rETH2 is a token representing users' staking rewards from the StakeWise Pool. More
| Fully Diluted Valuation | $1.17M |
|---|---|
| 24H Trading Volume | $37 |
| 24H Low / High | $2.55K / $ 2.57K |
| Circulating Supply | 454.87 |
| Total Supply | 454.87 |
| Max Supply | ∞ |
| Categories | Liquid Staking 2 more |
|---|---|
| Founder | Anonymous |
| Website | stakewise.io |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0x20b....486c5
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| Name | Pair | OG Score |
|---|
rETH2 is a token that represents the rewards you earn from staking Ethereum (ETH) in the StakeWise Pool. It tracks these rewards on a 1:1 basis, meaning one rETH2 token equals one unit of your earned rewards.
How rETH2 Works
rETH2 does not represent physical ETH. Instead, it reflects rewards recorded on the Beacon Chain. The Beacon Chain keeps track of rewards through StakeWise validators, and these records are used to back rETH2 tokens through Oracles.
About the StakeWise Pool
The StakeWise Pool is a system where your staked ETH is combined with others' ETH in a shared pool. When you deposit ETH, it gets converted into sETH2, a token that represents your stake. Holding sETH2 means you earn rewards from the pool.
Benefits of rETH2
rETH2 allows you to access and use your staking rewards more easily. It also makes your staked ETH more liquid, letting you take advantage of additional opportunities in decentralized finance (DeFi) applications.
In short, rETH2 helps you keep track of and use your staking rewards from the StakeWise Pool while offering more flexibility and options in DeFi.
rETH2 uniquely represents staking rewards from the StakeWise Pool on a 1:1 basis, leveraging Beacon Chain records to back each token. This ensures precise tracking and liquidity for earned rewards.
The founders of rETH2 are the team behind the StakeWise Pool, which includes experts in Ethereum staking and decentralized finance.
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