Friday, July 1

Rocket Pool delays launch after rival discovered vulnerability

Eth2 staking provider Rocket Pool postponed its release after a potential exploit was identified in the protocol’s code.

On October 6, Rocket Pool announced the postponement while the team implements a fix for the bug. Rocket Pool tweeted that “relatively minimal” changes are required to patch the vulnerability and that a new release date will be announced soon.

Rocket Pool was alerted to the vulnerability by Dmitri Tsumak, the founder of rival staking provider StakeWise. After Rocket Pool confirmed that the bug was valid, the two teams notified another Eth2 staking project, Lido, that the vulnerability also posed a risk to their protocol. as well as.

Lido acknowledged the mistake via Twitter on October 5. proposing a vote to lower participation limits for all node operators in an attempt to minimize the risk posed by the protocol. Lido described the potential impact of the exploit as “low”, adding that “the vulnerability can only be exploited by currently whitelisted Lido node operators.”

“A long-term solution is being developed in parallel and more information will be shared when it is out of the draft stage,” the team added.

StakeWise publicly announced Tsumak’s role in identifying and reporting the potential exploit to its rivals, stating: “Even when it comes to our competitors, the more secure we are collectively, the stronger the entire ETH2 stake ecosystem becomes.” Rocket Pool also tweeted a commitment to shared network security.

Eth2 stakeout services

As Ether deposited in the Eth2 participation contract cannot be withdrawn until the next Ethereum chain merger is completed, many investors have turned to providers offering liquid participation services. Liquid gambling allows tokens representing the value of staked assets to be used in decentralized finance without requiring that the underlying assets are not staked. Eth2 participation services also allow users with less than the minimum of 32 ETH, to bet in groups.

Related: Betting on Ethereum 2.0, explained

According to StakingRewards, Eth2 currently ranks as the third largest proof-of-stake network with a staked capitalization of $ 27.3 billion despite only 6.55% of supply being locked.

In contrast, more than 70% of the circulating supply of the two largest networks for capital at stake has been blocked, with the $ 60.5 billion worth of Solana (SOL) and $ 51 billion worth of Cardano (ADA) currently wagered representing 77% and 70.5. % of the respective circulating supplies of the projects.