The Saturn 0 Upgrade
Welcome to Saturn 0! This upgrade aims to improve RPL tokenomics in the short term to unlock protocol growth. If you're a returning or prospective node operator, this page will serve as an introduction to some new and exciting changes to the Rocket Pool protocol.
Saturn 0 has been successfully voted in by the Protocol DAO and Oracle DAO and is scheduled to go live on 28 October 2024, 00:00 UTC.
This upgrade consists of the changes detailed in Tokenomics Rework Prelude (RPIP-62).
ETH only minipools in Saturn 0
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The RPL requirement for new minipools is a thing of the past! Minipools launched after the inception of Saturn 0 do not require RPL stake to be deployed. Node operators can now create minipools with an upfront cost of 8 ETH, which will feature a commission of 10%. In addition, a node operator may optionally stake RPL to qualify for additional rewards and access voting power within the Protocol DAO.
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Nodes with an RPL stake of any size qualify for RPL issuance rewards. This unlocks RPL rewards for Node Operators under the 10% collateral cliff who were previously unqualified for RPL issuance rewards.
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This means nodes with an RPL stake of 0-15% of borrowed ETH receive the maximum APY on RPL. Nodes still earn RPL yield beyond 15% collateral, at a decreasing rate. Feel free to take a look how RPL issuance beyond 15% borrowed ETH is defined in RPIP-30.
New Commission Structure (Saturn 0 part 2)
Dynamic Commission will be enabled when v10 of the Reward Tree Spec is implemented. It's currently in development, so keep an eye on #protocol announcements in our Discord Server for updates!
We're excited to announce that newly launched Saturn 0 minipools will feature a commission structure ranging from 10% to 14%.
- Nodes without any staked RPL will earn 10% commission (5% from the minipool contract, and 5% from the dynamic commission boost).
- Nodes with staked RPL receive up to an additional 4% dynamic commission boost for staked RPL valued at >= 10% of borrowed ETH.
Note that the dynamic commission boost will be reduced to 0% on the 5th reward snapshot after Saturn 1 is released (leaving only the 5% minipool contract commission). This serves to increase the yield advantage of migrating to megapools.
Your node must be opted into the Smoothing Pool to benefit from the dynamic comission boost. The latest Smart Node version v1.14.0 will inform you
to opt into the Smoothing Pool when depositing a minipool if you are not already opted in. Your new minipools will miss out on additional yield if your node
isn't in the Smoothing Pool!!
Node Operator Guide
If you're interested in running a Rocket Pool node to create your own Ethereum validators, take a look at our Node Operator's guide. This is a very comprehensive guide that goes over all of the considerations involved in node operation, including:
- Deciding to run a node locally at home, or remotely on the cloud
- Selecting the hardware for a local machine, or selecting a remote hosting provider
- Preparing and securing the operating system of your node
- Selecting your Execution and Consensus clients
- Installing Rocket Pool's Smartnode stack
- Creating a new Beacon Chain validator using the Rocket Pool network
- Maintaining and updating your node
- Participating in on-chain governance
Both guides will show you how to practice for free on the Rocket Pool testnet so you can get a feel for everything without risking any of your real-life ETH, and how to stake your real ETH on the Ethereum mainnet once you're comfortable with the process.
When you're ready, select a guide from the options above based on your interests. You are also free to explore the various pages using the sidebar to the left.