENS domain? ›

“business. crypto” is the most expensive crypto domain by Unstoppable Domains, after it was sold for $0.12 million in 2022. Even so, the most expensive ENS domain “paradigm. eth” cost 12.5 times more than the most expensive Unstoppable Domains “business.

Is ENS worth investing in? ›

Our most recent Ethereum Name Service price forecast indicates that its value will increase by 12.41% and reach $23.73 by June 11, 2024. Our technical indicators signal about the Bearish Bullish 47% market sentiment on Ethereum Name Service, while the Fear & Greed Index is displaying a score of 75 (Greed).

Do I have to pay for my domain every year? ›

Most domains are renewed yearly for the same amount you paid for your website domain name originally. This fee is charged so you can keep usage rights of that domain name. Your domain name seller can tell you the price of your renewal upfront.

Can you create your own ENS? ›

Now it's time to Register your ENS name. Click the register button and confirm the transaction in your wallet. Congratulations! If all transactions went through successfully you should now be the proud owner of your very own ENS name!

What is the top level domain of ENS? ›

Alongside the . eth Top Level Domain, the ENS Protocol also supports most of your favourite DNS Top Level Domains (such as .com , . cash or . domains ).

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