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  • Request for Comment: Stake 5% of Olympus DAO’s Eth reserves in Rocket Pool

I strongly support this. Laid out very well.

Thanks for writing this up. I strongly support rEth's integration

5 days later

This is a no brainer! About to spin up my own rocketpool node as well. Very exciting project, my favorite eth staking project by far.

100% great idea.

In addition to restricting it to 5% of the Olympus ETH reserves, should we also restrict it to a maximum percentage of the rETH supply? We've avoided, in other cases, owning too much of a token's supply.

    sirsean I don't think there is really a good reason to do this with rETH, it can be arbitraged through the contract and there's no governance power so I don't see any negative effects of holding a large % of supply

    letters This seems like a great idea to me. Relatively low percentage of Eth (could start lower if there are concerns). Unfortunately, I don’t know enough about what our eth reserves are currently doing and have no direct experience with rocket pool. Assuming our reserves can’t be put to better use (risk-adjusted), I think it is a great idea worthy or consideration. Thanks for proposing.

    Instead of paying node operators their 10% fee, why don't we collect that ourselves and run nodes. The barrier to entry seems to be 16 ETH & running the nodes. Perhaps it would be best to setup a team to be in charge of this?

    Pros:

    1. Additional ETH Yield
    2. RPL Rewards
    3. Olympus Actively contributes to further decentralizing ETH.

    Cons:

    1. We'd require physical infrastructure
    2. We'd require Manpower
    3. May be a major custody concern

      letters Love it. Very thorough and articulate proposal. I'm a big fan of Rocketpool. They have been designing and building this product for many years, with the highest standards of permissionlessness, decentralization, and security. It's my understanding that rETH is a very safe asset from a technical perspective. I have a ton of respect for the Rocketpool team and community. I'm 100% in support of this proposal.

      I support this as a long-term, low-risk investment for our ETH. Is anyone familiar with ways we could also invest the rETH?

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