[RFC] Strategic ETH Staking Proposal for the Superchain: Enhancing Security, Yield, and Ecosystem Growth

1

Summary

This proposal recommends that the Superchain allocate a portion of its treasury ETH towards Ethereum staking, enabling it to secure the mainnet, generate yield, and support broader ecosystem growth.

Abstract

As a vital component of the Ethereum ecosystem, the Superchain can strategically leverage its treasury ETH through participation in staking via Liquid Staking Tokens (LSTs). This approach offers multiple benefits: generating sustainable yield, strengthening mainnet security, and providing additional liquidity for the Superchain ecosystem—creating value across multiple dimensions.

Motivation

Following the 4844 upgrade, the Superchain ecosystem has accumulated substantial ETH revenue while continuing its steady expansion. However, there has been insufficient public discussion and transparency regarding the management of this ETH income. In contrast, the Arbitrum DAO has already initiated discussions and implemented a clear execution strategy. To maintain competitiveness, the Superchain should consider taking definitive action in treasury management.

Detail

Recommendations for Superchain Treasury ETH Management

To optimize utilization of ETH revenue generated within the Superchain ecosystem, we propose the following initiatives, with specific parameters to be determined independently by each OP Stack-based L2:

  • Retain a portion of ETH revenue in the treasury – Maintaining ETH holdings enhances asset diversity and demonstrates alignment with and support for the Ethereum ecosystem.
  • Allocate a portion of treasury ETH into Liquid Staking Tokens (LSTs) – This enables participation in Ethereum mainnet staking, contributing to its decentralization and security while generating additional yield. These LSTs can further be deployed in DeFi protocols to provide liquidity and drive ecosystem growth.

When developing an ETH-to-LST allocation strategy, we strongly recommend following ENS’s treasury approach, where no single LST exceeds 20% of the allocation. This diversification is crucial for maintaining the health and resilience of the Ethereum staking ecosystem.

Stakeholders

The submitters are contributors from the Rocket Pool community, which has been dedicated to implementing decentralized Ethereum staking since day one. Rocket Pool is currently the only LST protocol with 100% permissionless nodes, offering the highest degree of decentralization. The Rocket Pool GMC has approved the Star project, providing incentives to DAOs that mint and adopt rETH, with current incentive rates of 0.05% for the first 10,000 rETH and 0.025% thereafter. We welcome the inclusion of Rocket Pool’s rETH in the reserve ETH LST portfolio.