Bi-weekly update, 29 August 2023
Protocol update, over the last two weeks:
+ rETH supply increased 3.3% to 514,467 — annualised growth of 87%.
+ Pending/active minipool count increased 2.6% to 24,942 — annualised growth of 67%.
+ Node operator count increased 1.3% to 3,166 — annualised growth of 34%.
Smartnode:
+ v1.10.2 release is imminent including multiple client updates & fixes for nodes with more than 1000 minipools, and work is continuing on v2 release.
R&D:
+ New design assets are being incorporated into the updated website.
+ Workshops were held on LEB4s and the implications of the proposed Ethereum change to Max Effective Balance.
+ Work continues on pDAO voting development, rETH reward calculation API & subgraph changes, and the Base exchange rate oracle.
Governance:
+ Wintermute’s DeFi Governance Digest featured the ongoing tokenomics discussions: (https://twitter.com/wintermute_t/status/1692563344148816297).
+ Feedback is being sought on diversifying the GMC treasury into USDC:(https://dao.rocketpool.net/t/gmc-treasury-usd-diversification/2134), which received coverage in Blockchain News (https://blockchain.news/news/rocket-pool-gmc-treasury-considers-usdc-diversification-to-stabilize-rpl-value).
+ There are also two polls for feedback on a proposal to adjust RPL staking: (https://dao.rocketpool.net/t/rpl-staking-rework-proposal/2090/21), and (https://dao.rocketpool.net/t/supplemental-poll-for-rpl-staking-rework/2131).
+ A proposal was put to the DAO to feature its metrics on an aggregator platform: (https://dao.rocketpool.net/t/proposal-enhance-transparency-with-rp-dao-profiles-with-thepass/2120).
+ There was plenty of discussion around the denomination of retrospective award RPL amounts: (https://dao.rocketpool.net/t/retrospective-award-rpl-amounts/2116).
+ A snapshot vote is live now to determine whether Rocket Split should be funded by the GMC under RPIP-27: (https://vote.rocketpool.net/#/proposal/0x1f51dfd82b0e60d7a3b974c819f613ef035d35994293821b9b30db62872b1cc2).
Integrations:
+ Pendle now supports rETH on Optimism: (https://twitter.com/pendle_fi/status/1691796397002211496).
+ Equilibria supports rETH on Optimism: (https://twitter.com/Equilibriafi/status/1696067356949409958).
+ VMEX launched a Beta on Optimism that supports rETH: (https://twitter.com/RP_Intern/status/1694369546650505497).
+ Mellow Protocol supports rETH/WETH auto-compounding on PancakeSwap: (https://twitter.com/mellowprotocol/status/1691425119451897856).
+ Notional is supporting rETH on Arbitrum: (https://twitter.com/NotionalFinance/status/1694330933627789582).
+ Seneca announced that it is planning to support rETH: (https://twitter.com/SenecaUSD/status/1692646787784249626).
+ A Balancer V2 pools vulnerability was reported to impact some Rocket Pool positions: (https://twitter.com/RP_Intern/status/1694017808940618178).
+ NBX integrated rETH, but remember to always DYOR on all DeFi protocols: (https://twitter.com/RP_Intern/status/1696136976381177999).
+ Protocols with existing rETH integrations created content highlighting various DeFi opportunities, including Factor: (https://twitter.com/FactorDAO/status/1691510833543589889), Silo: (https://twitter.com/SiloFinance/status/1691791546272932321), and Myso: (https://twitter.com/MysoFinance/status/1691826836567695830).
Media & Marketing:
+ The Rocket Pool community launched the POAP Quest series: (https://twitter.com/shf_ryn/status/1692232077586899358), and separately created a POAP to help raise funds to support a deserving individual: (https://checkout.poap.xyz/148664).
+ Rocket Pool minipools have been generating the highest 30-day backward APR as measured by rated-dot-network: (https://twitter.com/hyperthesis_eth/status/1695898425508999302), thanks in part to some high execution layer rewards: (https://twitter.com/RPLSmoothie/status/1695262648026476987), (https://twitter.com/RPLSmoothie/status/1691925682387874299).
+ EthStaker added a disclaimer to their website about the risks of a single dominant liquid staking protocol (https://twitter.com/ethStaker/status/1695453070216384698).
+ Rocket Pool hosted a panel discussion with special guests from bloXroute and Allnodes: (https://twitter.com/Rocket_Pool/status/1694711007975968950), an AMA with SSV: (https://twitter.com/Rocket_Pool/status/1693498800243900651), and 2 ETH minipools were teased during a Community Call: (https://twitter.com/MaverickNZ/status/1692340393143419228).
+ A Spark Protocol contributor highlighted leveraged rETH opportunities: (https://twitter.com/hexonaut/status/1692518532028764610).
+ Rocket Pool was featured in content from utoday: (https://twitter.com/Utoday_en/status/1692132105579319768), and CryptoAtlas: (https://twitter.com/CryptoAtlas_io/status/1692086615173169341).
+ RPL was listed by Anycoin Direct, but remember to DYOR on all exchanges: (https://twitter.com/RP_Intern/status/1692108886562820352).
About Rocket Pool
Rocket Pool is Ethereum’s most decentralised liquid staking protocol. Its 3,100+ worldwide node operators have staked over 798,000 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.
