In Brief:
- Rocketpool will become the first decentralized stake protocol over Ethereum 2.0.
- It will roll out on the mainnet in four-phase with different ETH limit
- Special Node will verify and relay over data as a communityÂ
Today, Rocket Pool has announced its launch date for its highly anticipated mainnet release. By enabling the release, Rocket Pool will become the first decentralized stacking protocol for Ethereum.
Rocket Pool will launch to mainnet on the 6th October 2021 at 00:00 UTC. The mainnet staking site will be open to the public from the launch, running from https://stake.rocketpool.net/
Rocket Pool is a community-owned decentralized staking network on Ethereum 2.0. The mainnet rollout will be in Four phases of short to medium length, to ensure progress before it reaches the large user base.
Rocket Pool is a protocol for staking in ETH2 (Ethereum 2.0) with two ways. It aligns users who want to stake without running a node, with those who wish to run their own node and want to earn a high return on their own staked ETH.
According to the article, the rollout of the platform will be complete in four phases based on ‘Mini pool limit’ and ‘Deposit pool Limit’. The total value stacked for the First, Second, and Third stages will be 480 ETH, 1,440 ETH, and 4,320 ETH respectively. Four the Fourth stage of the rollout will have no ‘Mini pool Limit’, but it will have a 5K ETH limit for the deposit pool.
Once the mini pool limit is reached new node operators will not be able to deposit until the next phase. Once the deposit pool has reached its limit, stakers will not be able to swap ETH for rETH until the next phase.
Rocket Pool innovated its own decentralized network of special nodes on the protocol, named Oracle DAO. The members of DAO will be authorized to invite and kick out DAO members. Moreover, these nodes will help to relay data from the beacon chain to their smart contracts on ETH1.
Rocket Poll will be launching with the following Oracle DAO members and others,
- Lighthouse ETH2 Client team
- Nimbus ETH2 Client team
- Prysm ETH2 Client team
- Etherscan/Beaconscan
- Beaconcha.in
- ConsenSys Codefi
- Blockdaemon
- Blockchain Capital
Also Read: Rocket Pool Sees Record $12.3M Redemption of rETH Tokens
Also, Rocket Pool innovated its own decentralized network of special nodes on the protocol, named Oracle DAO. They will be authorized nodes on the network to invite and kick out DAO members. Moreover, these nodes will help to relay data from the beacon chain to their smart contracts on ETH1.
Rocket Pool’s beta version went through many audits from some leading industries such as Sigma Prime, Consensys Diligence, and Trail of Bits. Also, to enhance the security of a network, the company will launch the ‘Bug Bounty program’ on 9th September. If anyone finds a bug in smart contracts, they will be rewarded with a bounty.
