Bi-weekly update, 09 April 2024
Protocol update, over the last two weeks:
+ rETH supply declined -3.2% to 524,238 — annualised decline of -82%.
+ Pending/active minipool count declined -0.3% to 25,217 — annualised decline of -9%.
+ Node operator count increased 0.6% to 3,635 — annualised growth of 17%.
Smart Node:
+ v1.12.1 of the Smart Node has been released. It is recommended for all users as it contains important new features and client updates. More details are available on Discord: (https://discord.com/channels/405159462932971535/918351974406172723/1224502849245937714).
+ v2 is now feature-complete and testing has commenced.
R&D:
+ As per RPIP-30, the RPL withdrawal limit has been reduced to 100% of a node’s bonded ETH: (https://discord.com/channels/405159462932971535/405163979141545995/1224968404042256415).
+ Work continues on Houston, now towards a 27 May release date: (https://discord.com/channels/405159462932971535/405163979141545995/1226700973012025476).
Governance:
+ The GMC has requested more community discussion and feedback on submitted applications: (https://dao.rocketpool.net/t/round-11-gmc-community-discussion-of-submitted-applications/2774).
+ The GMC has opened Round 12 with a deadline of 07 May: (https://dao.rocketpool.net/).
+ Dozens of comments were added to the tokenomics discussion thread: (https://dao.rocketpool.net/t/2024-tokenomics-rework-drafts/2847/7).
+ NodeSet shared a report about Rocket Pool tokenomics: (https://dao.rocketpool.net/t/nodeset-review-of-rpl-tokenomics/2869).
+ Feedback was sought on the best way to distribute protocol revenue: (https://dao.rocketpool.net/t/tokenomic-rework-vibe-check-surplus-revenue-redistribution/2912).
+ A GMC-funded research report on forced exits was published: (https://dao.rocketpool.net/t/solutions-to-guard-against-mev-theft-research-paper/2906).
+ Feedback was sought on Smart Node notification options: (https://dao.rocketpool.net/t/notification-channels-poll/2901).
+ The latest GMC treasury report is available: (https://dao.rocketpool.net/t/gmc-2024–03–01–2024–03–31-treasury-report/2895).
Integrations:
+ The IMC worked with Gyroscope to co-incentivise a liquidity position on Polygon zkEVM:(https://x.com/GyroStable/status/1775214941215076498).
+ Some rETH users on Prisma may need to revoke delegate approval, if you’re affected please be safe & you can contact the Prisma team directly: (https://x.com/RP_Intern/status/1775110531202134360).
+ A new RWA/synthetics protocol supports rETH: (https://x.com/numamoney/status/1773414738359390238).
Media & Marketing:
+ An article highlighted how Rocket Pool’s staked ETH has been relatively resilient while other protocols have declined significantly: (https://x.com/RP_Intern/status/1775386000124186854).
+ The deposit pool is open for liquid staking deposits: (https://x.com/drjasper_eth/status/1775319457860125115).
+ NodeSet were guests on a recent Community Call: (https://youtu.be/zAaOhnmU85Q?si=FGNNsK2Mt4MBBJz1), with participants earning a POAP: (https://x.com/shf_ryn/status/1775295629532569996).
+ A design company reviewed the new Rocket Pool website: (https://x.com/IllusionService/status/1775087516976021894).
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.
