Bi-weekly update, 07 May 2024
Protocol update, over the last two weeks:
+ rETH supply declined -1.3% to 512,300 — annualised decline of -34%.
+ Pending/active minipool count declined -0.2% to 24,521 — annualised decline of -6%.
+ Node operator count increased 0.4% to 3,659 — annualised growth of 9%.
Smart Node:
+ In a busy fortnight for the Smart Node, v1.13.0 was released as a Houston-ready upgrade which is recommended for all node operators: (https://discord.com/channels/405159462932971535/918351974406172723/1232524618099851295).
+ v2.0 Beta 1 was released for use on the Holesky testnet ONLY, it’s a completely redesigned Smart Node from the ground up, taking advantage of years of lessons learned and user feedback: (https://discord.com/channels/405159462932971535/918351974406172723/1234883977773580288).
+ This was followed by Beta 2 of v2.0 which has lots of fixes and some new features based on feedback from our awesome beta testers: (https://discord.com/channels/405159462932971535/918351974406172723/1237510209371639900).
+ And v1.13.1 was also released as a recommended update for all users as it contains important client updates and bug fixes: (https://discord.com/channels/405159462932971535/918351974406172723/1235749273224741024).
R&D:
+ Audit reports for the Houston upgrade are available: (https://discord.com/channels/405159462932971535/405163979141545995/1235117496458154015).
+ Review of Houston upgrade code against the spec & resolving discrepancies: (https://dao.rocketpool.net/t/houston-specification-discrepancies/2958).
Governance:
+ Feedback was sought about the implementation of Rewards Tree Spec v10: (https://dao.rocketpool.net/t/rewards-tree-spec-v10/2937/11).
+ The latest GMC reports: (https://dao.rocketpool.net/t/gmc-2024–04–01–2024–04–30-treasury-report/2955), pDAO reports: (https://dao.rocketpool.net/t/pdao-2024–04–11–2024–05–09-treasury-report/2966), and IMC reports are available: (https://dao.rocketpool.net/t/imc-period-19–20–21–22-reports-period-20–21–22-budgets/2962).
+ Feedback was sought about IMC nomination: (https://dao.rocketpool.net/t/2024–05-imc-nomination-thread/2959).
Integrations:
+ StakeKit supports rETH liquid staking directly in the Zerion app: (https://x.com/stakekit/status/1787500396706992195).
+ Hyperdrive supports rETH on their testnet: (https://x.com/delv_tech/status/1785718780896969024).
+ Flat Money’s new rETH product is the biggest ETH perp market on Base: (https://x.com/_ermin/status/1785525082712076586).
+ Open Dollar supports rETH as collateral for minting their stablecoin (https://x.com/RP_Intern/status/1785358977003598097).
Media & Marketing:
+ The latest RPL DeFi Update is now available: (https://x.com/StakeRocketPool/status/1786177920337166364).
+ Thanks to improved DEX liquidity on Base, Gaunlet has increased the supply and borrow caps for rETH on Moonwell: (https://x.com/heyitschrizzle/status/1784588817967845798).
+ Ken & Jasper hosted a special guest to chat about DeFi in the Polygon ecosystem: (https://www.youtube.com/watch?v=h9yPQr0lVOg).
+ Mav was interviewed by a YouTube influencer: (https://www.youtube.com/watch?v=_wTCCSzPvfs).
+ RPL has been listed on eToro: (https://ad.doubleclick.net/ddm/clk/585482000;393872846;r).
Disclaimers:
Don’t invest unless you’re prepared to lose all the money you invest. Comments and views expressed in this content do not constitute any kind of advice, financial or otherwise.
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.
