Rocket Pool Will Newly Upgrade Atlas To Compatible With Ethereum Shanghai Upgrade

3 mins mins

06 March 2023, 03:12:48 GMT +0000

Key Points:

Rocket Pool has announced that they will perform an Atlas upgrade in early April to be compatible with the much-anticipated Ethereum Shanghai upgrade.
This will allow validators to initiate withdrawals of their assets in on-chain ETH Staking and scale the protocol to meet higher demand and maintain decentralization.
Main functions after the upgrade include Solo Staker migration, Minipool queue ETH optimization, dynamic deposit pool limit, etc.
Rocket Pool is rolling out a beta on the Zhejiang testnet, intending to release Atlas to the Ethereum mainnet in late March or early April.

According to the official blog, decentralized engagement protocol Rocket Pool has announced that it will perform the Atlas upgrade in early April, making the protocol compatible with Ethereum’s Shanghai upgrade.

Rocket Pool Will Newly Upgrade Atlas To Compatible With Ethereum Shanghai Upgrade

Rocket Pool has had two significant upgrades since becoming live on the mainnet, the first being Redstone, which made Rocket Pool compatible with The Merge and added some extra special features like the smoothing pool. Atlas is the second significant improvement after Redstone.

Main functions after the upgrade include Solo Staker migration, Minipool queue ETH optimization, dynamic deposit pool limit, etc. Other parts include Minipool gas efficiency optimization and a reward system that automatically tracks the effective RPL rights of each node operator.

Another critical function this upgrade will bring is the ability for existing validators using BLS withdrawal credentials to change them to withdrawal addresses on the Ethereum blockchain.

The upgrade will allow validators to withdraw their staked ETH on the Beacon Chain. It also introduces many enhancements, from simple gas optimizations to significant new architectural changes aimed at scaling Rocket Pool more.

Validators can stop validating if they want and withdraw their staked ETH balance completely. Alternatively, they can continue staking and get any ETH reward in liquid form on a deposit of 32 ETH regularly.

Rocket Pool is Ethereum’s most decentralized liquidity staking protocol. More than 2,100 node operators worldwide have staked over 400,000 ETH, more than 2.5% of Ethereum.

Rocket Pool is rolling out a beta on the Zhejiang testnet, intending to release Atlas to the Ethereum mainnet in late March or early April.

The highly anticipated Ethereum shanghai upgrade is expected to appear this March 14th. It is so awaited because users are looking forward to the ETH staking withdrawal feature. The ETH staking transaction volume is expected to increase by 50% after the update.

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