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Decentralized Ethereum 2.0 Staking with Rocket Pool | Darren Langley & Dave Rugendyke

Bankless

Bankless

Technology, News, Tech News

4.71.2K Ratings

🗓️ 1 December 2021

⏱️ 101 minutes

🧾️ Download transcript

Summary

Rocket Pool is live on mainnet! Slowly rolling out its staking pools, Rocket Pool is opening up its decentralized ETH staking product to the world. Core team members Darren Langley and Dave Rugendyke join to talk about the past, present, and future of the protocol.

Rocket Pool allows ETH holders to stake without needing to run a full node, which requires hardware, maintenance, and 32 ETH. Abstracting away those requirements helps to decentralize Ethereum's Proof-of-Stake, which is expected to arrive with the merge in the first half of 2022.

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📣 OPOLIS | YOUR CRYPTO CAREER
https://bankless.cc/Opolis 

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BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM
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TOPICS COVERED:

0:00 Intro
7:00 Launching Rocket Pool
15:50 How We Got Here
23:38 Why Decentralized Staking?
28:37 What the Numbers Say
34:38 A Public Good
39:40 The Community
47:11 Centralization Risks?
49:25 rETH
56:04 Democratizing ETH Staking
1:02:39 DeFi Integrations
1:06:30 MEV
1:14:25 Operating a Node & ODAO
1:22:02 RPL Token & Incentives
1:32:02 What's Next?
1:38:20 Closing & Disclaimers

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RESOURCES:

Darren on Twitter:
https://twitter.com/langerstwit?s=20 

Rocket Pool:
https://rocketpool.net/ 

Node Map:
https://stake.rocketpool.net/network 

RPL Investment Thesis: https://www.reddit.com/r/ethfinance/comments/m3pug8/the_rocket_pool_investment_thesis/ 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

Hey bankless nation welcome to another state of the nation episode we're super excited

0:11.9

to host this has been a long time coming it's with our friends at rocket pool rocket

0:16.5

pool David why don't you tell folks what rocket pool is yeah rocket pool is a decentralized

0:21.8

taking as a service system and rocket pool has been around for a really long time I remember

0:27.1

paying attention to rocket pool back during the the ICO craze the ICO days and rocket pool

0:31.9

has you know it's been laser focused on one thing and one thing alone which is providing

0:37.1

a decentralized staking pool system to in further democratize and decentralize access

0:43.1

to providing security for ethereum so we're going to dive into what that means and this

0:48.1

story thus far for rocket pool and but also most importantly their main net launch which

0:52.9

is why we're having them on right now their main net just launched so congratulations

0:56.9

to the to the rocket pool community and rocket pool team and Dave and Darren who have

1:00.7

been through it all all throughout the bear market and then finally went through got

1:05.2

through the other side of the bear market waiting for all of the ethereum 2 devs to actually

1:10.2

ship proof of stake and now that is finally here rocket pool is following along in the footsteps

1:15.3

of ethereum at large so I think this is probably the next best thing to staking on your own

1:20.6

validator in fact it's probably the best thing for a lot of folks because staking on your in

1:24.9

your own validator still requires 32 eath that's a lot of money man like 32 eath so if you don't

1:30.1

have 32 eath and you still want to stake the decentralized way rocket pool is providing an answer

1:36.0

to that and so we're going to talk to the team today all about it and talk about the wider

1:41.3

eth staking ecosystem too so we hope you hang out for this conversations can be great with

1:46.5

David and Darren from rocket pool before we get in we got to tell you about opolis I think this

1:53.3

one of the last days that we're going to be talking about this opolis is a dow that supports self

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