Eth2 staking provider Rocket Pool postponed its launch after a mining opportunity was identified in the protocol’s code.
On October 6th, Rocket Pool announced a postponement while the team worked on a resolution. Rocket Pool tweeted that “relatively minimal” changes would be required to fix the vulnerability, and a new launch date will be announced shortly.
1 / Yesterday our bug bounty program discovered an exploit that also affected other staking providers, so we are postponing the start to implement the fix.
We thank you very much @tsudmi to increase the mining level.
– rocket pool (@Rocket_Pool) October 5, 2021
Rocket Pool was made aware of the vulnerability by Dmitri Tsumak, founder of competing StakeWise provider. Even.
Lido acknowledged the error on October 5th via Twitter. suggest a vote to reduce the staking limit for all node operators to reduce the risk to the protocol. Lido describes the potential impact of the exploit as “minor” and adds that “the vulnerability can only be exploited by Lido node operators on the whitelist”.
“In parallel, a long-term solution will be developed and more information will be shared when the design phase is complete,” added the team.
Publicly announced Tsumak’s role in identifying and reporting exploitation to its competitors, StakeWise claimed, “Even when dealing with our competitors, the safer we are, the stronger the entire ETH2 staking ecosystem becomes.” Rocket Pool tweeted also a commitment to shared cybersecurity.
5 / At StakeWise we believe that the more secure we are together, the stronger when we deal with competitors # ETH2 Zoning the ecosystem will. To do this, we need to communicate and take care of one another.
– StakeWise (@stakewise_io) October 5, 2021
Eth2. Staking service
Since ethers deposited into the Eth2 staking contract cannot be withdrawn until the upcoming chain consolidation of Ethereum is complete, many investors have turned to providers offering liquid staking. Liquid staking enables tokens to represent the value of staking assets for decentralized funding without the need to remove the underlying assets. Eth2’s staking service also allows users with a minimum amount of less than 32 ETH to wager on pools.
Related: Based on Ethereum 2.0, explained
According to StakingRewards, Eth2 is currently the third largest proof-of-stake network with a stake cap of $ 27.3 billion, although only 6.55% of the offer is blocked.
In contrast, more than 70% of the circulating supply of the two largest networks is tied up in equity, with Solana (SOL) currently worth $ 60.5 billion and Cardano (ADA) worth $ 51 billion, which is 77% and $ 51 billion respectively. Makes up 70.5% of the project material. .