The case for Rocket Pool
RPL is a bet on the value of resilient LST and institutions coming onchain. The protocol is great - rETH is as decentralized as it gets, and the node operator smart node is the best and most battle tested. The issue historically has been scaling restraints and tokenomics - both are being resolved.
RPL is now going to be a fee token. You can stake in Rocket Pool without RPL or with RPL as a node operator. If you stake without RPL, some of your rewards go to people who do stake RPL. The days of forced holding to join are gone.
The SEC filings today, filled with factual errors and misleading statements, show concretely that the agency's incompetence is endangering investors.
The most decentralized dApp on Ethereum is Rocket Pool - it has more home stakers than Solana, Gnosis, Polygon, Avax, everything but Ethereum itself.
In a sea of charlatans, Rocket Pool has pioneered true decentralization.
In this post, I will first explain why I believe $rETH is NOT a security by analyzing all of Howey, Reves, and the FIT21 criteria. Next, I will explain several factual errors that the SEC has made in its lawsuit against
@Consensys
with evidence. After this I will say why Consensys will likely win on summary judgment by analysing the Coinbase victory.
Finally, I will explain how, just like tornado cash, Rocket Pool is unstoppable. Neither the Rocket Pool DAO, nor Rocket Pool LTD., nor the SEC, nor any US or international court has the power to stop people from running nodes at home or holding $rETH in their wallet.
Don’t let BlackRock stake all the ETH
Don’t let Coinbase stake all the ETH
Don’t let Lido stake all the ETH.
Support thousands of node operators around the world by staking with @rocketpool
Join me in just over 12 hours in the @rocketpool Discord as we are joined by special guests from @0xflatmoney to talk about the incredible dual incentive $rETH campaign running on @base.base.eth as well as their launch plans!!
You won’t want to miss it.
A simple change to issuance like this will not stop LST dominance but it WILL kill off many Rocket Pool node operators who are far more sensitive to rate changes.
If the goal is to keep Ethereum's solo stakers relevant, than this approach is not sufficient.
1/n
Max and @mikeneuder.eth tag team in this epic.
Definitely not a near term goal due to complexity I imagine but conceptually, ending the single proposer law seems beneficial.
https://ethresear.ch/t/18777
If you staked 32 ETH you would've gotten 1800 $STRK.
If you instead launched 2 /rocketpool mini pools for 32 ETH + 3.2 ETH of $RPL, you would've gotten 3600 $STRK, currently worth $6,000.
2x boost on $STRK nearly covers the cost of $RPL.
Still $EIGEN and more to come.
Can someone put me in contact with a person at the /starknet team?
Many many /rocketpool node operators qualified to claim but the claim as it stands is impossible.
Rocket Pool cannot claim on their behalf, every node is an independent contract.
The simplest solution is to drop the strk to the withdrawal address
The /rocketpool v3 will have the greatest tokenomics of any protocol
Stake without $RPL for 7.5% commission, the 6.5% extra goes to nodes who stake $RPL.
Only nodes (and NodeSet) stake $RPL so the effect compounds.
If 1/2 are bondless, $RPL stakers's ETH yield ~doubles.
The lovely @sassal.eth had a clip today where he said protocols planning an airdrop should consider dropping to home stakers - people running solo, DVT nodes, or Rocket Pool mini pools.
I'm going to explain why this is a win-win in EV terms.
https://youtu.be/SQvyqKKgbx0?si=XT4T_UfBvaFMfs9q&t=152
I recently had the pleasure of interviewing @kydo and zkbri from /eigenlayer for a Rocket Pool community call to discuss my recent proposal for a Rocket Pool x Eigenlayer integration.
If you missed it, you can listen now at the link below:
https://www.youtube.com/watch?v=Qjg5G8CnIIo
ePBS + multiple concurrent proposers>attester proposer separation
Post stateless clients we can crank the requirements for proposers for fast pre-confirmations but without the centralization pressures from AP separation.
The /rocketpool IMC has been working with partners to boost $rETH liquidity on @base.base.eth.
Bribes on aura have gone up dramatically.
Bring on the users 🤘
The /rocketpool team has grown today!
There are now 9 members, like the 9 members of the fellowship of the ring.
Thomas is joining on at a very exciting time for Rocket Pool as it evaluates large tokenomics changes, new bonding schemes, integrations with other protocols, and more.
Good luck!
The /rocketpool DAO has sourced ideas on how to reform the $RPL tokenomics.
This is a must-read if you’re into liquid staking.
-direct fee capture with $RPL #realyield
-0 RPL node operation (what @polynya always asked for)
-sublinear bond
https://dao.rocketpool.net/t/rapid-research-review-next-steps/2709
