Rocket Pool ETHLoading...
Price
$3,996.93 (1%)
All Time High
$4,814.31 (-17%)
Market Cap
$1,852,903,080
Volume (24h)
6,195,616
Circulating Supply
463,065 RETH
Rocket Pool ETH's price today is $3,996.93 USD, with a 24-hour trading volume of $6,195,616 USD. RETH is up 1.03% in the last 24 hours. Rocket Pool ETH is currently ranked #71 with a market capitalization of $1,852,903,080 USD.
Rocket Pool is a pioneering decentralized Ethereum staking protocol that has significantly lowered the entry barrier for participation in Ethereum's proof-of-stake consensus mechanism. It reduces the minimum staking requirement from 32 ETH to just 0.01 ETH, making it accessible to a broader range of users.
The protocol operates through a network of decentralized node operators who only need to deposit 16 ETH to create a validator, half of the standard requirement. The remaining 16 ETH come from a user-funded staking pool. Users who stake their ETH receive rETH tokens, which represent their staked amount and accrue value over time due to rewards earned by node operators.
In April 2023, Rocket Pool underwent significant changes with the Atlas Upgrade. This upgrade enabled Beacon Chain withdrawals and introduced 8-ETH bonded minipools, further democratizing participation and increasing rewards for both node operators and rETH stakers.
Rocket Pool is recognized as one of the safest liquid staking protocols for Ethereum with a total value locked (TVL) of $1.9 billion. Users can earn rewards in several ways: through ETH rewards when they stake their ETH, rETH rewards as these tokens increase in value over time, RPL rewards for node operators providing RPL collateral, and commission from the staking pool for running nodes on the network.
rETH tokens offer multiple opportunities within the Ethereum ecosystem. They can be traded on decentralized exchanges like Uniswap or Sushiswap or used in DeFi protocols such as Aura Finance, Convex Finance, and AAVE to earn additional yield.
Compared to Lido Finance's more centralized approach, Rocket Pool offers a more decentralized solution. It allows any ETH holder to become a node operator and supports partial staking, providing an insurance mechanism via its native RPL token.
In conclusion, Rocket Pool has successfully democratized participation in Ethereum's proof-of-stake consensus mechanism by lowering the staking requirement and introducing innovative features like minipools and rETH tokens.
On December 1st, 2021 08:03:50 AM, Rocket Pool ETH hit a historic high of $4,814.31 USD. It has been about 3 years ago since Rocket Pool ETH reached its peak.
On June 18th, 2022 08:55:45 PM, Rocket Pool ETH reached a bottoming price of $887.26 USD. About 2 years ago has passed Rocket Pool ETH has seen such a low price.
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