Introduction

RocketPool is a decentralized ETH2 Staking application. Using RocketPool, users can either stake ETH or stake ETH and run a node. Users deposit ETH and mint rETH tokens. For users only interested in staking, the minimum deposit is 0.01 ETH and the rETH tokens are liquid. For users interested in running a node and staking, the minimum deposit is 16 ETH, but better rewards are received.

In this dashboard, we'll look at the daily net amount of ETH staked with Rocketpool as well as the average deposit size over the last 90 days.

Methodology

The net daily amount of eth staked with Rocketpool and average deposit size was calculated in the following way:

1. Calculate how much rETH was minted per day using the table ethereum_core.fact_event_logs in combination with the contract address of Rocketpool: 0xae78736cd615f374d3085123a210448e74fc6393. We then filter for minting transactions using event_name = 'TokensMinted'.
2. We then calculate how much rETH was burned per day using the same table and contract address but now event_name = 'TokensBurned'
3. Calculate the net amount of ETH staked per day by using: total_reth_minted - total_reth_burned.
4. Finally, we calculate the average deposit size by using the same tables as in step 1, but now using avg(reth_minted).

Results

We can see that daily net amount of ETH staked with Rocketpool has been positive over the last 90 days, but has been shirking compared March.

Keys findings

• Daily amount of ETH staked with Rocketpool has been positive most of the time, but slowing down compared to March.
• The average deposit size over the last 90 days was about 20 ETH
• The average deposit size has been decreasing over the last 90 days.

Next, we'll look at the average deposit size (i.e. average amount of ETH staked per transaction)

Using these two charts we can determine that the average deposit size on Rocketpool over the last 90 days has been about 20 ETH. Using the two-week moving average, we can see that the average deposit size also has been decreasing over the last 90 days.