Here we goooooo. Might update this or add another based on further submissions.
[retro] Management Committee Gas Reimbursement
Makes sense, support
[retro] RPL Staking Rework Research and Facilitation
Conflict, I’m the main person here.
I wanted to note that the “Rapid Research Incubator” is struggling to get enough participation to even give out all the desired money and it’s got like one day left to close. I’m worried we’re not effecting the behavior we want enough. I think this is a mix of awareness and $; GMC has an opportunity to show valuing the latter here.
[bounty] Rocket Layer - The Rocket Pool Eigenlayer Integration
I have two totally separate things I’m against.
First, let’s pretend I like the end goal.
In this case I’m against spending on something that might not be used.
I’d want to see clear support from Eigenlayer (community? team? not sure who matters here) before spending.
Second, I don’t like the end goal.
Eigenlayer is dangerous and I think it runs counter to 3 of the pDAO charter’s values:
- The pDAO SHALL prioritize protocol safety
- The pDAO SHOULD prioritize the health of the Ethereum network
- The pDAO SHOULD prioritize decentralization
5:
I strongly appreciate that the proposal has been drafted to protect rETH.
That said, right now it allows a 100% rug of NO ETH.
Eigenlayer currently has no AVSes running on mainnet. Even with them running, slashing is somewhat trust-based.
While NOs are making their own open-eyed choices, I don’t believe RP should help fund “degen” behavior.
6:
If Eigenlayer is successful, they will give better APY to validators using Eigenlayer.
This means staking becomes more attractive, which means more validators.
This means lower pure staking rewards, which disincentivizes staking in the absence of Eigenlayer.
Pushing out safety maxis and ETH maxis is, imo, damaging to Ethereum health.
If Eigenlayer is successful, they will give better APY to validators implementing the most AVSes and getting the most delegations.
That is clearly centralizing.
Eigenlayer has been a bad actor so far imo.
- They have locked over a billion dollars without any intent to use it for anything yet.
- They are a key component of the harmful “points” fad, which has people locking TVL in early ruggable contracts based on the promise of points that are potentially related to potential future airdrops. This, to me, is very far from the “trustless” ethos we should aspire to.
- They have purposely caused confusion by referring to native restaking and LST delegation with the same word (restaking)
7:
I believe Eigenlayer is centralizing due to warping APY as described in the #6 section.
I believe LST delegation, is extremely centralizing.
See, eg, https://www.mintscan.io/cosmos/validators – this is a network with a long history of airdrops to people using non-CEX, non-top-10 validators, but we still see the top 10 at 49% of stake.
Minor - question from another thread
The premise is that EigenLayer would add a smart contract to accept RP withdrawal addresses, and not just validator withdrawal addresses.
In that case, RP would have senior debt and Eigenlayer would have junior debt.
cc: @KentuckyFC
[grant] HashQuark
Dunno.
This is tough for me to value tbh. I struggle both to understand how many NOs and rETH holders we could expect per “unit of awareness” and also how much “awareness” we’ll get from this specific effort.
I’d suggest thinking through things like “how much impact do we think this will have vs running ads on and how much does that cost”?
Beaconcha.in and r/cryptocurrency banner might be easy ones to look at.
[renew grant] Rocket Rescue Node
This thing is a great service.
Besu example showed it being a great service.
[grant] Keybox.AI
This team has provided no reason to expect them to be able to optimize what the core dev team has worked on.
There would be significant complexity to having this team make smart contract changes while the core dev team is working on features.
[renew grant] Rocket Fuel
The cost is significant. The community building is significant. I know some folks rely on this.
I’m not a user, so gonna go with “pass, lean positive”.
[grant] Unhosted Wallet
High level the value is from the “1-click” walled garden. But I’ve never heard of this wallet, so I wouldn’t value the walled garden much. Eg, I’d rather tell people to go to cowswap than here and I don’t think many are starting here.
[grant] Audit of Rocket Split
The value of this has changed with the incoming “RPL withdrawal address” feature.
In particular, it’ll remain valuable for anything that has a split other than “RPL to RPL investor” and “ETH to ETH investor”.
I’ve been reaaaally disappointed by interest in this (and the Myso version of contributing to another pesron’s node).
It seems like there’s occasional interest, but not enough to like… act.
In the end, I’m ok with both “cutting losses” and not funding, or funding based on still believing there’s latent demand.
[grant] rETH Restaking Analytics Platform
Against.
This information is Eigenlayer information, not RP information.
It’ll apply to every restaked LST, not just RP.
Eigenlayer itself has dashboards, which cover much of this (eg, the linked one has operator names, TVL, number of stakers; clicking in shows TVL per LST).
I suspect those will improve, get filters (eg per LST), etc.
Seems redundant and not-RP.