Price Cooldown (formerly known as temporary premium) is the 21 days after a .eth name's grace period ends. Anyone can register the name then, but at first it costs extra.
How does the fee work?
The extra cost is an additional fee, charged once on top of the normal price. It starts at $100 million, drops fast at first, and reaches $0 after 21 days. From then on the name costs the normal price.
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For how a name gets here, see .eth name lifecycle and Expiry & grace period.
Common questions
Why does ENS have Price Cooldown?
The high starting fee isn't meant to be paid. It stops bots grabbing names the moment they are released, and lets anyone register when the price suits them.
How do I see the current additional fee for a name?
Search for the name in ENS Explorer and select Register: the registration page shows the price with the current Price Cooldown fee.
Can the old owner get the name back during Price Cooldown?
Only by registering it like anyone else, at the same price. The old owner gets no priority.
Does the multi-year discount apply to the Price Cooldown fee?
No. Only the registration price is discounted.
Does ENSv2 going live on Ethereum reset a Price Cooldown?
No. A Price Cooldown already running carries on with the same timeline.