Rocket Pool (RPL) is a decentralized protocol built on the Ethereum blockchain that allows users to participate in Ethereum staking with several advantages:
Lower barrier to entry: Unlike Ethereum’s native staking which requires a minimum of 32 ETH (around $560,000 as of July 5, 2024), Rocket Pool lets you stake any amount of ETH (even fractions) through a process called minipool staking.
Liquidity: RPL holders receive a liquid token (rETH) in exchange for their deposited ETH. This rETH token represents your staked ETH and can be freely traded on secondary markets, providing liquidity.
Decentralized node operators: Rocket Pool utilizes a network of decentralized node operators who run validator nodes for the staked ETH. These operators are incentivized by a portion of the staking rewards.
RPL Token Utility: The RPL token is the backbone of the Rocket Pool ecosystem. It serves several purposes:
Governance: RPL holders can vote on proposals that shape the future of the protocol.
Security: RPL is staked by node operators to ensure they behave honestly. Slashing penalties for bad behavior are deducted from staked RPL.
Rewards: A portion of staking rewards are distributed to RPL stakers.
Here’s a quick summary of RPL:
Blockchain: Ethereum (ERC-20 token)
Use case: Governance, security, and rewards in the Rocket Pool decentralized staking protocol.
Total Supply: 20 million RPL
Current Price (as of July 5, 2024): ~$17.41 USD (check live prices on CoinMarketCap or CoinGecko)
Here are some additional resources you might find helpful:
Rocket Pool Website: https://rocketpool.net/
Rocket Pool RPL Token Manager Documentation: https://docs.rocketpool.net/guides/node/prepare-node
| Rocket Pool (RPL) | |
| Total supply | 20,522,127 RPL |
| Contracts: Ethereum | 0xd33526068d116ce69f19a9ee46f0bd304f21a51f |
| X: | @Rocket_Pool |
data statistics
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