Bi-weekly update, 23 April 2024
Protocol update, over the last two weeks:
+ rETH supply declined -1.0% to 519,088 — annualised decline of -26%.
+ Pending/active minipool count declined -2.5% to 24,576 — annualised decline of -66%.
+ Node operator count increased 0.3% to 3,646 — annualised growth of 8%.
Smart Node:
+ A Houston-compatible release of the Smart Node is imminent.
R&D:
+ Rewards tree specs v9 and v10 were shared for feedback: (https://dao.rocketpool.net/t/rewards-tree-spec-v10/2937).
+ Testnet deployment of the Houston upgrade is imminent.
+ Tokenomics review including legal considerations.
Governance:
+ The GMC is requesting community feedback on future funding priorities: (https://dao.rocketpool.net/t/gmc-budgeting-allocations/2933).
+ Voting will shortly close on RPIP-39 which proposes to allow the GMC to pay incentives to community members engaging with the bounty system: (https://vote.rocketpool.net/#/proposal/0xde403d91a1d45e958b4ad3c98c45bd07b219a5d498e81a4ade91431a0a979da9).
Integrations:
+ Incentives ramped up for rETH LP on Polygon zkEVM: (https://x.com/GyroStable/status/1778756788705239068).
Media & Marketing:
+ Langers was interviewed on The Beefy Pod: (https://x.com/beefyfinance/status/1781466247269437473).
+ Mav spoke with Euclid on a restaking Space: (https://x.com/Euclidfi/status/1780244003637911755), and with MYSO: (https://x.com/MysoFinance/status/1778057485074432286).
+ rETH holders can participate in MYSO’s token launch: (https://x.com/RP_Intern/status/1780615627486748818).
+ Everstake created a guide on using rETH on EigenLayer: (https://x.com/everstake_pool/status/1780606072853541255).
+ rETH performed well vs other LSTs during recent market volatility: (https://x.com/open_dollar/status/1779501192827011214).
+ Ledger shared a post about Rocket Pool: (https://x.com/Ledger/status/1778755019308671033).
+ Jasper hosted Flat Money on a recent community call: (https://www.youtube.com/watch?v=lmdhm18AZdk).
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.
