Bi-weekly update, 11 April 2023
Protocol update, over the last two weeks:
+ rETH supply has grown 7.1% to 231,764 — annualised growth of 185%
+ Minipool count has grown 1.5% to 13,919 — annualised growth of 40%
+ Effective RPL staked has declined -0.2% to 7.53m — annualised decline of -5%
+ Node operator count has grown 2.0% to 2,268 — annualised growth of 53%
Smartnode:
+ This is the last bi-weekly update before Atlas goes live on mainnet! A comprehensive smartnode update v1.9.0 was released which supports all things Atlas — Rocket Pool node operators are required to upgrade to at least this version asap. For docker mode, the upgrade must be complete before the Shapella hard fork on 12 April 2023 22:27 UTC. For hybrid/native mode, the upgrade must be complete before Atlas on 18 April 2023 midnight UTC but EL/CL must be manually updated before Shapella.
+ v1.9.1 was subsequently released as a very low priority update on top of v1.9.0 with a minor bug fix. More details on Discord: (https://discord.com/channels/405159462932971535/918351974406172723/1092327869826474044)
R&D:
+ Atlas contracts have been deployed to mainnet and the launch is scheduled for midnight UTC on 18 April 2023: (https://twitter.com/Rocket_Pool/status/1641667304772476928).
+ As part of Atlas preparations, the deposit pool was increased by 13,000 ETH and it refilled just 12 hours later, which was covered by Staker Report: (https://twitter.com/StakerReport/status/1645364448419274754).
+ The website redesign & restructure is continuing. With design and structure work progressing well, new copy is being created and added to the draft.
+ A ZKSync rate provider oracle is being set up for rETH.
+ Other preparatory work is ongoing to ensure that all aspects of the protocol are ready for Atlas next week.
Integrations:
+ Arcadia Finance added rETH as collateral: (https://twitter.com/ArcadiaFi/status/1644402742591463435).
+ Teller Finance added rETH as collateral: (https://twitter.com/useteller/status/1644053737302904847).
+ Another staked ETH index token was created that includes an rETH component: (https://twitter.com/stakedotlink/status/1644062728447750144).
+ Reserve Protocol added support for an rETH plugin that facilitates the construction of index tokens: (https://twitter.com/reserveprotocol/status/1644085193794539521).
+ DAppNode mentioned that they are working on ensuring they can support 8 ETH minipools: (https://twitter.com/DAppNode/status/1643498406642368513).
+ Allnodes announced support for solo migration: (https://twitter.com/Allnodes/status/1641305280192364545).
+ Parallel Protocol voted to onboard rETH: (https://twitter.com/ParallelMoney/status/1645433198292115456).
Governance:
+ Coinbase Ventures was voted on to the oDAO: (https://twitter.com/CoinDesk/status/1642998386650492932).
+ The IMC launched a new rETH/ETH Uni v3 position which will help to protect against oracle attacks: (https://twitter.com/Jasper_ETH/status/1642738164686102531).
+ Voting for IMC membership selection has concluded and nine members have been chosen: (https://vote.rocketpool.net/#/proposal/0x19504a2bc3ac5b2b4fe9f54ef08ca23656fb4f6e678d17adb68c82d3bdf369af).
+ The GMC opened Round Two of grants, bounties, and retrospective awards. The DAO governance forum has been active with multiple submissions in advance of the round closing on 15 April: (https://dao.rocketpool.net/).
Media & Marketing:
+ SwissOne Capital mentioned Rocket Pool in a recent report: (https://twitter.com/Swissonecapital/status/1644361385910910976).
+ Multiple articles were published covering Rocket Pool’s recent strong performance including from crpytonews.com: (https://twitter.com/RP_Intern/status/1643748381813256192), CoinDesk: (https://twitter.com/RP_Intern/status/1643517689690992643), Coin Edition: (https://twitter.com/RP_Intern/status/1643725917376880640), CoinGecko: (https://twitter.com/RP_Intern/status/1641311819641008130), Decrypt: (https://twitter.com/RP_Intern/status/1641176491118690304), Invezz: (https://twitter.com/RP_Intern/status/1645684093307486208), and u.today: (https://twitter.com/RP_Intern/status/1644107181099479040).
+ Recent Community Calls & Twitter Spaces included Teller: (https://twitter.com/useteller/status/1644399739851403265), EthStaker: (https://www.youtube.com/watch?v=H4MGmZP2De8), and CryptoTaxCalculator: (https://www.youtube.com/watch?v=4FZmqXN1NHI).
+ Videos mentioning Rocket Pool included Altcoin Daily: (https://twitter.com/RP_Intern/status/1643465368323907586), and a YouTube influencer (https://twitter.com/mrlegendcrypto/status/1643648433524293634).
+ RPL achieved a high social engagement score as measured by LunarCrush: (https://twitter.com/RP_Intern/status/1643589559673040898).
+ Nouns DAO launched a program to incentivise solo stakers including Rocket Pool node operators: (https://twitter.com/ethStaker/status/1643473716431446016).
+ Langers was interviewed by Staking Rewards: (https://twitter.com/StakingRewards/status/1641812377279635460).
+ Community members created video guides on how to convert 16 ETH minipools to 8 ETH minipools post-Atlas: (https://twitter.com/LeighMcDonald1/status/1643337463803305989), (https://twitter.com/direct/status/1641840859279654917).
+ Blocknative covered Rocket Pool in their comprehensive staking guide: (https://twitter.com/RP_Intern/status/1645517083705503745).
About Rocket Pool
Rocket Pool is Ethereum’s most decentralised liquid staking protocol. Its 2,550+ worldwide node operators have staked over 550,000 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.
