- Name of grant: The rETH Institutional Safety & Reporting Module
- What is the work being proposed?
Kodelab (https://kodelab.io/) proposes developing:
- A reporting engine: translating rETH on-chain events (exchange rate growth, rewards) into real-time UK regulatory filing templates.
- Operational risk controls: implementing automated ‘circuit breakers’ and collateral monitoring frameworks reviewed under live regulatory supervision.
- Wind-down logic: creating a pre-programmed, vetted ‘exit’ procedure for institutional participants - a mandatory requirement for most institutions.
3. Is there any related work this builds off of?
This project builds directly upon TALOC, the world’s first piece of blockchain technology tested within the FCA Regulatory Sandbox and developed under the supervision of the HKMA.
4. How does this help people looking to stake ETH for rETH?
It removes the compliance glass-ceiling for institutional allocators. By providing an operational wrapper that satisfies fiduciary and regulatory duties, large-scale holders who were previously sidelined can safely move ETH into rETH.
5. How does this help rETH holders?
It increases the utility and liquidity of rETH. By creating an FCA-tested environment for lending and reporting, rETH becomes more an insto-compatible asset that could even start to be considered collateral in regulated financial markets.
6. How does this help people looking to run a Rocket Pool node for the first time?
For institutional entities, it provides a turnkey compliance stack. They can launch nodes with the operational resilience documentation and wind-down plans already in place to satisfy their internal risk committees.
7. How does this help people already running a Rocket Pool node?
It provides advanced SupTech (Supervisory Technology) tools for professional scaling. As node operators move toward Saturn Megapools, the automated reporting engine reduces the overhead of tracking and filing rewards for hundreds of validators.
8. How does this help the Rocket Pool community?
It diversifies the staking base by onboarding high-trust capital. This hardens the protocol against centralization by allowing regulated UK and global firms to participate in a decentralized network without violating their local compliance laws.
9. How does this help RPL holders?
By facilitating institutional node operators, it drives demand for RPL as primary collateral for those nodes. Institutional participants typically seek long-term, stable positions, providing a sticky demand layer for the RPL token.
10. Which other non-RPL protocols, DAOs, or individuals benefit?
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Institutions: Who gain a regulated path to Ethereum staking yield.
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Regulators (eg. FCA/BIS): Who benefit from the increased transparency of the SupTech reporting suite.
11. Team and Breakdown of Work (Milestones)
Kodelab is a ‘full-service’, award-winning digital asset consultancy based in the UK. It provides advice and resources under 3 pillars: Development, Product and Policy, whilst also offering a compliant blockchain product suite, made up of:
The world’s first FCA-tested piece of blockchain technology - the bank-grade ‘TALOC’ lending protocol. [Created under supervision of the Hong Kong Monetary Authority, Currency Research Award Recipient (2024), featured technology at University of Cambridge, World Economic Forum and BIS ‘Supervisory Technology’ showcase (2024), FCA Regulatory Sandbox participant 2025]
Legal stack and marketplace infrastructure allowing the trading of entire UK properties is tokenised form [FCA crypto registration pending]
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Milestone 1 (Week 3): Mapping rETH/Rocket Pool architecture to TALOC risk and control frameworks.
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Milestone 2 (Week 9): Engineering the Reporting Engine and real-time dashboard for rETH events.
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Milestone 3 (Week 12): Delivery of the “Rocket Pool Wind-Down Template” and final stress-testing.
12. How is the work being tested?
Testing is fully integrated into the 12-week schedule. It includes:
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Regulatory validation: aligning reporting outputs with current UK regulatory templates.
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Technical stress-testing: Simulating extreme market events to verify circuit breaker logic and wind-down execution.
13. Maintenance after delivery
Kodelab will offer ongoing updates to the reporting engine as UK/EU regulations evolve (e.g., updates to MiCA or the incoming FCA framework). Retainer tbd, outside of main grant
14. Proposed payment schedule
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Total request: $100,000 USD.
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Period: 3 months (Paid in monthly instalments upon milestone completion).
15. Verification of work
The GMC can verify progress through:
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Open-source code: reviewing the reporting engine and EVM-compatible risk logic.
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Technical deep dives via scheduled demos
16. Cost-saving alternatives
The project saves significant costs by recycling existing TALOC modular logic and FCA-vetted frameworks rather than building new regulatory compliance systems from scratch. This allows a $100k grant to deliver millions of dollars’ worth of R&D and regulatory reputation capital
17. No conflicts of interest