Weekly Roundup

Monday2Monday statistics

An impressive week for domains on the secondary market. Domains trade.

Another round of cAirdrop

Collection bidders have received a slice of the cake for their contribution again. We’re seeing more and more quality bids arise on SNS categories and subsequently making domains more liquid.

After careful consideration, 1-2 character domains (except emojis) have been removed from the cAirdrop list. These categories prevail to be particularly sticky and owners are not yet ready to sell these. As a result, we’re seeing users place bids on these categories but essentially providing dead liquidity.

We’re continuing to learn the best approaches for this campaign, bear with us while we finesse the process.

A wolf for a domain

A breakthrough for our Bonfida wolve holders! This week we announced a new utility for the NFT allowing one to burn one in exchange for a .sol domain name. This automatically valued your NFT at 30 times the price at launch.

Since then we have seen the Bonfida Wolf NFT triple in floor price and a decent amount of domains registered.

Learn more about this here.

The final, final auction restart

A gentle nudge to our auction opportunists. The final initial auction restart commenced on Monday 31 July. Back in the day, we adopted an auction system to obtain a domain name in an effort to ensure their fair distribution. These initial auctions required the winner themselves to claim the domain. Many of these are still unclaimed and have been for more than a year now and hence they were restarted.

If this auction restart results in no one bidding on a domain again, they will at last return to the registry. This means the domain will become available for anyone to register again.

500K Anti-squatting fund

Over the last few weeks, we aimed to make our stance on domain name squatting clear.

"Domain squatting is the practice of registering, buying and/or using domain names with the intent of victimizing, profiting or impersonating other people’s trademarks, projects or well-known identities. Furthermore, the squatter holds on to the domain, exploiting the victim to purchase the domain at a ridiculously inflated price. Some pay this, in fear that damage may be imposed on their reputation or their community. Inadvertently affecting the adoption of your favorite TLD if the squatter does not want to sell it to the “deserving” users. Never mind the other counterparties that may have lost funds or been fooled in the meantime.” -  Anti-squatting blog

In an ode to consistently improve the Solana Name Service ecosystem, Bonfida has allocated more than 500K USD to help buy back squatted domains.

For complete transparency, the vault can be tracked here for the amount and transactions. The entirety of the funds in this vault will be dedicated to this purpose.

Find out how the funds will be used: https://bonfida.org/blog/anti-squatting-fund

Bonfida bug bounty on Immunefi

At Bonfida we are dedicated to ensuring that our products are safe and secure. However, we are not naive to the fact that certain vulnerabilities are always able to creep into smart contracts.

As such we've partnered with the leading bug bounty platform, Immunefi, to generously reward users that may find weak spots in our code. Amongst these bounties, you can earn up to 100K USD for critical bugs.

Let's secure the space together and start debugging: https://immunefi.com/bounty/bonfida

Please be sure to inform yourself of the scope of bugs.

Coming soon

Hyperspace x Solana Name Service

Leaving you with a little teaser. Coming soon!