Open Dollar Anouncements
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Official announcement channel for Open Dollar

There is no official Open Dollar chat on Telegram, beware of copycats!

All of our socials and official links can be found here: https://linktr.ee/opendollar
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3️⃣/🔟 History 📆

Rocket Pool was founded by David Rugendyke, designed with the Mauve Paper released by @VitalikButerin back in 2016.

While the original idea was to simply be a node, the alpha prototype was launched in 2017, and mainnet was launched in 2021.
— Open Dollar (@open_dollar)
Feb 1, 2024
4️⃣/🔟 Why they’re popular 🌟

Several key factors have contributed to Rocket Pool’s popularity, including:

🟠 Their decentralized model
🟠 Reducing the entry barrier for ETH staking
🟠 Community governance
🟠 Tokenomics and rewards
🟠 Ease of use
— Open Dollar (@open_dollar)
Feb 1, 2024
5️⃣/🔟 How it works 💡

Users deposit ETH and receive $rETH in return.

Deposited ETH is used to operate validators.

$rETH accumulates rewards from the Rocket Pool validators, causing it’s value to go up over time.

$rETH can be exchanged for its value in ETH at any time.
— Open Dollar (@open_dollar)
Feb 1, 2024
6️⃣/🔟 Features 📲

🟠 Low minimum: Earn yield on 0.01 ETH or more
🟠 Value accrual: $rETH holders earn rewards over time
🟠 Easy unstaking: No lockup periods
🟠 Use in DeFi: Widely accepted across various protocols
— Open Dollar (@open_dollar)
Feb 1, 2024
7️⃣/🔟 Governance 🗳

Two DAOs structure:

🚀Rocket Pool DAO - $RPL stakers and node operators vote on network upgrades, protocol parameters, and other major changes.

🔮RPL Oracle DAO - Provides key data to the Rocket Pool network, members consist of Oracle node operators.
— Open Dollar (@open_dollar)
Feb 1, 2024
8️⃣/🔟 Stats 📊

Rocket Pool currently has over 858,112 ETH staked across 3,487 node operators in 136+ regions, making it the most decentralized ETH staking network.

The current market capitalization for $rETH stands at $1.61B according to @coinmarketcap
— Open Dollar (@open_dollar)
Feb 1, 2024
9️⃣/🔟 Conclusion 🏁

For all of the above reasons and more, Rocket Pool is one of the most trusted liquid staking solutions for the ETH network.

Open Dollar is proud to support $rETH as a collateral type from day 1.

To learn more visit their website at https://t.co/g0XjqI6Jjr
— Open Dollar (@open_dollar)
Feb 1, 2024
🦸‍♂️ Are you a DeFi enthusiast with content creation skills and a growing following?

Open Dollar’s Ambassador Program is now live and accepting a limited number of applicants!

📖 Read more:
https://t.co/LulAI7oVkn https://t.co/46l3VTasy9
— Open Dollar (@open_dollar)
Feb 4, 2024
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Open Dollar's NFVs allow vaults to be transfered and traded easily - meaning OD stablecoin holders could buy a vault and redeem their OD for the underlying collateral at any time.

The safest stablecoins are the ones which allow you to exit them easily https://t.co/Xpwz5gIsoS
— Open Dollar (@open_dollar)
Feb 5, 2024
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Join this space live from Arbitrum as contributors discuss managing Arbitrum's $6.4B treasury.

As they seek to diversify holdings and move into more stablecoins, will they deposit into Open Dollar and use the $OD stablecoin? https://t.co/qph9kTN52N
— Open Dollar (@open_dollar)
Feb 6, 2024
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1️⃣🎙️ DeFi hour is back, with a brand new episode featuring @metastreetxyz!

We’ll be joined by Metastreet’s COO & Co-Founder @_ConorMoore to learn about NFTfi, yield stacking, and applications beyond JPEGs 🖼️

🗓️ Thursday, February 8th at 4 PM EST

https://t.co/Tda1wdDVki https://t.co/EX4EJSXQkP
— Open Dollar (@open_dollar)
Feb 6, 2024
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@metastreetxyz @_ConorMoore 2️⃣🔗 The event will be hosted in our Discord⁠’s Community Event Stage https://t.co/aM2ieFZrdz and also broadcasted here on our Twitter.

Join our Discord to ask questions during the event!
— Open Dollar (@open_dollar)
Feb 6, 2024
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It’s time to meet the delegates 🗣️

If you’re interested in being a delegate, we’d like to invite you to tweet why you’re excited for Open Dollar & why you’d make a great candidate to delegate voting power to.

We’ll re-tweet one each day spotlighting our awesome candidates ⭐️ https://t.co/oujqFl7Hst
— Open Dollar (@open_dollar)
Feb 7, 2024
⌛️ Just one hour to go until our DeFi hour with @metastreetxyz!

🔗 The event will be hosted in our Discord⁠’s Community Event Stage https://t.co/40rFv1roSy and also broadcasted here on our Twitter.

See you there! 👀 https://t.co/evG85e96Fv
— Open Dollar (@open_dollar)
Feb 8, 2024
Want points for attending our DeFi Hour with @metastreetxyz today at 4PM EST?

🎁 Check out our latest quest on Zealy_io: https://zealy.io/c/opendollar/questboard/fdb3b9b0-3cdf-425a-8ceb-6072f0100306

👀 Look out for the code which will be displayed during the stream.

🏆 Submit the code within 60 minutes of the end of the event to claim your points!
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🎙️ In this article, we invited @contentguildxyz to interview our CEO @CupOJoseph.

Joseph tells the story of Open Dollar; a tale of innovation borne of necessity, resilience borne of mathematics, & the pursuit of a truly transformative DeFi experience.

https://t.co/DX31dOXyzg
— Open Dollar (@open_dollar)
Feb 9, 2024
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