Bi-weekly update, 21 May 2024
Protocol update, over the last two weeks:
+ rETH supply declined -0.6% to 509,007 — annualised decline of -17%.
+ Pending/active minipool count declined -0.3% to 24,437 — annualised decline of -9%.
+ Node operator count increased 0.4% to 3,672 — annualised growth of 9%.
Smart Node:
+ v1.13.2 of the Smart Node was released. It is a recommended update with bug fixes thanks to the Houston Testnet Beta testers, client updates, and minor new features: (https://discord.com/channels/405159462932971535/918351974406172723/1240813739633016842).
R&D:
+ Work on resolving discrepancies that were found between the Houston code and the RPIP specifications. Due to this, the Houston release date was shifted to 04 June: (https://discord.com/channels/405159462932971535/405163979141545995/1239452660034310144).
+ Work on assessing and resolving a subsequent Immunefi bug bounty submission prompted a further move in the Houston release date, to 17 June: (https://discord.com/channels/405159462932971535/405163979141545995/1242331283284299797).
Governance:
+ There was a discussion about recent changes to the Immunefi bug bounty: (https://dao.rocketpool.net/t/immunefi-bug-bounty-changes/2987).
+ IMC member selection will take place soon: (https://dao.rocketpool.net/t/2024–05-imc-members-selection/2985).
+ There was feedback sought & a discussion about the events that led to interval 22 producing what social consensus has deemed a bugged tree: (https://dao.rocketpool.net/t/interval-22-post-mortem/2974).
+ The GMC opened submission round 13: (https://dao.rocketpool.net/t/round-13-call-for-grant-applications-deadline-is-june-7/2969).
+ The IMC sought feedback about incentivising Liquity: (https://dao.rocketpool.net/t/liquity-incentive-vibe-check/2975).
Integrations:
+ A lending protocol now accepts rETH as collateral: (https://x.com/kinzafinance/status/1792623757162414170).
Media & Marketing:
+ ETHSofia has provided a 20% discount code ROCKET20 for any Rocket Poolers attending the event on 17 October: (https://app.moongate.id/e/ethsofia2024).
+ The increase in media chatter about a potential ETH ETF resulted in Rocket Pool receiving coverage as a key part of the Ethereum ecosystem: (https://x.com/hc_capital/status/1792798863759380864), (https://x.com/TechFlowPost/status/1792825409018777838).
+ A DAO allocated one-third of their treasury stake to rETH: (https://x.com/K9finance/status/1792616604850684248).
+ rETH received media coverage via Flat Money: (https://x.com/DeFi_Dad/status/1791712682661298422), and Open Dollar: (https://x.com/open_dollar/status/1791548576864047109).
+ A blog post from Vitalik mentioned Rocket Pool: (https://x.com/RP_Intern/status/1791488181453705449).
+ Notional created a thread about rETH yield strategies: (https://x.com/NotionalFinance/status/1790447672643518934).
+ Recent Community Call guests were numa: (https://www.youtube.com/watch?v=VxBXFhJReyw). and Open Dollar: (https://www.youtube.com/watch?v=K_ARdBDo6VU).
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.
