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closedEnded 3 years ago ยท Snapshot (Offchain)

Change Protocol Settings for Atlas (RPIP-16)

By 0x87D9...9992e0

This vote specifies how settings will be modified in response to Atlas and the upcoming withdrawals fork.

The settings will be changed to:

  • allow pent up demand to build up in the deposit pool, in expectation of large supply
  • keep maximum (APR) drag in mind
  • allow easier motion of ETH from the rETH contract to the deposit pool
    • doesnโ€™t impact burning much, as that is often bot-driven
    • allows supply side to be paired more rapidly to minimize unproductive protocol ETH

This will be done by:

  • changing how much ETH sits on the rETH contract before overflowing into the deposit pool from 10% of rETH TVL to 1%
  • changing the deposit pool size from 5k to 18k
    • this size increase seems large; please see the modelโ€™s from knoshua and Valdorff for why this is seen as a conservative increase

Please read the full RPIP here. You can read discussion around this in the forum thread.

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0
Votes 219
VoterCast PowerVote & Rationale
0x689C...C9613C
478

For

0xD81A...eD1211
363

For

0x570E...5F14AD
301

For

0xBb2b...c8D080
294

For

0x474E...bA684C
194

For

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Proposal Status
  • Mon January 30 2023, 04:33 amVoting Period Starts
  • Mon February 13 2023, 04:33 amEnd Voting Period
Current Results

1-For

7,836.558

99.67%

2-Abstain

26.039

0.33%
Quorum 7,862.598/5,187
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