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Rocket Pool Community Voting Whether to Self-Limit its Growth

If passed, the vote establishes a guiding set of principles to inform Rocket Pool’s decision-making process in limiting the percentage of staked ether in its ecosystem.

The electors of the ETH validator service project rocket pool agreement have been working on a philosophical proposal that could hamper the growth of the ether (etheric) Staker itself.

The proposal would establish a set of guidelines on which the rocket pool would deal with its etheric reserves. According to the writer Waldorf, some Stallone began to become too big to benefit the ether, and she did not expect the rocket pool to become one of them.

"although we have done everything we can to decentralize and secure, we understand that, like all physical lines, there will always be an attack surface," the pseudonym connection point network operator wrote in the proposal. "in order to ensure the security of the Ethernet Internet, the only thing we can do is to limit the size of our own business to prevent it from becoming a single failure."

In the ongoing rectification vote scheduled to end on February 12, the vast majority of votes are applicable to the formulation of guidelines that will place the success of the protocol above the continued health of the ether and the government procurement process. The proposal will establish a preference for rocket pools to "destroy themselves before seriously endangering etheric stability".

Rocket Pool is not a single failure of the ether: according to Nathan, it won only 1.66 per cent of the ETH margin, well below its primary competitor, Lido, which has a 29 per cent margin.

Explaining why the community should vote on the basic principle that the agreement itself may be controlled at 22% of the total agreement, the promoters of Rocket Pool said that it is best to capture our own spiritual essence in a practical way as soon as possible so that it can continue into the future.

Rocket Pool manager Darren Norfolk tweeted, "as a management team, if @ Rocket_Pool endangers the credibility or operational reliability of etheric reliability, we fully apply the limit."

Other examples of self-limitations include the redirection of a certain percentage of decentralized autonomous organizations' revenues to small and medium-sized agreements that are not licensed without consent, and the deduction of 3 per cent of fees from the currency Reese, in which DAO fees and income percentages increase with the growth of Rocket Pool's dominance in STAKED ETH. The idea has long been discussed on community websites, but there has been no vote yet.

Although voting-- generally approved-- is not easy to spur or implement all changes to the code base, "this is actually better than coding changes." Mr. Waldorf said in an incongruous message to WJB. This sets a framework for future coding that allows us to act effectively on the state of the system while guiding values that do not allow them to drift over time and without being visible.

Physical and mental health bet

The proposal defines four different bets-"healthier bets", "better bets", "bad bets" and "abnormal bets"-in an effort to impose the mindset of the government procurement process on the Rocket Pool.

One-person bets are defined as customers operating their own hardware, and according to the proposal, one-person bets are called "healthier" because they are more decentralized, while Rocket Pool and other liquid betting protocols Stakise fall into the "Aas Good" category. (Stakage had promised to keep its market share at 22%.)

But under the proposal, centralized trading centres such as Coinbase, Kraken and Binance-and even the hottest liquid betting protocol, LIDO---have been seen as "serious hazards to the health of the ether". According to Nansen, fully considering that this physical line accounts for 55.5% of all bets on medical ether, this is an important complaint.

Lido, one of the largest betting service providers, pointed out in Rocket Pool's proposal that the company's "clear direction is winner-takes-all". Winner-takes-all refers to the concept of winning a single physical line and focusing on the entire ETH bet derivatives market. Lido, with more than $8 billion in total betting assets, voted against its own limited injection of equity liquidity in July 2022.

As of press time, Lido did not respond to media requests for comment.

In the Rocket Pool disagreement, ethstaker.cc website manager Superphiz said: "in the long run, self-restriction is good for the ether and therefore for Rocket Pool." Choosing without self-restriction will harm two groups of people, which in turn will lead to lower long-term economic development benefits.

Customers have bet on more than 37.7Yinma Town ETH through Rocket Pool, with a value of about US $593 million. Rocket Pool currently gives 4.19% APR for customer bets and 7.29% APR for customer bets and running connection points.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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