Rocket Pool 2.5 — Beta Guides
Hello Rocket Poolers! Our Pyrmont beta will be starting in just under a week, on the 26th of November, 2020 00:00 UTC. We’re getting excited to see how people will not only stake, but also node operate! If you’re very new to Rocket Pool, before participating you might want to read our FAQ 101 to get the low down on all the lingo, or you’ll be doing a lot of this in the following paragraphs.
Since betas can sometimes be a little overwhelming and are not the easiest thing to wrap your head around, we’ve made a few guides to help walk you through the various facets of the beta. You can just be among the first to try out tokenised staking on the website @ beta.rocketpool.net and if you feel like taking on a much bigger part of the beta, you can also run a node in the Rocket Pool network, be it on your own staking rig or on an AWS instance, and try things out.
However you try out the beta, you’ll be entitled to a share of 10,000 RPL for participating in it. We’ll be supplying the exact details of how this reward system will operate below. Oh, and you’ll also get some neat POAPs!
Tokenised Staking
Since we introduced the concept of tokenised staking with rETH, a token that gains staking rewards over time, you’ll now be able to try it out for the first time. You can deposit Goerli testnet ETH for rETH and also trade rETH back for ETH if there’s sufficient liquidity available. All via the website @ https://beta.rocketpool.net when the beta begins.
You’ll need MetaMask or a Ledger to participate, so if you have either of those, jump into the guide below to grab some rETH.
Tokenised Staking Guide — Read it all here!
Node Operators
All hail the mighty node operator, backbone of the Rocket Pool network and purveyor of fine hardware and internet connections! If you want to see what it’s like running a node for the Rocket Pool network, this role will be right up your alley. All those kind souls holding rETH will see it increasing in value as the node operators in Rocket Pool perform, so good node operators in this beta will be rewarded well!
If you’re staking on your own hardware, you’ll want to follow the guide below. You can actually start setting up and syncing the Eth 1.0 & Eth 2.0 chains now. You won’t be able to register your node with the Rocket Pool network until the beta begins, but you can play with everything else :)
Node Operator’s Guide — Read it all here!
If you don’t have access to hardware or just want to try out the beta with AWS, follow this guide first:
Node Operator’s AWS Guide — Read it all here!
RPL Giveaway Details
If you participate in the beta, you’ll be entitled to a share of 10,000 RPL for your contribution. Since being an awesome node operator requires more effort than just staking, we’ll be dividing up the rewards into 3 separate buckets to make sure efforts are rewarded proportionally:
Bucket 1: Staking — 3,000 RPL
Users who try out tokenised staking via rETH on the website @ https://beta.rocketpool.net will receive a portion of this RPL, split equally among all unique participants.
Bucket 2: Node Operator Registration— 3,000 RPL
If you manage to set up and register a node in the Rocket Pool network, you’ll be entitled to your share of this bucket. We know it can be a bit of work getting nodes set up, and some might not be successful past this point, but hey, you put in a decent effort, so you should be rewarded.
Bucket 3: Minipool Validators —4,000 RPL
If you set up a node and register it with Rocket Pool, you’ll get some of the above bucket. But, not only that, if you create validators which run successfully, you’ll be awarded RPL from this bucket for each of them, proportional to the rewards they earned! They’ll need to have earned a positive amount of rewards by the end of the beta to be eligible.
Doing well in this area could make you quite the successful beta participant!
The Countdown Continues!
In just under a week, everyone can have a go! We can’t wait to see how users and node operators will jump in and test the waters.
If anyone has difficulties or needs some assistance, jump into our discord room and head to the #beta channel and let us know how you‘re stuck or any features you’d like to see implemented for the rolling beta.
Questions or just say hello!
If you have questions or want to know a bit more about us, why not swing by for a chat and say G’day! You can view our website or have a chat with us in our chat room that anyone can join. If chat rooms aren’t your thing, we’re also on Twitter!
