Rocket Pool delays its launch after competitor discovers a vulnerability


Related articles

Rocket Pool, an Eth2 staking provider, has delayed its launch after identifying a possible breach in the protocol’s code.

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

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

Lido admitted the mistake via Twitter on October 5, He suggested A vote on the low staking limits of all node operators in an effort to reduce the risks to 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 reform is being developed in parallel and more information will be shared when it is out of the draft stage,” the team added.

StakeWise has publicly announced Tsumak’s role in identifying and reporting potential abuse to its competitors, emphasizing: “Even when dealing with our competitors, the more secure we collectively become, the stronger the ETH2 ecosystem becomes.” Rocket Pool has also tweeted about a commitment to shared network security.

Eth2 Storage Services

Since the Ether deposited in the Ethereum staking contract cannot be withdrawn until the completion of the upcoming Ethereum chain consolidation, many investors have switched to service providers offering liquid staking services. Liquid staking allows the use of tokens that represent the value of the assets stacked in decentralized finance without the need to unlock the underlying assets. Eth2 storage services also allow users with less than a minimum of 32 ETH to participate in pools.

Related: Staking on Ethereum 2.0 شرح Explained

According to StakingRewards, Eth2 is currently the third largest Proof-of-Stake network with a quota capital of $27.3 billion even though only 6.55% of the supply is closed.

By contrast, more than 70% of the circulating supply of the two largest networks has been closed by tied capital, with Solana (SOL) at $60.5 billion and Cardano’s $51 billion (ADA) currently accounting for 77% and 70.5% of supplies. circulated for the project.