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To begin pitching, you can either search for contact information and DM the person or schedule a call with them. If you can’t find contact details, you can try submitting a proposal on their forum. The important first step in pitching is establishing a connection and understanding their willingness and needs. Here are some materials you’ll need for your pitch. This is a public document, so feel free to add or comment.
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Rocket Pool, launched in November 2021, is a pioneering liquid staking solution that democratizes access to ETH staking rewards. With $2.53 billion in TVL, it's a leading player in the liquid staking space. Founded by David Rugendyke, the protocol is now governed by two DAOs: the Oracle DAO and the Protocol DAO.
Rocket Pool's liquid staking token, rETH, offers users a seamless way to participate in ETH staking and unlock its rewards. rETH Node Operators are collateralized with 25% staked ETH, shielding rETH users from slashing risks. This robust security mechanism ensures that users can participate in ETH staking with confidence.
The Ethereum Foundation has begun staking its treasury ETH and engaging in the DeFi ecosystem to generate yield and ensure sustainable growth. As a key part of the Ethereum ecosystem, ENS DAO can follow suit by staking treasury ETH to earn rewards while maintaining liquidity and supporting Ethereum’s decentralized infrastructure.
This proposal suggests that the ENS DAO Treasury stake 1000 ETH into Rocket Pool to earn staking rewards while maintaining liquidity through rETH. By doing so, ENS DAO will diversify its treasury holdings, generate sustainable yield, and support Ethereum’s decentralized staking ecosystem.
rETH is currently trading at a 0.786% discount in the secondary market. If ENS DAO purchases 1000 ETH worth of rETH from the market, it can gain an additional 4 ETH. Given the current rETH APR of approximately 2.78%, this presents an attractive opportunity for enhanced returns.
Rocket Pool also supports node operation. With the latest upgrade removing the requirement to stake RPL, node operators can now participate using only ETH. Node operators earn an approximate APR of 5%, making this an alternative or complementary strategy for ENS DAO to maximize staking rewards.
rETH is also integrated with DeFi platforms such as AAVE and Balancer, allowing holders to generate additional yield by using rETH in lending or liquidity provisioning. The Rocket Pool Incentives Management Committee (IMC) utilizes its liquidity budget to incentivize related protocols, providing further earning opportunities for rETH holders.