Proposal : Create pool for the new RocketPool (RPL) token contract with 1M BNT trading liquidity minimum
For this proposal to pass, it requires 40% quorum and 66.7% supermajority.
This proposal is expected to appear on Snapshot for voting on 2022-01-02T17:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
- The RPL Team migrated their token contract last month. A new pool for the new RPL token contract should be created and whitelisted so the liquidity can migrate.
- Currently the RPL/BNT pool has a trading liquidity limit of 1M. The suggested trading liquidity limit for the new RPL/BNT pool is 1M.
Project Website: https://www.rocketpool.net/
The new RPL token does not have an elastic supply, or rebase mechanism. The new contracts are standard ERC-20 OpenZeppelin contracts. The contracts don’t have any permissions that grant administrators unrestricted mint/burn capabilities.
More information about the token migration can be found on the Rocket Pool’s medium post.
Rocket Pool is an Ethereum 2.0 staking pool. The protocol seeks to lower both the capital and hardware requirements for staking on ETH 2.0, adding to the decentralization and security of Ethereum. To achieve this, Rocket Pool allows users to stake trustlessly towards a network of node operators.
Rocket Pool smart contracts accept ETH deposits, assign them to node operators, and issue & track various tokens (RPL/rETH) and handle interactions with the beacon chain. They can also detect if a smart node in the network has gone down and will automatically disable it from receiving any new users until it is repaired. The Smart Node Network is a decentralised network of specialzied Ethereum nodes that run on Rocket Pool’s Smart Node software. This software provides custom background processes that allow it to communicate with Rocket Pool’s smart contracts, and just as importantly, provide the network consensus required by the beacon chain.