Rocket Pool, launched in 2016, simplifies Ethereum staking with its unique, community-driven, decentralized rETH token protocol. More
| Fully Diluted Valuation | $1.98B |
|---|---|
| 24H Trading Volume | $19.22M |
| 24H Low / High | $4.79 K / $ 4.90 K |
| Circulating Supply | 406.03 K |
| Total Supply | 406.01 K |
| Max Supply | ∞ |
| Categories | Liquid Staking Tokens 7 more |
|---|---|
| Founder | Dave |
| Website | rocketpool.net |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 5 more |
| Explorer | Basescan 9 more |
| Contracts |
0xae7....c6393
5 more
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| Name | Pair | OG Score |
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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), Aerodrome (Base)Balancer V2Uniswap V3 (Optimism) cryptocurrency exchanges.
