Bi-weekly update, 26 March 2024
Protocol update, over the last two weeks:
+ rETH supply declined -1.6% to 541,414 — annualised decline of -41%.
+ Pending/active minipool count declined -1.4% to 25,303 — annualised decline of -44%.
+ Node operator count increased 0.7% to 3,612 — annualised growth of 19%.
Smartnode:
+ Work continues on the all-new v2 Smartnode.
R&D:
+ Ongoing discussions with Starknet to resolve their airdrop.
+ Workshopping Saturn & tokenomics ideas: (https://dao.rocketpool.net/t/2024-tokenomics-rework-drafts/2847/6).
+ Houston testing continues ahead of potential testnet deployment next week, and the launch in six weeks on 06 May.
Governance:
+ Both EigenLayer votes have closed, and the bounty will continue as implemented by the GMC: (https://vote.rocketpool.net/#/).
+ There was discussion about funding Rocket Pool meetup events: (https://dao.rocketpool.net/t/grant-idea-rocket-pool-summit-program/2850).
+ Feedback was sought on draft RPIP-39 about bounty incentives: (https://dao.rocketpool.net/t/rpip-39-bounty-incentives-forum-vote-live/2753/10).
+ An overview of IMC responsibilities was shared, in anticipation of the next member selection round: (https://dao.rocketpool.net/t/looking-for-imcers/2823).
+ An in-depth GMC report was published, covering applications over time, funding allocations, treasury balance, and goals for 2024: (https://x.com/shf_ryn/status/1769777109717623061?s=20).
+ The GMC is seeking feedback on funding a bounty for SSV integration: (https://dao.rocketpool.net/t/ssv-integration/2858).
+ The GMC is seeking content creators for the scorecard bounty: (https://dao.rocketpool.net/t/looking-for-content-creators-for-the-rp-scorecard/2859).
Integrations:
+ A new LST index will have a significant rETH component: (https://x.com/reserveprotocol/status/1760817713122099261?s=20).
+ A lending protocol is supporting rETH: (https://x.com/OneTrueKirk/status/1770161522242896076?s=20).
+ A lending protocol on Arbitrum supports rETH: (https://x.com/LuminProtocol/status/1768814010055467275?s=20).
+ A liquid restaking protocol on Arbitrum now supports rETH: (https://x.com/AutoLayer/status/1772592340693025187?s=20).
Media & Marketing:
+ Recent Community Call guests were Notional Finance: (https://www.youtube.com/watch?v=HQ62W6ft61o) and Morpho: (https://www.youtube.com/watch?v=a-p4HYyIehI).
+ Langers joined the Nethermind Dencun/blobs livestream: (https://x.com/NethermindEth/status/1767883287958036818?s=20).
+ An Allnodes-hosted Rocket Pool minipool proposed the first-ever blob on Ethereum: (https://x.com/Allnodes/status/1767946042819883405?s=20).
+ Notional created a thread highlighting opportunities for rETH holders in their V3 mainnet launch: (https://x.com/NotionalFinance/status/1770067879368835518?s=20).
+ Attestant published a comprehensive report about Rocket Pool: (https://x.com/RP_Intern/status/1770167906317250740?s=20).
+ DeFi opportunities for rETH holders on Base continue to be attractive: (https://x.com/beefyfinance/status/1769724491544883661?s=20), (https://x.com/0xflatmoney/status/1769529188393103565?s=20).
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.
