This Thread is dedicated to participating in Ethereum’s Proof of Stake (PoS) system,by leveraging RocketPool allowing us to pool our resources and stake 8 ETH together as a Rocketpool Mini Node Operator.
By leveraging an additional smart contract, the Thread itself will have control and administration over the staked ETH and any earned rewards from Rocketpool.
In this Thread, we’ll use the Rocketpool Mini platform to stake our collective 8 ETH and earn rewards through Ethereum’s PoS system. Our Governor will be responsible for purchasing the necessary hardware and setting up a dedicated Governor Corporation to manage the staking process.
At current prices; a Rocketpool Mini is expected to earn 7.01% APR in ETH, which initially would equate to 0.5608 ETH per Year.
At todays prices, 0.56ETH would be worth $1062.85 USD per Coinbase at the time of writing.
To help cover the costs, the Governor will receive a Weavr Loan from our designated Weavr Operator, Weavr Mortgage S.A. This financial support ensures that our Thread is set up for success from day one.
By participating in this Thread, you’ll be able to:
- Earn Rewards: Generate income from your ETH holdings through staking rewards.
- Contribute to Ethereum’s Security: Help secure the Ethereum network by participating in the PoS system.
- Learn and Grow: Gain valuable knowledge and experience in Ethereum staking and decentralized finance.
As a participant in this Thread, you’ll be expected to:
- Contribute: Pool your resources with other participants to reach the funding target
- Stay Engaged: Stay up-to-date with the Thread’s progress and participate in discussions.
- Vote on Decisions: Use your voice to help make important decisions about the Thread’s operations and governance.
The Governor of this Thread will be responsible for:
- Purchasing Hardware: Acquire the necessary hardware for Ethereum staking.
- Setting Up Governor Corporation: Establish a dedicated Governor Corporation to oversee the staking process.
- Managing the Staking Process: Ensure the hardware is running efficiently and securely
- Keeping the Hardware Safe: As there is a Weavr Loan given to the Governor Corporation, there is a lien on the hardware itself. The hardware must continue to operate.
- Manage and maintain an expense budget: As the primary source of revenue is from ETH staking, which is controlled by the Thread - the Governor may request funds from the Thread to replenish it’s Reserve Pool.
This offer is for the sale of a Rocketpool Mini and accompanying hardware and is not related to any other products or services. The thread sub-DAO and the Governor are not responsible for any issues or disputes arising from the formation of this Thread. The contributor must comply with all applicable laws and regulations regarding staking of Ethereum via Rocketpool.
The Thread’s Governor, Weavr Mortgage S.A., and any other parties involved in the creation or operation of the Thread do not guarantee the accuracy, completeness, or suitability of the information provided. They will not be held liable for any direct or indirect losses or damages resulting from the use of, or reliance upon, the information provided in this Thread Description.
By participating in the Thread, you acknowledge and agree that you are solely responsible for your own decisions and actions, and that the success or failure of the Thread is subject to risks and uncertainties beyond the control of the Thread’s Governor, Weavr Mortgage S.A., or any other parties involved.
This Thread Description may be updated or revised at any time without notice. It is the responsibility of the participants to stay informed of any changes to the information provided.