Bi-weekly update, 16 July 2024
Protocol update, over the last two weeks:
+ rETH supply declined -0.2% to 501,480 — annualised decline of -6%.
+ Pending/active minipool count declined -0.3% to 23,648 — annualised decline of -8%.
+ Node operator count increased 0.2% to 3,717 — annualised growth of 4%.
Smart Node:
+ Smart Node v1.13.7 was released. It is a recommended update for all users as it contains client updates and bug fixes: (https://discord.com/channels/405159462932971535/918351974406172723/1261043277931745280).
R&D:
+ For Houston, work focused on the contract bug fix and snapshot strategy testing & improvements.
+ For Saturn, work focused on tokenomics thread discussions and development RPIP breakdown workshops.
Governance:
+ pDAO vote initialisation has crossed 25%: (https://discord.com/channels/405159462932971535/405163979141545995/1261187374059229196), but several large node operators are still pending: (https://x.com/drjasper_eth/status/1812499221418783227).
+ 1KX shared an updated tokenomics proposal, which stimulated additional discussion: (https://dao.rocketpool.net/t/1kx-tokenomics-proposal/3119).
+ There was discussion about the risks of onchain governance: (https://dao.rocketpool.net/t/what-are-the-current-safeguards-against-governance-takeover/3120).
+ The GMC opened round 15 of grants, bounties, & retrospectives: (https://dao.rocketpool.net/).
+ The latest pDAO treasury report is available: (https://dao.rocketpool.net/t/pdao-2024–06–06–2024–07–04-treasury-report/3100).
Integrations:
+ rETH deposits are eligible for a points program: (https://x.com/RP_Intern/status/1811028652491972898).
+ A crypto dashboard supports minipools: (https://x.com/RP_Intern/status/1811427928527319522).
Media & Marketing:
+ Another RPL airdrop was distributed to POAP holders: (https://x.com/drjasper_eth/status/1811753659543224758).
+ RPL has a new listing, but DYOR first: (https://x.com/CryptoLandEx/status/1812843841235439772).
+ Video content featured an rETH integration: (https://x.com/ProDJKC/status/1812894201358463147).
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.
