Bi-weekly update, 01 August 2023
Protocol update, over the last two weeks:
+ rETH supply has grown 0.29% to 481,073 — annualised growth of 7%
+ Active minipool count has grown 2.7% to 26,696 — annualised growth of 71%
+ Node operator count has grown 1.2% to 3,087 — annualised growth of 30%
Smartnode:
+ v1.10.0 is now available, it features experimental opt-in rolling records and is a recommended update for anyone using Nethermind, Nimbus, Prysm, or Teku: (https://discord.com/channels/405159462932971535/918351974406172723/1132865943056429116).
R&D:
+ RPL inflation settings were adjusted in accordance with RPIP-25: (https://discord.com/channels/405159462932971535/405163979141545995/1135735748461596742).
+ Work continues on pDAO onchain voting, the rETH reward calculator, and website redesign.
Governance:
+ There is still time to vote and have your say in RPIP-26 Updating of Grants Management Committee: (https://vote.rocketpool.net/#/proposal/0x1c976f159a298e4b16c820654f9ec9b4fa9d972fe16daa9fd2c44767aa0a7705).
+ And assuming the above will pass, preparations are underway to receive GMC Administrator applications: (https://dao.rocketpool.net/t/gmc-administrator-position-apply-aug-4-aug-11/2035).
+ The latest GMC treasurer update is now available: (https://dao.rocketpool.net/t/july-2023-gmc-treasurer-update/2040).
+ And there have been GMC member changes: (https://dao.rocketpool.net/t/anisoptera-eth-joins-the-gmc/2037).
+ A discussion started about the pDAO funding future protocol development work: (https://dao.rocketpool.net/t/dev-team-funding/2038).
Integrations:
+ rETH continues to be extremely popular on Gravita, hitting the GRAI mint cap again and far in excess of other LST collateral options: (https://twitter.com/gravitaprotocol/status/1685938113271504896).
+ Umee is proposing to add rETH as collateral which would make it the first LST available in the Cosmos ecosystem: (https://twitter.com/Umee_CrossChain/status/1685017459642802176).
+ Chainlink launched a price feed for rETH on Optimsim: (https://twitter.com/chainlink/status/1683176903115526145), which in turn allowed Mean Finance to support rETH on Optimism: (https://twitter.com/mean_fi/status/1684292524964478976).
+ Davos now supports rETH on both Optimism and Arbitrum: (https://twitter.com/Davos_Protocol/status/1684571716071444481).
+ GND Protocol integrated rETH as collateral: (https://twitter.com/GNDProtocol/status/1681960913442869250).
+ ZeroLiquid has integrated rETH as collateral: (https://twitter.com/ZeroLiquid_xyz/status/1681309160418451456).
+ Index Coop sought feedback for the design on their icRETH token: (https://discord.com/channels/405159462932971535/405163979141545995/1133785331368480899).
Media & Marketing:
+ The smoothing pool received a massive 253 ETH block, temporarily bumping rETH APR: (https://twitter.com/RPLSmoothie/status/1685682039113011200).
+ rETH was the top fortnightly liquid staking market share gainer: (https://twitter.com/ThorHartvigsen/status/1684840601265577984).
+ RPL perps can be traded on Synthetix: (https://twitter.com/synthetix_io/status/1684974289148399616).
+ Langers had chats about Rocket Pool with DeFi Toronto: (https://twitter.com/DefiToronto/status/1684538658274295808), and First Digital: (https://twitter.com/FirstDigitalHQ/status/1683660614172811265).
+ Rocket Pool was mentioned in media content including from Bybit: (https://twitter.com/Bybit_Official/status/1683446935615680514), and WatcherGuru: (https://watcher.guru/news/what-is-rocket-pool).
+ Nexus Mutual’s $27m rETH acquisition received some good media coverage from The Block: (https://twitter.com/TheBlock__/status/1682528660568387585).
+ Kujira decided organically to LP their token against rETH instead of ETH on Optimism: (https://twitter.com/PragmaticMonkey/status/1682212898389602305).
+ A talk by Justin Drake at EthCC mentioned how MEV burn would benefit Rocket Pool far more than other liquid staking protocols: (https://twitter.com/Jasper_ETH/status/1683326983034339329).
+ The Spool integration received more media coverage, this time from Bitcoinist and Newsbtc: (https://twitter.com/SpoolFi/status/1681679997734383618).
+ The previous Community Call Twitter Space recordings are available on YouTube: (https://www.youtube.com/@RocketPool/videos).
+ Rocket Pool was featured in an article about restaking: (https://twitter.com/incrypted/status/1684967962766188554).
About Rocket Pool
Rocket Pool is Ethereum’s most decentralised liquid staking protocol. Its 3,000+ worldwide node operators have staked over 780,000 ETH representing over 3% of all Ethereum staked. Liquid stakers can participate by depositing as little as 0.01 ETH to receive the rETH liquid staking token. Rocket Pool is a fully non-custodial solution, and its node operators are economically aligned to perform well for stakers. Joining as a node operator is fully permissionless and requires just 8 ETH (instead of 32). A boosted ROI is provided from both operator commission plus RPL rewards. The Rocket Pool team have been in the staking space since its inception in 2016, which gives them a pedigree and track record without peer. Comments and views expressed in this content do not constitute any kind of advice, financial or otherwise.
