Bi-weekly update, 04 June 2024
Protocol update, over the last two weeks:
+ rETH supply declined -0.5% to 506,572 — annualised decline of -12%.
+ Pending/active minipool count declined -2.0% to 23,942 — annualised decline of -53%.
+ Node operator count increased 0.3% to 3,683 — annualised growth of 8%.
Smart Node:
+ The Smart Node is ready for Houston. Node Operators should be prepared for the upgrade to launch on 17 June.
R&D:
+ The Houston upgrade contracts have been locked and deployed! Next up, the oDAO needs to vote on the upgrade, and if successful it can then be triggered on 17 June. An explainer article will be published on Medium soon, and discussed during the next Community Call in Discord: (https://discord.com/channels/405159462932971535/405163979141545995/1247432232356810764).
Governance:
+ The IMC membership selection vote will close in a few days, & you can earn a POAP for having your say: (https://vote.rocketpool.net/#/).
+ Three discussion threads were created about possible RPIPs for Saturn: (https://dao.rocketpool.net/t/rpip-balance-submission-guardrail/3010/1), (https://dao.rocketpool.net/t/rpip-mev-penalty-guardrail/3009), (https://dao.rocketpool.net/t/rpip-node-distributor-user-fund-unbundling/3008).
Integrations:
+ A zkSync Era DEX launched an incentivised rETH liquidity pool: (https://x.com/zkSwap_finance/status/1795454895887114474).
+ Two lending protocols now support the use of rETH as collateral: (https://x.com/BaoCommunity/status/1792899713982963939), (https://x.com/fringefinance/status/1793349877587661285).
+ A permissioned DeFi protocol launched RPL & rETH liquidity pools: (https://x.com/NeopinOfficial/status/1797851749916737956).
+ A proposal was created to add rETH as collateral to the HAI protocol: (https://x.com/letsgethai/status/1797696270494228664).
Media & Marketing:
+ RPL was a supported asset for MYSO’s recent IOO: (https://x.com/RP_Intern/status/1794970012328837329).
+ Aura shared an update on rETH DeFi opportunities:(https://x.com/AuraFinance/status/1794001672831918447).
+ A liquid restaking protocol highlighted an opportunity for rETH liquid stakers: (https://x.com/Eigenpiexyz_io/status/1796637139070767124).
+ A market intelligence report looked at links between Rocket Pool and the wider Ethereum market: (https://x.com/santimentfeed/status/1796359885464187377).
About Rocket Pool:
Rocket Pool is Ethereum’s most decentralised liquid staking protocol. Its 3,200+ worldwide node operators have staked over 810,000 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.
