Rocket Pool — Staking Protocol Part 4

David Rugendyke
Sep 9 · 10 min read
Rocket Pool Explainer Series Part 4 — Mainnet Launch, Oracle DAO Members, Bug Bounty & Audit Reports

Hello Rocket Poolers! Today we’re extremely excited to announce the launch date of our highly anticipated mainnet release. To say this is huge milestone for the team and our beloved community would be an epic understatement.

After multiple betas over years, followed by multiple audits from some of the biggest in the industry, we’ve spared no effort to produce and refine a first ever decentralised staking protocol for Ethereum.

Rocket Pool will launch to mainnet on the 6th October, 2021 00:00 UTC. The mainnet staking site will be open to the public, running from https://stake.rocketpool.net.

This article will cover mainnet release details, our initial set of launch Oracle DAO members, a new bug bounty program and information on our audit reports from Sigma Prime, ConsenSys Diligence and Trail of Bits. Now that’s an article!

Rocket Pool ETH2 Staking Protocol Series

If you’re new to Rocket Pool or just need a refresher on the many aspects of it, we’d highly urge you to read our explainer series from the start. They cover super simple decentralised liquid staking with rETH, how to make a higher ROI by running a smart node in the protocol than staking solo, a guide on how the tokenomics drives all the actors in the protocol to work in everyone's best interests and much much more.

You’ll be able to stake at our website @ stake.rocketpool.net — Get there early and you’ll see a countdown

Mainnet Staking

This means there are currently two main ways to participate in ETH2 staking with Rocket Pool on mainnet.

Staking User or dApp

You can hold this token, trade it, sell it or whatever your heart desires. It will help provide liquidity for stakers and dApps until withdrawals are enabled for staking deposits and beyond, neat!

If you use stake.rocketpool.net, you’ll be able to get this rETH token when you deposit ETH. Then, if you want to claim ETH, you can trade your rETH right back after 24hrs, provided there’s good liquidity in the deposit pool.

Tokenised Staking Quickstart Guide Coming Soon!

Node Operator

We know running an ETH node can be a little daunting, so we’ve made a pretty neat little package that will take care of all that for you. It’ll create a docker stack that includes your choice of ETH1 client, ETH2 client and a Rocket Pool client (makes depositing easy, launching validators, monitoring, interacting with our smart contracts and much more). This stack comes completely ready to go once installed.

Node Operator’s Quickstart Guide Coming Soon!

Documentation and Guides

Learn how to enable advanced dashboards for your Rocket Pool smart node @ https://docs.rocketpool.net

Mainnet Rollout

Mainnet rollout will happen over 4 progressive stages

Each stage will limit the number of minipools and the size of the rETH deposit pool. Once the minipool limit is reached new node operators will not be able to deposit until the next phase. Once the rETH deposit pool has reached its limit, stakers will not be able to swap ETH for rETH until the next phase. We hope to work through these stages quickly but we feel it is important to make ensure everything is safe and sound.

We are extremely excited to be taking this final step towards mainnet and being able to share this with the Ethereum community. A big thank you to our supporters and community for being along on this ride with us, your feedback has been immensely helpful in shaping Rocket Pool as it approaches mainnet.

Oracle DAO Members

Members in this DAO can create proposals to invite new members, leave the DAO and much more. Importantly these nodes also help relay data from the beacon chain on ETH2, to our smart contracts on ETH1.

As we’ve been an Ethereum staking community-orientated project from day 1, our primary goal when selecting initial ODAO members was to help support the staking community and the fantastic projects that drive it.

oDAO members earn RPL from the protocol’s tokenomics. Consequently, by creating a diverse oDAO membership of well-respected members of the staking community and ecosystem, we are actively funding their staking development and innovation.

With our initial launch members, the Rocket Pool decentralised staking protocol will initiate a positive feedback loop, where it’s success and decentralisation, will empower collective funding of oDAO participating Ethereum staking projects. Our hope is that over time, funding contributions from Rocket Pool, could be second only to the Ethereum Foundation.

Launch Members

Lighthouse ETH2 Client Team

Nimbus ETH2 Client Team

Prysm ETH2 Client Team

Etherscan / Beaconscan

Beaconcha.in

ConsenSys Codefi

Blockdaemon

Staked

Blockchain Capital

Bankless

Superphiz / Ethstakers

Fire Eyes

CryptoManufaktur

Rocket Pool

Bug Bounty Launch

Immunefi is the premier bug bounty program for smart contracts and DeFi projects. A bug bounty program is an open invitation to security researchers to discover and disclose potential vulnerabilities.

Bug Bounty @ immunefi.com/bounty/rocketpool

Our audits were conducted by the best-in-the-business and they have done an amazing job, but there are some amazing researchers out there and we need your help to keep Ethereum staking decentralised and secure!

The bug bounty program focuses on our smart contracts. It will run pre-launch and will continue into mainnet operation.

Audit Reports

We would like to thank the audit teams for their hard-work and professionalism. To support transparency, we are in the process of making our audit reports public before launch through the auditing firms.

Before launch we will include them in an announcement and update our website with links to them on the respective auditing sites.

Questions or just say hello!

Rocket Pool

ETH2 Decentralised Ethereum Proof of Stake Protocol