This page reproduces proposal text and published results preserved from Snapshot. It reflects the archive capture below.
Archive capture completed:
Published voting information
State at capture
closed
Voting type
basic
Created
2025-03-06 03:26:59 UTC
Voting opened
2025-03-06 03:26:59 UTC
Voting closed
2025-03-20 03:26:59 UTC
Snapshot block
21985152
Participation score
17715.236217470312
Published quorum
12416
Quorum type
default
Recorded ballots
86
Published choice scores
Choice
Score
For
17715.236217470312
Against
0
Abstain
0
Preserved proposal text
Original text, including Markdown notation. Linked content is not reproduced here.
RPIP-65 directs ETH from new rETH mints to withdrawal liquidity first
## Outcome If Positive
Aimed at the Saturn 1 release:
- ETH from new rETH mints will be directed to the rETH contract (available as withdrawal liquidity for rETH burners)
Note: ETH from the rETH contract currently overflows to the deposit pool after a buffer; no change is planned there
## Outcome If Negative
No change:
- ETH from new rETH mints will continue to be directed to the deposit pool (available for node operator matching)
## Rationale
The rETH contract has a buffer for withdrawal liquidity (currently sized at 1% of rETH TVL), but it's not being fully effective. In particular, if (as has been the case recently) we have a need for a withdrawal liquidity _and_ demand for protocol ETH to pair with Node Operators, we are not fully prioritizing either choice (exits and rewards currently go to liquidity, while mints go to pairing with NOs). This proposal suggests prioritizing liquidity, which will bring supply and demand closer together in this situation.
## Context
[RPIP-65: Prioritize rETH withdrawal buffer](https://rpips.rocketpool.net/RPIPs/RPIP-65)
[Discussion](https://dao.rocketpool.net/t/saturn-follow-up-votes-1/3504)