Rocket Pool ETH

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According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs.
Liquid Staking Protocol Rocket Pool Joins Forces With Zksync Era
The liquid staking protocol Rocket Pool, ranked third in size, is set to integrate with Zksync, as announced on Twitter. Statistics reveal that Rocket Pool currently holds 733,575 ether, equivalent to $1.3 billion, within its liquid staking protocol. On Thursday, the team tweeted, “Rocket Pool is coming to Zksync Era. You’ll soon be able to liquid stake your ETH on Zksync Era by simply holding rETH in your wallet. Just like on mainnet and other L2’s, rETH will continue to accrue staking rewards automatically.”
Liquid staking has gained popularity in recent years, and this year has witnessed a significant surge in the number of ETH staked in these protocols. Nearly 10 million ETH are currently locked in the leading liquid staking protocols, with Rocket Pool capturing 7.72% of the market share. Zksync, an Ethereum Layer 2 (L2) solution akin to Arbitrum and Optimism, introduced Zksync Era in March, just two months ago. Rocket Pool has outlined that stakers utilizing Zksync will enjoy faster confirmation times and reduced network fees.
“Liquid stakers will benefit from faster speeds [and] lower transaction costs, secured by Zksync Era’s zero-knowledge proofs,” Rocket Pool said. “Another step in our mission to reduce barriers to entry [and] ensure everyone can participate in Ethereum’s proof-of-stake system.” According to data, the present transaction cost on Zksync stands at $0.10 for sending ether and $0.24 per coin swap. In contrast, an onchain ETH transaction incurs a cost of $1.54, while a high-priority token swap onchain transaction costs $13.91.

Rocket Pool has experienced notable activity in the past two months, and seven-day statistics indicate a 4.87% increase in its total value locked (TVL). Over the previous 30 days, Rocket Pool’s TVL has risen by 25.68%. Despite holding the third-largest amount of ETH among liquid staking protocols, Rocket Pool falls behind Lido Finance, which commands an impressive 73.90% of the entire Ethereum-based liquid staking market share. Out of the current 9.49 million ETH held, Lido’s protocol accounts for 7.01 million ether.
What are your thoughts on the future of liquid staking and its potential impact on the Ethereum ecosystem? Share your views and opinions about this subject in the comments section below.



According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs. Liquid...

news.bitcoin.com

Rocket Pool to Integrate With Zksync Era, Offering Faster Speeds and Lower Transaction Costs

A flaw in the setup of a liquidity provider (LP) on Uniswap V3 has resulted in a user earning over $331,000 in just a few seconds. This lucky individual had initially sent only 0.1 ETH to the Art Coin presale.
Art Coin Liquidity Pool On Uniswap V3 Drained
Presales on decentralized platforms like Uniswap, which is a popular decentralized exchange, allows a listing project to exchange their native token for other more liquid cryptocurrencies.
In Ethereum where Uniswap V3 was first launched, Art Coin, a platform focused on art for artists, allowed supporters to exchange their token, ART, for ETH.

Upon discovering a flaw in Uniswap V3’s presale process, the user promptly sold their presale allocation for 181 ETH, which amounted to over $331,000, on May 7th. Prior to this, the user had bought 0.01 ETH of ART during the presale.

dude sent 0.1 ETH for the presale, got his allocation, realized the pool was setup redactedly, and just dumped it for 181~ ETH instantly pic.twitter.com/Mk9PESJsAM
— DeeZe  (@DeeZe) May 7, 2023

Some have questioned the legality of the dump saying the trader committed an offense similar to a rug pull.

However, the consensus is that the responsibility lies with the project’s developers and not the “lucky” user who picked out the flaw and exploited it.
Art Coin founders have since issued a statement, saying the flaw was due to a miscommunication:
Two developers were going to help us understand LP and set it up. There was a miscommunication and we set up the LP before distributing tokens. So when we sent out the first batch, the bots went crazy and drained it.
The flaw, and subsequent exploit, points to the complexities of Uniswap V3. This latest version of Uniswap, which had a business license which expired in early April, introduces the concentrated liquidity feature where liquidity providers (LPs) can provide it within a given range.
In this arrangement, Uniswap says LPs can better utilize their funds, earning more rewards when they supply. Nonetheless, the deploying project seeking liquidity from the community must be keen and ensure that they customize their parameters in such a way that their efficiency in liquidity provision and traders cannot take advantage and exit at above-rate levels.
In the Art Coin’s case, the user exited at higher market rates, essentially draining the project’s funds. With 181 ETH of the presale funds gone, Art Coin has 40 ETH left and plans to conduct a new fundraising round.

2) The founder and I got very shocked looking at these events playing out. @Stocktrader have decided to take a break. 
I’m going to build a team of devs. 
Final goal is to relaunch. 
We have 40 eth and could relaunch with that as LP.  ..->
— $ART (@artethcoin) May 7, 2023

Crypto Developers Beware
Uniswap V3 can now be forked by any decentralized finance (DeFi) project. Currently, PancakeSwap and SushiSwap decentralized exchanges have launched new versions of their platforms adopting concentrated liquidity and other features found in Uniswap V3.

The complexities, especially in liquidity provision, makes Uniswap V3 tricky especially for inexperienced developers who don’t fully understand how the version operates.
The issue is worsened by the inalterable and transparent nature of on-chain transactions. If a weakness is exploited and the pool is drained, the cost can be significant. In Art Coin’s case, developers have chosen to continue supplying liquidity with lower amounts while considering another presale. They will only receive funds if the trader has a change of heart, refunding the project’s developer.



A flaw in the setup of a liquidity provider (LP) on Uniswap V3 has resulted in a user earning over $331,000 in just a few seconds. This lucky individual had initially sent only 0.1 ETH to the Art Coin presale. Art Coin Liquidity Pool On Uniswap V3 Drained Presales on decentralized platforms like ...

bitcoinist.com

New Project Losses Over $331,000 After Setup Flaw On Uniswap V3

Rocket Pool ETH (RETH) ATH, Price, Market Cap, News, Info

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Rocket Pool ETH price	$2,042.54
Low - High 24H	$2,018.59 - $2,051.32
Market cap	$836.09M
Volume 24H	$1.38M
All time high	$4,814.31 -57.59% December 1st 2021
All time low	$887.26 130.13% June 18th 2022
Genesis date	N/A

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