Constellation is Live! Help scale Rocket Pool and support decentralized node operators!

Hi r/ethereum, I’m one of the co-founders of NodeSet, the developer of Constellation, a “Layer 2” staking protocol built on top of Rocket Pool!

The main innovations of Constellation are xrETH, a liquid ETH staking token with ZERO fees on Ethereum staking rewards (including MEV), and xRPL, a liquid staking token for RPL. Gravita is launching the first public Constellation deployment on mainnet today, and minting these tokens is now available via the Gravita website!

Once minted, the Constellation contracts non-custodially distribute the assets among NodeSet’s hundreds of decentralized operators, funding the operator bond (currently 8 ETH + 2.4 ETH or RPL) and unlocking their ability to deploy RP validators at scale.

We’ve spent the last 18+ months building both a robust (250+) and vetted cohort of independent node operators, including solo stakers, Rocket Pool operators, and small staking businesses. NodeSet’s mission is to connect the long-tail of decentralized operators that make Ethereum the most credibly neutral settlement layer in the world to compute opportunities across the ecosystem. Constellation, our first major project, supports the protocol that got us started on our journey as a company, Rocket Pool. Over the last year, RP has faced scaling challenges due to its bonding requirements, which has resulted in contraction of the protocol. Constellation was designed to alleviate those challenges while improving Rocket Pool’s underlying asset distribution. With nearly 40,000 ETH sitting in the rETH deposit pool, it’s time to unleash Constellation and grow Ethereum’s most decentralized liquid staking protocol!

For those interested in diving deeper into the technology, please take a look at the Constellation documentation. There’s a lot of work remaining, but we will be adding more information over the coming weeks, and the GPLv3 code is available on our GitHub, of course. On the security side, we recently concluded three audits from some of the best in the business like Chainsafe and Sigma Prime, and our bug bounty program details are located in the documentation.

Speaking of… if you’re interested in participating as a NodeSet operator, you can sign up for free at nodeset.io/join – you’ll get paid in ETH to help decentralize Ethereum!