ETH2 Staking Provider Rocket Pool Delays Launch After Vulnerability Discovered by Competition

Sahaj  |  Oct 7, 2021

Rocket Pool, the ETH2 staking provider, has recently postponed its launch after possible exploitation was identified in the code of the protocol. It has been revealed the Lido, a staking provider, was also found to be vulnerable to the bug that has delayed the launch of the ETH2 staking service Rocket Pool. 

ETH2 Staking Platform Rocket Pool Postpones Launch

Rocket Pool made an announcement on October 6 regarding the postponement while the team was implementing a fix for the bug. It should be noted that Rocket Pool shared a tweet along with the announcement of postponement that relatively minimal alterations are needed in order to patch the vulnerability and that a new launch date is going to be disclosed soon. 

The Founder of StakWise, a rival of Rocket Pool, Dmitri Tsumak, alerted Rocket Pool regarding the vulnerability and after the validation of the bug, the two teams notified Lido, another ETH2 staking project, that the vulnerability poses a risk to its protocol as well.

On October 5, Lido acknowledged the bug via Twitter and proposed a vote to lower staging limits for all node operators in a bid to minimize the risk posed to the protocol.

Lido said:

“The vulnerability can only be exploited by the currently whitelisted Lido node operators. A long-term fix is being developed in parallel and more information will be shared when it is out of a draft stage.” 

More About the ETH2 Staking Services

A lot of investors have turned to the providers offering liquid staking services as Ether deposited to the ETH2 staking contract can’t be withdrawn until the completion of the upcoming chain merge. 

In accordance with StakingRewards, ETH2 ranks as the third-largest Proof-of-Stake network at present, with a staked capitalization of $27.3 billion. 

Moreover, in contrast to this, over 70% of the circulating supply of the two largest networks by staked capital has been locked up, with the $60.5 billion worth Solana (SOL) and $51 billion worth of Cardano staked.

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