Rocket Pool (RPL)

Rocket Pool is a decentralized platform built on the Ethereum blockchain that enables users to stake their Ethereum holdings and earn rewards for contributing to the security and stability of the network. The platform allows users to pool their ETH and participate in the Ethereum 2.0 Proof of Stake (PoS) consensus mechanism without having to run their own validator nodes.

One of the key features of Rocket Pool is its decentralization. The platform uses a network of independent node operators to secure the network, rather than relying on a centralized entity. This makes Rocket Pool more resistant to attacks and more resilient in the face of network disruptions.

Another unique feature of Rocket Pool is its "minipool" system. Users can pool their ETH with other users in a smaller group, allowing them to participate in staking without having to put up the full 32 ETH required to run a validator node on their own. This makes staking more accessible to a wider range of users and helps to decentralize the network further.

Rocket Pool also offers a range of tools and services to help users manage their staking activities, including a dashboard for monitoring staking performance, a reward calculator for estimating potential earnings, and a delegation service for users who do not wish to run their own nodes.

Rocket Pool is a promising platform that offers a decentralized, accessible, and user-friendly way to participate in the Ethereum 2.0 staking process. Its focus on decentralization, security, and ease-of-use makes it a popular choice among users looking to earn rewards through staking, and it is likely to continue to grow in popularity as the Ethereum network continues to evolve.

With a total market cap of over $502 million, Rocket Pool is the No. 83 cryptocurrency by market size. The currency symbol for Rocket Pool is RPL. Rocket Pool is the token issued by the Rocket Pool platform. There will only ever be 18.9 million Rocket Pool tokens issued. So far 19.8 million tokens (104.6% of the total supply) have been issued.

Rocket Pool has migrated to a new contract address (0xd33526068d116ce69f19a9ee46f0bd304f21a51f). For more information, please read: https://medium.com/rocket-pool/rocket-pool-rpl-token-upgrade-new-addresses-e96c12c55adf.

We found crypto protocols offering up to 11.4% APY on Rocket Pool deposits (7% APY CeFi, 11.4% APY DeFi). Check out our Rocket Pool staking yields table for further details.