Rocket Pool (RPL) offers decentralized, trustless Ethereum 2.0 staking, enabling participation with any amount of ETH. More
| Fully Diluted Valuation | $107.64M |
|---|---|
| 24H Trading Volume | $5.31M |
| 24H Low / High | $4.65 / $ 4.97 |
| Circulating Supply | 21.79M |
| Total Supply | 21.79M |
| Max Supply | ∞ |
| Categories | Consensys Portfolio 13 more |
|---|---|
| Founder | David Rugendyke |
| Website | rocketpool.net Whitepaper |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Polygonscan 4 more |
| Contracts |
0xd33....1a51f
2 more
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| Name | Pair | OG Score |
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Rocket Pool: A Decentralized Ethereum 2.0 Staking Protocol
Rocket Pool stands out as a decentralized, trustless, and permissionless Ethereum 2.0 staking protocol, revolutionizing how users participate in the Ethereum Proof of Stake (PoS) consensus mechanism. Unlike traditional staking, Rocket Pool allows users to stake less than 32 ETH, significantly lowering the entry barrier and ensuring true democratization of ETH2 staking.
Flexible Staking Options for All
One of Rocket Pool's key features is its support for staking more than 32 ETH to run a validator node on the Ethereum 2.0 blockchain. This flexibility empowers users with varying amounts of ETH to participate in staking and contribute to the network's security and decentralization.
Promoting Self-Sovereignty in DeFi
The protocol's non-custodial and trustless nature promotes self-sovereignty within the decentralized finance (DeFi) market. By allowing users to stake as little as 0.01 ETH through its protocol, Rocket Pool opens up ETH2 staking to a broader audience, including those who may lack the technical skills or financial means to own 32 ETH.
RPL: The Backbone of the Protocol
Central to Rocket Pool is its utility token, RPL, which serves as the backbone of the protocol. Node operators within Rocket Pool are required to provide RPL as collateral, ensuring the security and integrity of the network. In return, node operators receive rewards in RPL based on the amount of collateral they provide.
Innovative Features for Enhanced Functionality
The platform's innovative approach extends to its offering of rETH, a staked ETH wrapper that allows users to participate in additional activities without compromising liquidity on the network. These wrapped tokens serve as essential building blocks for the Ethereum 2.0 network, enhancing its overall functionality and utility.
Continued Evolution and Future Upgrades
Since its inception in 2016, Rocket Pool has undergone several significant developments, including the launch of its mainnet in October-November 2021. The platform continues to evolve, with future upgrades planned to enhance user experience and integration with partners' products.
Conclusion: Empowering the Future of DeFi
In conclusion, Rocket Pool is at the forefront of revolutionizing Ethereum 2.0 staking, making it more accessible, decentralized, and secure. With its innovative features and commitment to user empowerment, Rocket Pool is poised to play a crucial role in the future of decentralized finance on the Ethereum network.
Rocket Pool is unique for its decentralized, trustless, and permissionless Ethereum 2.0 staking protocol, allowing users to stake any amount of ETH, even less than 32 ETH, and participate in staking or run a validator node, thus democratizing ETH2 staking.
Rocket Pool was founded by David Rugendyke in 2016, with the aim of lowering the entry barrier for ETH holders to participate in staking, ensuring better network decentralization and security.
You can buy Rocket Pool (RPL) on Binance, MEXC, Bitget, BybitGate.io cryptocurrency exchanges.
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