In order to keep the application threads clear of discussions (to make it easier for committee members to read and score them), please use this thread for any and all questions and discussions of round 19 period of grant, bounty, and retrospective award applications.
Grants
Rocket Pool Validator Monitoring Integration with EthSeer
I looked at EthSeer and itās very basic. Basically a simple UI for the beacon chain data. Miles behind beaconcha.in functionality. The interface is like the Comics Sans of fonts. Iām very skeptical of their promised ācomprehensive performance metricsā.
Iām guessing they will simply group validators by node operator and thatās it (they already do it for entities like Coinbase). We could fund an MVP for $1-2k and see if we like it first. Otherwise donāt fund it unless we do it as a donation/marketing expense.
Rocketpool AI Assistant
No.
Bounties
RocketArb for closes
Like it. Fund it. Double it or few will take it on.
Rocket Pool Support Payments Dec 2024-May 2025
Didnāt go into details but seems fine. I supported previous applications like this.
STAR Initiative (rETH Incubator)
I like the idea of making this a bit structured and you can only get rewards if you go through the process (to prevent multiple people spamming and embarrassing us).
Overseer getting paid $1000/m to update the sheet a few times per month seems a bit excessive. But if they are an active project manager then it seems fine. If they are excellent then this should be much higher.
Iād bump the rewards. I wouldnāt even bother for $10.
Identify organization + contact - $100
DAO post - $500
Official vote - $2000
Vote passes - n/a (you get the reward from mint)
rETH gets minted - 0.5% of rETH mint
Iād cap the max reward to 100 ETH.
Lottery for rETH holders
$1000 seems cheap to test if this works. Fund it.
3 Likes
Hey @peteris, Iād love to hear further reasons for the āNoā comment for āRocketpool AI Assistantā if possible.
Retro
None
Grant
Rocket Pool Validator Integration for ethseer
$8k LUSD
No, not today. Seems validator performance focused and not rETH or Node Operator investor focused. Entity Profile: rocketpool - Ethereum Staking | EthSeer.io is closet to rETH view, but lacks time horizon and risk views for comparing rETH to other alternatie. Real time view has its use, but investor groups (DAOs, etc) tend to have longer time horizon needs. No data provided on current site engagement to understand current retail audience and how RP fits within strategy to grow that segment. Proposal does not detail out how they will address rETH view, so I assume approach to rETH group remains as it exists today.
Node operator view is also lacking. What information will potential node operators see that will help with their decision? Not defined. Existing node operators have other means to see their performance, how does this benefit them compared to what is already available?
It may be marginal beneficial, but I donāt see that currently. Instead I see a bit of vague handwaving.
This seems more geared towards funding a public good or experimental public good in a space with similar goods rather than a component that is a Rocket Pool focused good. Given budget constraints and other timely needs would not fund at this time. If the proposer where to address specific rETH and Node Operator viewpoints in the future it may be worthwhile to revisit.
Rocketpool AI Assistant (written as Rocketpool by proposer)
$12k (50% RPL, 50% LUSD)
No.
Bounty Hurray, a good period for bounties.
RocketArb for closes
$10k bounty ($9k base, $1k bonus)
Yes, funding for Rocket Pool focused public good that benefits the protocol with a stronger peg.
Rocket Pool Support Payments Dec 2024-May 2025
$35k for 6 months trusted support
Yes. Upfront half a year with payments split between support people after each 3 month period. The quarterly review by GMC seems a necessary for maintaining quality across time.
STAR Initiative (rETH Incubator)
$209k if $40m rETH minted (0.5% per rETH USD, ~$27 per ~$4.3k)
Yes, love it. Of particular note is the care given in design to mitigate spamming other DAOs. That said, not certain about tier payouts and it would be good for GMC to mull that.
Marketing content costs feel rather low. Iād expect iterative change based on engagement and feedback instead of a one off. Tailored packages would also require more work and skill.
$8k for overseerā¦ Iād prefer an engaged active manager rather than an administrator as overseer. $8k, though probably more, for an active manager that has bonuses based on overall project performance would be a good starting point.
Missed opportunity to call it STARship, STAR Atlas, etc.?
(Checkpoint) Lottery for rETH holders
$1k for a tool to make it easy for pDAO to sponsor and execute lotteries
Yes, for only $1k seems like an interesting tool to have in the tool box.
May be helpful to ease RP supply and demand cliffs, and may be useful for Rocket Pool retail awareness campaigns. I worry about flighty capital that this tool may encourage, but still an interesting potential tool. Use of the tool would of course require funding the lottery and awareness campaigns.
2 Likes
Bounties
RocketArb for closes
I wrote it so I unshockingly support it. People complain about this being missing slash ask for it to exist in discord. Thatās pretty rare.
Rocket Pool Support Payments Dec 2024-May 2025
Huge differentiator for RP - yes.
STAR Initiative (rETH Incubator)
Support. I do have some tweaks Iād suggest:
Support minting and buying equally. Doesnāt really matter what the rETH demand looks like, and as good partners we shouldnāt be pushing folks to mint if thereās a discount, eg.- Define tier 5 piecewise. Eg: 0.5% payout up to 2E (the first $1.6M), then 0.1% payout from there. I think thereās value in both amount of demand and also in amount of treasuries that have rETH. If we can make diversifying into rETH (and/or going hard on rETH to make an ethos point) standard operating procedureā¦ thatās super valuable. Ie, Iād be willing to pay more incentives for 40 $1M investments than for 1 $40M investment.
- Pay out tier 5 with a stream (0xsplit, llamapay, etc). If the rETH is sold/burned, GMC can stop the stream.
Lottery for rETH holders
I donāt see any reason to believe this would generate significant demand. Pooltogether has a WETH pool making 8.3% that has attracted under 300 ETH. To put that in perspective, we have a rETH yield around 2.9%, so getting that to 8.3% would require ~2100 ETH per period (rETH_TVL_in_ETH*(apy/13) = 507630.63*((0.083-.029)/13)), which is over 100x the GMC budget per period. Maybe we do a bit better cuz itās ETH instead of the POOL token, but it feels like weāre orders of magnitude away.
Pushing back on @peteris ā itās $1k to develop the infra, but the main cost is funding the lottery itself.
(update 12/26: my numbers above are to get all of rETH to 8.3% which isnāt fair. Itās probably more fair to say something like āhaving this pool attract 1% of rETH TVL would cost 21 ETH per period, which is approximately 110% of the full GMC budgetā or maybe āthis demand multiplier might be around 15x, which is worse than we see in LPs as describe in Discordā)
Retros
None
Grants
Rocket Pool Validator Monitoring Integration with ethseer.io
Itās unclear to me whatās being offered here. Is it just adding the RP label to their existing stuff? If so, it seems like beaconcha.in lite. See https://beaconcha.in/validator/6791 vs https://ethseer.io/validator/6791?network=mainnet. It sounds like maybe the intent is to allow grouping into validator or RP node, so maybe thatās moderately interesting? $8k isnāt a lot, but Iām currently not clear on a unique feature being added or a feature being refined to be better than otherwise available.
Rocketpool AI Assistant
Iām very against AI for things where (a) errors matter a lot and (b) the consumer is not expert enough to check if the answer is good or not. Likeā¦ what if the AI tells someone that the way to burn rETH is by transferring to the rETH contract or something? Big nope.
Also telegram isnāt used by the community.
3 Likes