Rocket Pool Community Advocate, former pDAO treasurer, shared oDAO vote, $DIVA delegate, new account. Is your LST safe? Medical School / Philosophy / Research
The greatest partnership in restaking is about to be born.
Rocket Pool x
@Eigenlayer
The biggest union of node operators and the biggest marketplace for security, united...with no added risk to $rETH.
My essay on why this is THE endgame explained.
1/31
Once upon a time, I wrote about the
@Rocket_Pool
layer zero bull case.
Rocket Pool has a bonafide army of node operators with huge capital at stake - the perfect partner to turn
@eigenlayer
into a decentralized powerhouse.
Time to bring yield to decentralization, a thread 👇
Okay, this chart has bothered me deeply. At first glance it makes you think nearly 2/3 of Ethereum is run by AWS.
This is false! Let me break down what this chart ACTUALLY shows. CC:
@0xMert_
Hint: Ethereum is incredibly decentralized
The Year of
@Rocket_Pool
Two Major Upgrades
🏛️Houston🏭 + 🚀Saturn 🪐
-complete architecture redesign
-10x scalability increase
-on chain governance
-birth of RP L2s
-LEB8 --> bonding curve, as low as 1.x ETH
@Rocket_Pool
roadmap for making permissionlessness scale
1/30
Did you know that a
@Rocket_Pool
tokenomics overhaul is currently being voted on?
There are 4(!!) major votes to be decided.
13% $RPL APR??
Inflation allocation, grants committee membership, reward AND collateral system - all being voted on.
Let's dive in.
⚖️
Rocket Pool twitter account is STILL compromised.
Twitter is dogshit. The Rocket Pool devs have graciously offered up chats so that people see how bad the situation is.
Wow...
Rocket Pool has thousands of validators so this isn't that surprising but...
the *FIRST EVER* blob posted to Ethereum was done by a Rocket Pool node operator hosted on
@Allnodes
.
Tremendous moment cemented in Ethereum history forever.
I believe
@VitalikButerin
just gave
@Rocket_Pool
a massive vote of confidence in his latest article
“Should Ethereum be okay with enshrining more things in the protocol?”
He touches on zkevm, account abstraction, PBS, and liquid staking.
Let’s talk about what he says 👇🏾👇🏾
I just deposited $rETH on
@base
into the
@Balancer
$rETH pool and staked it in
@AuraFinance
for 13% APR!! How much did it cost me for all three txs?
$0.0014 🤯🤯
FUTURE IS NOW.
Gz
@jessepollak
and all the core devs.
You can claim solana is faster or cheaper but to claim that it is more censorship-resistant than Ethereum is laughable.
Tornado cash was sanctioned by the most powerful gov on earth and you can still get a tx through in a minute.
As of today, nothing is safer than ETH
ofac put out a notice against tornado cash and immediately after more than 50% of all ethereum blocks were censored, but you think eth is somehow more resistant against nation state attacks than other chains bc someone on the internet told you so, no you are a fucking dumbass
Truly incredible. This team sprung into action faster than anyone else.
I shy away from recommending any white-label Rocket Pool service, but this is incredible from their team.
Further, this reduces Rocket Pool's geth usage to about 1/3.
Important update! 🔊
#Allnodes
has fully transitioned to
#Besu
. No single
#Ethereum
validator of our 23895 is on
#Geth
anymore. Here comes a new era of innovation and stability for our
#staking
and validators node hosting services.
Stake $ETH here:
If geth were to have a bug right now you can mark down both $stETH and $cbETH by 80%.
Both have signaled intent to change this, but right now facts are facts and a chain split would devastate
@LidoFinance
who currently runs roughly 80% geth
Fun fact: you can be worried about Ethereum’s credible neutrality on ✨multiple different fronts✨
Is lido dominance a worry? Yes!
Are builders getting more centralized? Yes!
Is PoS vulnerable to timing games? Yes!
Is most MEV toxic to extract? Yes!
Is an institutional…
I'm back.
New PFP for a new era. Rugged by musk and it's time for a rebuild. Let's talk about the future of Jasper,
@Rocket_Pool
, medicine and Ethereum.
Shout out to the
@EthfinanceR
homies who dealt with my rants while I was away.
1/23
It boils my blood that
@LidoFinance
thinks fit to go against one of the founding lido principles set forward by
@paradigm
.
Governance is and always has been the existential risk that Lido presents. Dual governance is a bandaid solution, not any kind of permanent one and is very…
@0xMert_
i) you're smart
ii) correct, i don't think this dunk will hold true in a few months time but blob size will increase and so it's not clear to me. it does hold true now though.
iii) I just did a swap on jupiter. it cost 0.000077441 SOL or $0.01316497, more than all 3 txs I…
This dude has shilled
-ethena stable based on centralized exchange perpetual swaps in a format that is only profitable in bull markets
-blast which is a 3/5 msig with no associated contract built around ponzi games
-celebrates lido dominating ethereum as a former lead.
Scum
Do you hear the rumbling of rocket engines? We stand today on the precipice of
@Rocket_Pool
greatness
The Roadmap Article
-🏛️Houston🏭 + 🚀Saturn 🪐
- fully on-chain gov
-independent ETH/RPL staking
-1 ETH bond???
Celebrating 2 years live :)
1/ 19
Today is our 2nd mainnet birthday :) So we've decided to release a whopper of a Medium article detailing our growth and next big upgrade called Houston. We've also included some road map sneak peeks if that's not enough for you -
Vitalik Buterin just wrote an essay with the quote:
“…and
@Rocket_Pool
’s *existing* $rETH would become risk free.”
Let that sink in.
A few changes to Ethereum and we have a truly safe LST.
Reduce max slash, increase max effective balance, increase ejection balance, eip-7002.
Should Rocket Pool do a retroactive airdrop of RPL to the hundreds of node operators running Besu and Nethermind that were affected by the recent outages?
We can make minority staking +EV.
Rocket Pool 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
@NodeOperators
) stake $RPL so the effects compound.
If 1/2 are bondless, $RPL stakers's ETH yield ~doubles
You may have heard that ~10% of Ethereum validators went offline today.
Thanks to the
@Rescue_Node
funded by Rocket Pool (twitter still compromised), over 3,000 validators were protected.
Hundreds of node operators using public goods within Rocket Pool's ecosystem (sorry Gary)
If you staked 32 ETH you would've gotten 1800 $STRK.
If you instead launched 2 Rocket Pool 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.
Breaking news for Rocket Pool: by
@langerstwit
:
Houston upgrade will be May 6th including fully on chain voting and much better support for institutional staking partnerships.
Who dun it?
$RPL is currently undergoing a massive short-sell attack across numerous markets.
Shorters are paying up to 400% APR!
Makings of a short squeeze? Should you be worried?
Not financial advice, but let's take a look at what's going on...
1/25
If you think crypto is dead go look at the
@Rocket_Pool
discord whenever the market moves.
Hundreds of us chatting.
Thousands of node operators.
One community dedicated to decentralizing Ethereum.
Okay, this chart has bothered me deeply. At first glance it makes you think nearly 2/3 of Ethereum is run by AWS.
This is false! Let me break down what this chart ACTUALLY shows. CC:
@0xMert_
Hint: Ethereum is incredibly decentralized
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.
The entire section…
Shout out to
@Consensys
for defending your right to use
@Rocket_Pool
and
@LidoFinance
This is a court case for all of DeFi.
We are in your service Mr. Lubin, go get 'em.
drop all your bullshit outcry against bankless and pay attention.
The network’s safety was just traded away by one of the largest and oldest lido node operators
P2P org announces that it will call getHeader later in the slot, trading off chain stability against more MEV profits.
This is exactly the centralizing behavior that we shouldn't tolerate, as long as we, as users, have the choice about where to stake our assets.
1/2
pls stop mistaking me for a spokesperson for Rocket Pool lol
I dont work for Rocket Pool
I simply like the dApp and the people (and trust me, a ton of them don't like me lol)
it's a network full of thousands of voices
(but it's permissionless so u can't get rid of me 🫵😂)
Rocket Pool alone has more node operators than every other LST combined.
More node operators than Solana has.
Node operators in every inhabited continent.
There's no question who
@eigenlayer
should have in its node operator set.
With over 3,000 node operators and no foundation-based delegation,
@Rocket_Pool
is a more decentralized protocol than almost any L1.
All this decentralized trust plus >$2 billion in locked economic security.
Technical, capitalized, aligned.
All that's missing is a marketplace.
I will be attending
@EthereumDenver
- my first conference ever!
Please come say hi - I would love to talk about anything staking, restaking, life, and more!
Also, don't miss Rocket Pool's event; workshops, lectures, panels -- it's going to be packed!
The most decentralized, robust, secure liquid staking token is $rETH and now it is worth $2 billion.
With new tokenomics and EIP-7002 - this will soon be $20b.
On long time horizons, security is the greatest return on investment.
Don't blow up this bull market.
$rETH
You could be mad about the 400 mil paradigm backed ponzi with a fake 3/5 multisig or the fact that builders are growing in dominance and censorship capabilities on the network but instead you choose…
*checks notes*
To go after a media DAO looking to get paid for doing media🤦♂️
Can someone connect me to a
@Starknet
teammate?
Many Rocket Pool stakers qualified to claim but the claim 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
"Running nodes is a very, very serious job and should not be made as accessible as possible"
Except we have thousands of node operators staking at home on Rocket Pool, not even considering ethereum at large.
Rocket Pool is more decentralized than Solana.
Do we need another…
You ready for this?
Ok
Ethereum has clearly shown that lower hardware requirements don't directly map to decentralization
You can run nodes at home, but everyone runs them on AWS
You can stake at home, but everyone uses CB or Lido
You can run multiple clients, but everyone…
The Rocket Pool Saturn upgrade is designed around 'megapools'
MaxEB is like the cherry on top of a sundae for Rocket Pool.
With consolidations in-protocol, Rocket Pool validators could migrate to sublinear bonding, ETH-only mini pools, and cheaper fees without exiting!
If there is a bug in geth then all that peacocking about 'professional node operators' and the value of a 'highly curated permissioned set' will go out the fucking window as $stETH and $cbETH go LITERALLY to 0.
$rETH would survive, perhaps alone.
Too much hate on the feed today.
Here are some of my “twitter rivals” that I deeply respect and what I admire about them.
Ultimately it’s defi Vs Cefi.
@sachayve
is incredibly informed about the space and I believe they genuinely want to see the most decentralized version…
The rotation for
#dencun
has begun with all eyes on the rollups.
But don't sleep on EIP-4788 beacon state root.
This will enable Rocket Pool to release the Houston upgrade and parter with major institutions looking to provide large amounts of ETH.
$rETH supply about to 🚀🚀
There needs to be an
@l2beat
for LSTs
I see >30 different protocols on
@DefiLlama
, but what differentiates them all?
We need better educational tools.
The lovely
@sassal0x
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.
For clarification:
Rocket Pool had 2FA - not mobile but app based
A strong password
Was not sim swapped
It appears to be a novel attack or an insider.
This has no bearing on the smart contracts safety and any suggestion of such is salty misinformation.
Most people here probably don't remember but in '21 when ETH broke 2k it pretty much went straight to 4k. There was one pullback from 2400 to 2100 but then it was Up Only.
Imajin
All roads lead to
@Rocket_Pool
No VC bag holders to dump on you
Most engaged community in Ethereum
Core to the success of Ethereum
Thousands upon thousands of node operators distributed globally
A complete protocol revamp coming in 2024
Ok ethereum is giga sending
So obviously apes are gonna try to long Lido and get fucked for the 50th time
Then they’ll try Fxs once lido doesn’t work.
And when that FXS long fails, they’re going to by my 🦋 bags well over $300.
I'm proud to offer this
@poapxyz
to acknowledge
@coinbase
's response to
@iamDCinvestor
's concerns over Ethereum Execution Client diversity, and his suggestion that Coinbase will continue to support Ethereum's progress.
Ok Ok we heard u loud & clear.
The
@AaveChan
is switching to minority EL clients for all our ETH nodes (nethermind with
@Rocket_Pool
in picture)
We'll do this as well for our Aave DAO's Frontier program.
We can't be diversity maxi without putting our money where our mouth is.
Did you know…
🚀
@Rocket_Pool
has 3,200 registered global nodes, rivaling Solana
💰but RP has 6x the TVL!! ($1.8 BILLION Vs $336 million)
Not to mention lower inflation, lower hardware costs, and 1/22 the MCAP.
"From an economic standpoint, we are exploring the possibility of directly incentivizing individual stakers through a rewards sharing scheme. Consider, for instance, allocating a certain percentage (x%) of all rewards processed through EigenLayer to solo validators."
👀👀👀
The
@Rocket_Pool
network just crossed 10 MILLION $RPL staked, out of a supply of roughly 19M.
Congrats! Even in the bear market the only fully decentralized and permissionless network continues to grow.
@0xfoobar
The cost of being on a broken minority client are tiny. It’s way better to be on a minority client that might miss you a day’s rewards than be in a supermajority that loses half the crypto you own.
Every time a minority client breaks and doesn’t cause the entire chain to…
Reminder that banteg is a lido OG who literally launched the contracts.
Reminder that Vitalik just suggested RP is our best chance to beat lido dom.
Reminder that the coming
@Rocket_Pool
upgrades will improve scalability 10x while Atlas was only a 2x.
I was raised in New Jersey.
I study medicine in New Jersey.
I hold $rETH in New Jersey.
However, because of
@GaryGensler
I would not be able to use
@coinbase
to stake new ETH in New Jersey, forcing me to use alternatives.
Thankful for
@Rocket_Pool
, long decentralization.
That's amazing! That means roughly half of all blocks are produced WITHOUT cloud providers.
Go Ethereum!
Also pretty funny that we have 11.5k nodes, number of blocks in 48 hrs roughly
IT’S STILL COMPROMISED
Yes the
@Rocket_Pool
twitter is STILL compromised.
Please do not engage and continue to spread awareness as twitter support slowly gets its shit together.
"through one or more trusted staking providers, which may include an affiliate of the Sponsor (“Staking Providers”)"
👀👀
What decentralized Staking Provider has the closest ties with
@coinbase
again? 🚀
According to the Registration Statement, the Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers, which may include an affiliate of the Sponsor (“Staking Providers”)
The teams have been connected.
All you need to know is that running a node with Rocket Pool just got you access to one of the leading ZK ecosystems.
An incredible amount has been built on Starknet/starkex and I look forward to the future!
RP NOs make good gov reps.
Can someone connect me to a
@Starknet
teammate?
Many Rocket Pool stakers qualified to claim but the claim 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
Tonight I will release my essay on how Rocket Pool can integrate
@Eigenlayer
and together they can provide a power unrivaled.
Rocket pool brings the nodes, eigenlayer is the market.
Catch me presenting this topic at
@EthereumDenver
!
Hybrid Theory
Stop please.
We all know you’re wrong. Stop this dangerous charade.
Your article literally doesn’t include correlated slashing or quadratic scaling of leaks.
We have core devs everywhere saying there will be no bailout.
It actually will burn huge amounts of ETH.
Stop.
With today's market moves,
@Rocket_Pool
has crossed $3 billion in TVL on
@DefiLlama
🎇🎇
All that and 2 mega protocol upgrades coming in 2024, not including the potential
@eigenlayer
integration nor the potential tokenomics overhaul.
EVERY protocol on Ethereum should recognize and reward people staking ETH from home, whether they are solo stakers or DVT squad stakers.
If you want Ethereum to succeed and become the next world computer, you have to support the backbone of its decentralization.
#stakefromhome
@0xfoobar
You got called out multiple times for being wrong on a topic, refused to accept you were wrong, made fun of the people correcting you, and then deleted all of your tweets (and blocked a few people)
Just take the L instead of cope-posting like this
@CantelopePeel
@nextalphaa
It takes solana alone rugging delegations to censor the chain.
You would have to coordinate every CEX, all the Lido node ops, and still find more ETH to hit 66%. Plus after 7002, you can’t even use the lido stake because they would be force exited by the DAO.
So how exactly…
This is pretty embarrassing ngl.
Rocket Pool DAO is currently voting on whether or not to strip ~33% of nodes (those that are under collateralized) from voting or not.
All nodes should be able to participate, they paid their entry fee, let’s not disenfranchise them.
You know,
@arbitrum
doesn’t get enough credit for building out the most decentralized L2 today.
Their focus on tech rather than networking is largely why I still have my arb but not my op.
I won't give this user the satisfaction of clicks and likes but this is one of the worst and *DANGEROUS* takes on crypto twitter.
Client diversity is NOT about altruism. If you're a dirty capitalist it is in your economic best interest to not lose all your ETH in a geth bug.
Here’s a template you can use:
Subject: Concerns Regarding Inaccuracy in Your Recent Article on Crypto and Terrorist Funding
Dear WSJ Standards and Ethics Team,
I hope this message finds you well. I am writing to express my deep concerns about the accuracy of a recent article…
Fantastic news!
The ACDs have selected EIP-7002 as a priority for the Petra hardfork.
For Rocket Pool, this will enable a whole era of innovation including Sublinear bonding- 10x on capital efficiency - while increasing security for $rETH
Learn more in my pinned thread.
Quick updates from ACDC
#126
:
- Devs agreed to prioritize EIP 6110 (Supply validator deposits on chain), EIP 7002 (Execution layer triggerable exits), and EIP 7549 (Move committee index outside attestation) in Electra.
- They also agreed to remove EIP 6914 (Reuse validator…
I've got a new essay soon ™️ about
@eigenlayer
x Rocket Pool.
In anticipation, I will be reflecting on an essay from 2 years ago on them.
The Rocket Pool Layer Zero Bull Case Revisited
"However bullish you are on Rocket Pool, you are wrong. You are insufficiently bullish."
Crypto right now is a flaming hot ball of money passing from eco to eco retroactively validating narratives and whenever the Overton window passes over a tribe they celebrate it as a birth right, cursing and berating whomever the mercurial fire sends to the moon next.
Who is Jasper the Friendly Ghost 👻?
I share a lot about
@Rocket_Pool
straight from the heart, so here's the heartfelt story of Jasper. My views and stories do not represent the official stance of either
@Rocket_Pool
the DAO or Rocket Pool the company.
My Ethereum journey…
There's a common trope that home stakers are naive or irrational and that they should be doing other things with their ETH.
This is misguided/wrong/dangerous.
On a risk adjusted return basis, home staking your ETH should be a core component of a long term portfolio. The…
The
@Rocket_Pool
network has just surpassed 25,000 validators 🎊🎉🚀
This makes it the 6th largest staking entity on Ethereum ahead of centralized titans like
@krakenfx
@okx
@BitcoinSuisseAG
and more.
With nearly 3200 node operators too, it’s decentralized and distributed 💪🏾
This has been a week of major moments for me:
-my first ever conference at
@EthereumDenver
where I featured on panels/talks
-meeting Rocket Poolers I've known for years
-being astonished by the many people who recognized and have read my writing
...and now a new $BTC ATH :)
4/5 In principle, I would like to see more execution client diversity as well. Forcing/or choosing validator services solely for the purpose of client diversity may actually hurt your staking rewards due to downtime, and bug like we experienced with Nethermind.
Time for an important
@Rocket_Pool
governance digest update!
Lots to discuss regarding tokenomics and votes for you to participate in!!
Please make your voice heard.
In fact, from this data, we can actually figure out how many blocks were produced by home stakers.
In 48 hours there are roughly 11,500 blocks (1 block every 15 seconds)
If we look at the above chart and add up it all up we only see just about 6,000 blocks.
That leaves 5500…