Rocket Pool ETH
RETH Price
Rocket Pool, launched in 2016, simplifies Ethereum staking with its unique, community-driven, decentralized rETH token protocol. More
| Fully Diluted Valuation | $1.40B |
|---|---|
| 24H Trading Volume | $2.70M |
| 24H Low / High | $3.38 K / $ 3.51 K |
| Circulating Supply | 413.40 K |
| Total Supply | 413.40 K |
| Max Supply | 0.00 |
| Categories | Liquid Staking Tokens 7 more |
|---|---|
| Founder | Dave |
| Website | rocketpool.net |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Basescan 9 more |
| Contracts |
0xae7....c6393
4 more
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| Name | Pair | OG Score |
|---|
Rocket Pool, a pioneering decentralized Ethereum staking protocol, has been making waves in the crypto community since its inception in 2016. As a first-of-its-kind Proof of Stake Protocol, it's designed for the Ethereum 2.0 ecosystem, offering a unique blend of community ownership, decentralization, and trustlessness. The core of Rocket Pool's innovation is its liquid staking token, Rocket Pool ETH (rETH), which represents staked ETH and any accrued fees, mirroring the earnings from staking ETH on the platform. With Rocket Pool, users can stake as little as 0.01 ETH, opening up Ethereum staking to a wider audience.
The rETH token stands out for its functionality and utility. By staking ETH, users receive rETH in a 1:1 ratio to the value of their staked ETH. The value of rETH grows over time, reflecting the total ETH staked and Beacon Chain rewards. This growth is safeguarded by Rocket Pool’s insurance mechanisms, protecting the value from node slashing and downtime. Holding rETH in a compatible wallet automatically grants the holder staker status, with rewards accumulating over time. Furthermore, rETH can be traded on the Rocket Pool platform for ETH, plus any additional rewards, and can also be used in various DeFi applications, traded, lent out, or used as collateral.
Rocket Pool's approach is designed to lower the barriers to entry for running Ethereum nodes, addressing the challenges of the required 32 ETH for solo staking and the technical complexities involved. By offering a platform that is both accessible and efficient, Rocket Pool is not only a key player in the Ethereum ecosystem but also a facilitator for broader participation in cryptocurrency staking and DeFi activities. As the protocol continues to evolve, its impact on the Ethereum landscape remains significant, driven by its commitment to innovation and community-driven development since its launch in 2016.
Rocket Pool ETH (RETH) stands out as a decentralized, community-owned Proof of Stake Protocol, designed to make Ethereum staking accessible with a minimal entry threshold.
The founder of Rocket Pool is Dave, who initiated the project in 2016, focusing on developing a user-friendly Ethereum staking platform.
While Rocket Pool ETH (RETH) isn't directly backed by specific investors or venture capitalists, its existence and potential success rely on the support of various entities within the crypto ecosystem.
You can buy Rocket Pool ETH (RETH) on Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum One), Pancakeswap V3 (Ethereum)Aerodrome (Base)Balancer V2 cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Rocket Pool ETH RETH. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Rocket Pool ETH (RETH) is ($413,402), max supply of Rocket Pool ETH RETH is ($0) and the market cap of Rocket Pool ETH RETH is ($1,401,450,926).
What is the Rocket Pool ETH (RETH) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Rocket Pool ETH (RETH) is $3,399. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Rocket Pool ETH (RETH) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Rocket Pool ETH RETH) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Rocket Pool ETH (RETH) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Rocket Pool ETH (RETH) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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