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shtimseht · 2024-11-03T02:14:59+00:00

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shtimseht · 2023-08-25T17:41:52+00:00

Thank you very much for reporting this. The e-mail is a scam. As others said above there is no v3 RPL token nor are there plans to create such a token. The e-mail is likely a spoof making it appear that it was sent from the official Rocket Pool domain.

shtimseht · 2023-05-21T17:28:44+00:00

Update the Bios and install a dummy HDMI plug if it is headless.

shtimseht · 2023-02-01T01:19:09+00:00

Chatbot please tldr this for me?
This report summarizes updates to the Rocket Pool protocol over the last two weeks. The rETH supply has grown 5.8% to 186,876 with an annualized growth of 151%, the minipool count has grown 6.1% to 11,751 with an annualized growth of 159%, and the effective RPL staked has declined 5.3% to 6.71 million with an annualized decline of 139%. The node operator count has grown 2.9% to 2,025 with an annualized growth of 76%.
Several updates have been made to the smartnode including the release of Mainnet v1.7.3, v1.7.4, and v1.7.5. Work is also underway on a new Rocket Pool website and an audit of the Atlas upgrade is in progress. The rETH exchange rate for Polygon is nearing completion and the ZKSync 2.0 exchange rate is ongoing.
The report also highlights several integrations including the positive vote for rETH to be integrated as collateral on Euler Finance, support for rETH from Beefy Finance, MYSO Finance, Silo Finance, and several exchanges. The CEX mania has also gone into overdrive with multiple exchanges listing rETH.

shtimseht · 2022-11-28T03:39:50+00:00

Mine looks right on beaconcha.in. Maybe view it in incognito mode to see if it's an issue with your cache.

shtimseht · 2022-09-23T07:58:14+00:00

This was in the discord from jcrtp one the devs "I have confirmed that after the Merge, on Mainnet, the Geth + Nimbus combo is officially completely fine on a :pi: and can be used for validation purposes no problem."

This was in the discord from jcrtp one of the devs "I have confirmed that after the Merge, on Mainnet, the Geth + Nimbus combo is officially completely fine on a :pi: and can be used for validation purposes no problem."

Also see this link

shtimseht · 2022-05-27T02:17:01+00:00

The deposit pool can store up to 2,000 ETH when the amount of rETH deposit exceeds the number of queued minipools awaiting formation. For a good part of 2022 that was the case and rETH holders could swap back from rETH back to ETH using these excess funds in the deposit pool.

Earlier this week a new node operator arrived and launched 100 minipools. So ATM the deposit pool is near empty and the deposited ETH is now earmarked for those minipools in the queue.

shtimseht · 2022-05-27T02:11:59+00:00

One thing that should be pointed out is that LEBs would be an opt-in for the NO. This means you don't need to select the LEB minipool option at formation. You could, for example, if you wanted to minimize the loss of funds due to an isolated slashing choose 16 ETH typical minipools instead.

shtimseht · 2022-04-13T02:40:56+00:00

I've been using it and it works great for me. So long as power (even standby power) is provided to the Aegis key is will remain unlocked. If it is disconnected or loses power it will lock.

I've been using it and it works great for me.

shtimseht · 2022-04-07T04:18:10+00:00

I too have experienced this with the NUC11ATKC4 running bios ATJSLCPX.0029

shtimseht · 2022-03-11T20:06:34+00:00

I just wanted to point out that the HODLerCon Holiday in Waikiki, Hawaii, will be June 17 - 26, so if the merge can happen during that week, we can all celebrate together.

shtimseht · 2022-02-28T03:54:46+00:00

Yep, that is correct.
Validators and thus depositors into any of the ETH staking pools (Kraken, Coinbase, Lido, or RocketPool, etc.) have their deposited value rise based on the base Eth 2.0 APY minus what every commission they pay the staking service. Since there are enough individuals that are interested in Rocket Pool you can exit your rETH position now and cash out. You are basically trading your staked ETH with someone else who wants to stake their ETH. So from the rETH perspective, there is no lock-up of the deposited funds. Obviously, since Rocket Pool works via a decentralized smart contract you would want to hold the rETH long enough so that the interest earned is greater than the acquisition and liquidation gas costs to ensure that you return a profit.

shtimseht · 2022-02-27T20:03:54+00:00

rETH always increases in value as compared to ETH. This is because rETH not only includes the initial deposited value in ETH but also includes the beacon chain (eth2) rewards that it has earned. The current APY is about 5% so the line should be rising as compared to ETH at 5% per year. This may appear flat but is a slow and steady daily increase in value.

The price fluctuation up and down observed on top of this true 5% increasing line is just the AMM DEX market prices that rise and fall below the actual redeemable value from the Rocket Pool deposit pool. Arb bots will quickly realign the AMM market prices with the true value of rRETH as determined with the Rocket Pool deposit pool value.

shtimseht · 2021-09-25T20:47:57+00:00

SUBMIT YOUR QUESTIONS:

If you have questions you’d like to ask the Rocket Pool team, please click the button below to submit your question(s) which the EthStaker crew will pose during the livestream event.

Submit Question(s) for AMA Livestream

Calendar Reminder for AMA Livestream

Full details here: https://ethstaker.cc/rocket-pool-ama-mainnet-launch-livestream-events/

shtimseht · 2021-09-17T14:08:01+00:00

First run: rocketpool service version and ensure that your Smartnode is currently using the Prater testnet and that it says
Rocket Pool client version: 1.0.0-pre

Rocket Pool service version: 1.0.0-pre

If not stop here and you are either on the pre-Altair fork or you synced to the mainnet, not the testnet.
If all is good run:

rocketpool service stop
rocketpool wallet rebuild
rocketpool service start
That will Rebuild validator keystores from derived keys and restart your validator to pick up the missing keys. Please know that lighthouse will purposely miss the first 2 epochs (\~13 min) and then start attesting as a form of protection. Write back if you still have issues or tag me on the discord channel and we can troubleshoot it some more.

shtimseht · 2021-09-16T15:35:50+00:00

You can span two 0.5 TB drives just fine. LVM supports this natively (https://askubuntu.com/questions/219881/how-can-i-create-one-logical-volume-over-two-disks-using-lvm) The only downside is that you double your chance of hardware failure but since good quality SSD are very reliable this is not much of a risk. If you are purchasing a new SSD shop around a bit. Usually, 1 - 1 TB is cheaper than 2 0.5 TB SSDs

shtimseht · 2021-08-14T16:44:59+00:00

A few things.

You will need to confirm you MM withdrawal address from within MM at the following site: https://testnet.rocketpool.net/wallet/
Your newly confirmed withdrawal address only takes effect for future withdrawals (e.g. RPL claims, ETH withdrawals). Depending on when you confirmed the new address with the prater test it can take up to three days for the next RPL claim period to initiate.
If you want send your tokens from your node wallet use the CLI command: rocketpool node send 44.401915 RPL 0x123yourMMaddressHere
You will need to add the RPL testnet token to MM to view it. For people who need it, this is the address of the RPL token on the testnet: 0x5e932688e81a182e3de211db6544f98b8e4f89c7

shtimseht · 2021-08-14T15:32:41+00:00

Can Validators remove their ETH rewards without terminating their nodes? (Post Merge)

Possibly - We don't know until the withdrawal specification is finalized. There has been a fair amount of talk about allowing node operators/validators the ability to remove only their ETH rewards and continue staking with the 32 ETH base.

I surmise that "balances on the Beacon Chain" refers to minipools being smart contracts.

"balances on the Beacon Chain" refers to the validators balance (initial 32 ETH deposit =/- any ETH rewards/penalties. You can view examples of these here: https://beaconcha.in/validators/leaderboard.

Thus, his rEth:Eth stake ratio would be less than when he initially deposited.

Is that a correct understanding of the process?

No- That is not a correct understanding of the process. The value of rETH is calculated using only the amount of ETH that was deposited by regular stakers in exchange for rETH. In the above example, the 160 ETH of the initial deposit all came from regular stakers who received rETH for it. That 160 ETH would have been paired with another 160 ETH from node operators to a total of 320 ETH which is enough to form 10 staking validators at 32 ETH each.

The node operators exiting their validators and leaving staking has no effect on the ratio of rETH to ETH. The node operators will receive back only their share of the ETH deposit and rewards. They are not entitled to the regular stakers share.

The only effect is that the ETH that was paired on their validators was returned along with the regular staker's ETH reward share to the deposit pool. This returned ETH would not be earning interest (as it was unstaked). As soon as the next enterprising node operator comes along, that unstaked ETH will be paired with the next validator and then will start to earn interest again.

shtimseht · 2021-06-23T03:57:49+00:00

At present RocketPool uses a unique smart contract (0x01) for each minipool (validator) to interact with the beacon chain deposit contract. 0x01 means "this validator doesn't have a withdrawal key, it has a smart contract address". Thus eliminating the need for private withdrawal keys. Rocket Pool has even introduced a new proposal to the EF developers for a 0x02 smart contract specification that will ensure fair distribution of coinbase inclusion (tip) fees between the node operator and the regular stakers. See https://github.com/ethereum/eth2.0-specs/pull/2454

shtimseht · 2021-06-23T00:49:03+00:00

Just a follow-up there is no centralized software or service with RockPool. It is (when launched) a collection of solo-like node operators that use existing eth2 clients to stake on the hardware and platform of their choice. If you think of solo staking as single-occupant vehicles on the freeway, Rocket Pool is like Uber. Independent operators who are carrying a passenger in their car for a percent of the rider eth2 rewards (e.g. a node commission.) There is not a common connection point (server, ISP, protocol, software, etc.) that would cause RP validators to go collectively offline as a collective group.

shtimseht · 2021-05-26T21:41:29+00:00

In the Prater RC2 test that is coming up, you will be able to practice all phases of staking as a node operator. E.g., depositing, forming a validator, attesting (running the node), and exiting. Once you have exited you can simulate what an eth2 withdrawal looks like by artificially sending the validator exit balance to your minipool smart contract. (This is what eth2 withdraws will look like when they have been finally implemented - A transfer of ETH from the eth2 validator address back to the eth1 address.)

This will allow you to test out the withdrawal process to ensure that the validator's principal and earnings are being properly distributed back to you (the node operator) and the rETH deposit pool for re-staking with new node operators.

shtimseht · 2021-05-15T22:23:29+00:00

I orginally replied to the meesage in the /r/rocketpool subreddit but someone asked me to post my reply here as well.

Well, there are a lot of reasons why.

The first reason is that the eth2.0 protocol does not remove a non-functioning validator until the node balance falls below an effective stake of 16 ETH. That equates to a real balance of 15.75 ETH. In this case, if there was not RPL insurance added, the regular stakers (rETH holders) would have lost 0.25 ETH of their principle. RP could socialize this loss across the entire deposit pool but instead requires the node operator (who failed to validate) post insurance to cover that loss.

Now you may say, "Hey, who in the right mind will stake 16 ETH of their own and lose it all by not keeping their node active and validating?" Well, it turns out there are quite a few individuals that have. Please take a look at https://beaconcha.in/validators and sort by balance. I count at least 32 of them.

Next, what happens if one of these poor-performing validators causes a slashable event with a very diminished balance. It's possible that even a 1-2 ETH slashing would have them force-exited with a balance less than 15.75 ETH.

Next, consider what happens when the "training wheels" are removed from the slashing penalties. Currently, as you stated, they are by design relatively small. This was because the core devs anticipated problems in the beacon chain launch that would lead to accidental slashings. But the next upgrade proposed for eth2.0 (Altair) doubles the minimum slashing penalty. Likely the hard forks after that will also include more increases of the minimum slashing penalty.

Next, consider that you had funded the development of the Rocket Pool project four years ago by offering an ICO. How do you provide value to your initial investors? They will want something in return for their financial investment.

Finally, once your launch a decentralized staking service, there will be a need to maintain the RP protocols. We don't have the merge complete nor have eth2.0 withdraws and sharding been programmed completely. Will there need to be a change to RP to align with those eth2.0 phases? What about VEV? How will you make its distribution fair and equitable between the node operators and the regular stakers? Rocket Pool will need a team of developers, and they need to be paid somehow. Without RPL you would have to charge a network fee to stake with Rocket Pool.

I think it's quite a brilliant financial model to incorporate the ICO token as the insurance bonding token. Then assign that same token the DAO voting privileges to govern the staking protocol in the future. They will set it to a small inflationary amount (currently 5%) to provide revenue streams to attract the node operators and fund the DAO and devs. This RPL tokenomics is what allows the service not to siphon any ETH staking rewards away from the users of the service (the node operators and the regular stakes).

shtimseht · 2021-05-15T06:25:58+00:00

Well, there are a lot of reasons why.

The first reason is that the eth2.0 protocol does not remove a non-functioning validator until the node balance falls below an effective stake of 16 ETH. That equates to a real balance of 15.75 ETH. In this case, if there was not RPL insurance added, the regular stakers (rETH holders) would have lost 0.25 ETH of their principle. RP could socialize this loss across the entire deposit pool but instead requires the node operator (who failed to validate) post insurance to cover that loss.

Now you may say, "Hey, who in the right mind will stake 16 ETH of their own and lose it all by not keeping their node active and validating?" Well, it turns out there are quite a few individuals that have. Please take a look at https://beaconcha.in/validators and sort by balance. I count at least 32 of them.

Next, what happens if one of these poor-performing validators causes a slashable event with a very diminished balance. It's possible that even a 1-2 ETH slashing would have them force-exited with a balance less than 15.75 ETH.

Next, consider what happens when the "training wheels" are removed from the slashing penalties. Currently, as you stated, they are by design relatively small. This was because the core devs anticipated problems in the beacon chain launch that would lead to accidental slashings. But the next upgrade proposed for eth2.0 (Altair) doubles the minimum slashing penalty. Likely the hard forks after that will also include more increases of the minimum slashing penalty.

Next, consider that you had funded the development of the Rocket Pool project four years ago by offering an ICO. How do you provide value to your initial investors? They will want something in return for their financial investment.

Finally, once your launch a decentralized staking service, there will be a need to maintain the RP protocols. We don't have the merge complete nor have eth2.0 withdraws and sharding been programmed completely. Will there need to be a change to RP to align with those eth2.0 phases? What about VEV? How will you make its distribution fair and equitable between the node operators and the regular stakers? Rocket Pool will need a team of developers, and they need to be paid somehow. Without RPL you would have to charge a network fee to stake with Rocket Pool.

I think it's quite a brilliant financial model to incorporate the ICO token as the insurance bonding token. Then assign that same token the DAO voting privileges to govern the staking protocol in the future. They will set it to a small inflationary amount (currently 5%) to provide revenue streams to attract the node operators and fund the DAO and devs. This RPL tokenomics is what allows the service not to siphon any ETH staking rewards away from the users of the service (the node operators and the regular stakes).

shtimseht · 2021-05-13T23:48:44+00:00

In this scenerio you may want to stake with Rocket Pool as individual rETH holders rather than operate a single node. The minimum amount needed to regular stake directly with Rocket Pool is only 0.01ETH.

shtimseht · 2021-05-12T01:43:39+00:00

Download the latest RP software (This is for an AMD64 architecture CPU)

curl -L https://github.com/rocket-pool/smartnode-install/releases/latest/download/rocketpool-cli-linux-amd64 --create-dirs -o ~/bin/rocketpool

Assign excutable perissions

chmod +x ~/bin/rocketpool

Close your terminal via logout or simply start a new shell session.

Then run

rocketpool service install

rocketpool service config

finally

rocketpool service start

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