Bi-weekly update, 26 September 2023
Protocol update, over the last two weeks:
+ rETH supply increased 0.7% to 529,643 — annualised growth of 19%.
+ Pending/active minipool count increased 0.4% to 25,232 — annualised growth of 11%.
+ Node operator count increased 1.3% to 3,242 — annualised growth of 34%.
Smartnode:
+ Work is continuing on v2, the most comprehensive update of the smartnode since protocol launch.
+ The Blocknative MEV-Boost Relay is being sunsetted imminently. You can switch to other relay(s) now to keep MEV-Boost running: (https://x.com/RP_Intern/status/1706692004078387294).
R&D:
+ With the Team now back from Singapore, work on Houston has returned to full speed ahead, including pDAO Treasury Management and Security Council design.
+ Refreshed graphics continue to be added to the new website.
+ Other ongoing work includes the rETH reward calculator API and Snapshot dual strategy vote research.
Governance:
+ Discussion continues about RPL voting power, including the maximum effective cap: (https://dao.rocketpool.net/t/removing-maximum-effective-cap-on-rpl-vote-power/2227).
+ The possibility of a GMC member stipend was discussed: (https://dao.rocketpool.net/t/proposal-gmc-member-stipend/2203).
+ DrWorm joins the IMC, replacing Langers & Dave: (https://dao.rocketpool.net/t/2023-09-imc-membership-changes/2222).
+ The GMC decided to allocate some funds towards USD-denominated assets, specifically LUSD and USDC: (https://dao.rocketpool.net/t/gmc-treasury-usd-diversification/2134/10).
Integrations:
+ Raft announced v2 is live with R available for minting using rETH: (https://x.com/raft_fi/status/1702009642631709114).
+ rETH can now be used to mint Lybra’s peUSD: (https://x.com/LybraFinance/status/1704843025120379255).
+ DeFi Saver supports rETH in their new leveraged staking dApp: (https://x.com/RP_Intern/status/1703721854941417553).
+ Incentives are live on Gamma’s rETH/WETH Arbitrum pool: (https://x.com/GammaStrategies/status/1702492072429732289).
+ Notional v3 is supporting rETH: (https://x.com/NotionalFinance/status/1702689155854275053).
+ Pyth deployed an RPL/USD price feed: (https://x.com/PythNetwork/status/1702729125159698536).
+ Chainlink announced an RPL/USD price feed on Optimism: (https://x.com/chainlink/status/1703138434469318842).
+ ZeroLiquid announced that they will integrate rETH: (https://x.com/ZeroLiquid_xyz/status/1701957846705815933).
Media & Marketing:
+ The fortnight in Singapore wrapped up with two days of learning and networking with banks and other institutions at Digital Assets Week: (https://daweek.org/singapore/).
+ Langers presented to Eth Malaysia in Kuala Lumpur: (https://x.com/aazfar12/status/1703332471520293297).
+ Chainflow, an infrastructure provider, announced that they launched a Rocket Pool node: (https://x.com/ChainflowPOS/status/1704404229811523935).
+ Community calls included a guest appearance from Cega: (https://x.com/Rocket_Pool/status/1704503344969007365), and a live Singapore update & biweekly update overview from Langers: (https://x.com/Rocket_Pool/status/1701502793423757535).
+ Metronome published content about looping rETH to create a leveraged staking strategy. DYOR first though: (https://x.com/MetronomeDAO/status/1703814340485201926).
+ Rocket Pool continued to be featured (in a positive light) as part of the ongoing widespread discussions about liquid staking’s impact on Ethereum’s security: (https://x.com/evan_van_ness/status/1704582734541119699).
+ Messari provided significant coverage of Rocket Pool as part of their latest Ethereum Staking analysis: (https://x.com/waqwaqattack/status/1706362597941850327).
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.
