Abstract
AllDomains, leveraging the Solana blockchain, introduces a revolutionary domain service where users finally gain access to officially partnered community-focused domains, allowing users to choose not only a name they desire but also the community they wish to associate with, adding a new layer of customization to their Web3 identity.
We would like to offer {anything}.pyth domains to anyone who wants to register one, Pythian or not. Of course, since we are a community focused protocol, there would be an alignment of incentives between AllDomains, the Pyth protocol, and the wider community. Our protocol is ready (today) to offer this to the community and the TLD has been reserved for this exact moment since our inception.
Furthermore, AllDomains is a trusted domain provider by many of the top Solana projects, our existing communities include BONK, WEN, SuperTeam, MonkeDAO, and many others.
Rationale
Most of us use regular addresses that are cryptographic and uneasy to read and remember. AllDomains offers a simple solution to this problem allowing wallets to be identified as anything.TLD, making them human-readable on chain.
Much like Web2 domains we offer ownership of the Web3 TLD, not a subdomain or variation of a domain. Our domains appear on-chain exactly as the domain purchased/minted by the owner. Apps, explorers, dex/cex, wallets etc would have no further requirements and would not cause any confusion to the owner/user.
{anything}.pyth
No need to overcomplicate things in a way that will not only hinder sales but also exponentially increase mistakes when used.
Our protocol is incredibly straightforward to utilize, and would be no different for the Pythians. If we were to engage in a collaboration, users could go onto alldomains.id and:
- Go to alldomains.id
- Search for the domain name you want (i.e. pythian.pyth)
- Select the SPL you want to use for your purchase (the default being $PYTH), the renewal period, and click Buy Now.
The domains will work from the get-go in Phantom, Solflare and other dapps. More so, once you set them as the main domain they will be shown in Birdeye.
We also have plans to become a multi-chain domain provider, whereby Solana remains the single source of truth.
Proposed Plan and Feasibility
Currently on AllDomains the prices are pegged to a USD notional which is using Switchboard feeds. To celebrate this collaboration we’ve also integrated PYTH Network feeds. Domain prices float in the native token but are fixed to a USD notional. We propose the same structure for .pyth domains. The most expensive domain being a 1 letter would cost $100 USD or 238 $PYTH at the time of writing.
Additionally, we would integrate $PYTH into AllDomains so it can be used to purchase other domains on the platform, not just .pyth domains.
Below is a simple table illustrating the pricing in the $USDC value. Customers will be charged in the equivalent amount of $PYTH.
Option A
| Amt of characters | Cost in $USDC |
|---|---|
| 1 | 500 USDC |
| 2 | 250 USDC |
| 3 | 150 USDC |
| 4 | 50 USDC |
| 5+ | 20 USDC |
Option B
| Amt of characters | Cost in $USDC |
|---|---|
| 1 | 250 USDC |
| 2 | 150 USDC |
| 3 | 100 USDC |
| 4 | 40 USDC |
| 5+ | 10 USDC |
Option A supports the rarity of .pyth domains in-particular 1 and 2 character domains.
Option B supports volume and lower entry for 5 or more characters.
For clarity, both Option A and Option B are renewable domains and owners would be required to pay these fees annually. Domains can be traded at any point during ownership.
AllDomains will provide a bespoke landing and sales page on their site for .pyth domains. At no additional cost this could be hosted on one of our .id domains which after our partnership with Web2 registry PANDI now serve as both Web2 and Web3 domains. - Meaning you could host the website for domain claims + could use the domain on treasury payments, making it easy and transparent for your community.
In addition, Pyth could host claims natively on your own outlets using the AllDomains API adding visibility to .pyth domains claims.
AllDomains offers renewable domains which would offer all parties annual recurring revenues, and would be a long term source of income for the Pyth DAO treasury.
Optional - Pools
Also on our roadmap is the release of our Pools V2 (Q3 2024), which allows community members to earn a yield on their community TLD.
In this scenario Pythians would have the opportunity to earn a % of revenues generated from .pyth domain sales. If this were of interest, both parties would offer a 10% stake (each) to this pool, resulting in a 40/40/20 revenue share between AllDomains, the PythDAO, and the community.
Summary
- On-chain and dApp integration for branded domains (.pyth)
- A recurring revenue stream for the Pyth DAO
- Enable the community to become brand ambassadors
- Dynamic prices expressed in $PYTH and pegged to $USDC values
- Opportunity to create yield-bearing domains, providing the community an opportunity to share in the success of .pyth domains.
As mentioned above, our protocol could support .pyth domains at the flip of a switch, we just need the Pythians vote! The only request we have is that you offer your thoughts on the above proposal, and help discuss these questions.
Questions or Uncertainties
- Is the DAO ok to let anyone have a .pyth domain?
- What pricing would the DAO prefer, option A or option B?
- Is the DAO willing to allocate 10% of the revenues to the future AllDomains Pools V2?
community should choose the domain provider with the biggest user base, most integrations, and overall better performance. I’ve looked into Alldomains, but there’s not much info on their site other than they have 59 TLDs and 61.68k registered domains. You can’t verify this or see purchase history like you can on SNS. So, I decided to dig into Alldomains myself, and here’s what I found:
. They chase clout instead of aligning with communities, which could leave the Pyth 