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Rocket Pool’s Atlas Upgrade

Dan SmithMay 2, 2023 ⋅ 8 min read
  • Rocket Pool implemented its Atlas Upgrade on April 17, improving the decentralization and growth potential of the protocol.
  • With the same capital requirement, LEB8 minipools generate 45% more ETH staking yield than solo stakers and 26% more than LEB16s.
  • Over 4,200 LEB8 minipools have been created since the Atlas upgrade went live, and LEB8s now account for over 30% of Rocket Pool minipools.
  • The Atlas Upgrade optimized the minipool queue by using node operator ETH deposits to create additional yield for rETH holders while a queue exists. A renewed flow of rETH depositors will be a sign the optimized queue can effectively rebalance supply and demand.
  • RPL is up over 120% YTD, outperforming both ETH and its peers.

Rocket Pool launched in September 2021 with a focus on becoming the most decentralized liquid staking provider. The protocol takes a unique approach to liquid staking by pairing ETH from independent node operators with ETH from LST depositors to create Ethereum validators. The Blockworks Research ETH Liquid Staking Primer offers a high-level walkthrough of the protocol’s framework.

The Atlas Upgrade

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Dan Smith

35 Reportssmyyguy

Dan leads the build out of the Analytics product, spending most of his time with onchain data.

Mentioned Assets
Outline
  • The Atlas Upgrade
  • Rocket Pool in the Liquid Staking Sector
  • Final Thoughts
Author
Dan Smith
Dan leads the build out of the Analytics product, spending most of his time with onchain data.
35 Reportssmyyguy
Mentioned Assets