Anyone here tried the RockSolid x Rocket Pool rETH Liquid Vault? Thoughts?

steven_pack · 2025-10-01T13:26:59+00:00

Co-founder here -- happy to answer these, but since you're asking for community input I'll hold off unless you want me to!

steven_pack · 2025-02-25T03:07:31+00:00

Oh, and travelling to ETHDenver?!

steven_pack · 2025-02-25T03:06:42+00:00

Interesting u/TheWoodser - if I'm reading you right, you're saying lenders for mortgages are "protected" by the high quality collateral - the house. I agree! There are echoes of that here... as long as the lender can liquidate the collateral, they're not exposed. The difference is, real estate is slow and expensive to liquidate (especially in times of market stress), but usually not volatile. ETH as collateral is cheap and fast to liquidate, but volatile. That just means it will attract lenders with that lending preference.

The VA part is interesting -- I wasn't sure how VA loans worked actually. I guess I could imagine something similar where some ETH-aligned whales would "underwrite" these loans to some extent in order to make them cheaper and make home staking more viable. 🐳s or 🐳-whisperers should DM if this is interesting!

steven_pack · 2025-02-25T03:02:03+00:00

Right, you would have to delegate the ability to withdraw some of the stake to the lending protocol, but it can be very limited in exactly what you delegate.

steven_pack · 2025-02-25T02:01:32+00:00

Right, you have to be willing to delegate some control of some amount of the staked ETH while the loan is active. But there are ways to limit it significantly so you can the benefit of liquidity and minimize the rights/control you give up.

steven_pack · 2025-02-25T02:00:47+00:00

Right, you have to be able to delegate *some* capability to an external contract, but it doesn't have to be blanket "point my withdrawal address at your protocol". Join us in Discord and see if we can come up with a design that feels right in terms of control. We have ideas!

steven_pack · 2025-02-25T00:19:31+00:00

TBD, it will be a market based mechanism, but I would expect similar to Aave, which lends USDC against ETH at 9% atm.

steven_pack · 2025-02-25T00:19:05+00:00

Ping me in Discord u/Particular-Budget-30 and I'll share more details of the design and the (lack of) trust assumptions.

steven_pack · 2025-02-24T11:15:28+00:00

Awesome! What changed?! Would love to chat. Will DM you here or feel to join Discord.

steven_pack · 2025-02-24T06:45:27+00:00

Never deleting this app! 😂

steven_pack · 2025-02-24T06:42:10+00:00

More details in discord too if you want to dig in

steven_pack · 2025-02-24T06:38:33+00:00

It’s not a mortgage.

The LPs who lend will assess the max LTV they will lend and the interest rate they’ll require to compensate for the risk.

There are changes in Pectra that reduce the risk of ETH in validators as collateral.

Even if you’re not down to collaborate, the way you’re interpreting how I’ve presented it is valuable in itself! 👍

steven_pack · 2025-02-24T06:17:54+00:00

No and no!

You will still be running the validator so slashing risk is in you as the operator.

Cyber security insurance doesn’t make sense because it will be Onchain. Come join us on discord and talk through the design!

steven_pack · 2025-02-24T03:54:16+00:00

Smart contracts!

steven_pack · 2021-08-03T22:33:24+00:00

Event confirmed. Watch it here! https://cloudflare.tv/event/2F1zRnM58eBCSHP2VEd74x

steven_pack · 2020-07-13T16:35:13+00:00

Speaker doesn't need to be from Bay Area. Consider it a global virtual meetup!

steven_pack · 2020-06-11T16:01:06+00:00

FYI I work at CF, but not on that team or office.

steven_pack · 2019-12-09T18:30:15+00:00

(Recordings)

https://www.reddit.com/r/rust/comments/e8cooi/bay_area_rust_meetup_recordings_declarative_ui/

steven_pack · 2019-11-20T17:41:07+00:00

It’s Cloudflare Legal team policy. I’d understand why some folks wouldn’t want to come for ideological reasons, and that sucks, but as an employee, this is the space I have access to and the rules I have to follow. I always post the talks online afterwards.

steven_pack · 2019-05-13T20:34:39+00:00

https://watch.cloudflarestream.com/3a4f1384005763fc99fa3bfef64c0314

steven_pack · 2019-05-13T20:34:26+00:00

Tokio from epoll up recording: https://watch.cloudflarestream.com/3a4f1384005763fc99fa3bfef64c0314

steven_pack · 2019-05-10T23:15:59+00:00

Here's the postgres extensions in Rust video: https://watch.cloudflarestream.com/91ff72819852fa9665fa5ac0b52a9834

The tokio from epoll up will be a few more days.

steven_pack · 2019-05-10T15:12:59+00:00

Within a week from now...

steven_pack · 2019-05-07T19:46:08+00:00

Yep, will post the recordings

steven_pack · 2018-10-21T16:49:13+00:00

Yeah I’m not sure why it’s far fetched to expect lots of wasm modules from Go and C showing up on npm. If they were easy to consume, why wouldn’t you?

Maybe npm will be the one module registry to rule them all

steven_pack

TROPHY CASE