Rocket Pool is an innovative protocol in the world of decentralized finance (DeFi), redefining the staking experience on the Ethereum network by providing a decentralized solution for Liquid Staking Derivatives. Thanks to its smart design, Rocket Pool allows any user to participate in the staking process without the need to run a full node or commit to an amount of 32 ETH.
💠 How does Rocket Pool work?
The platform brings together smart contract node operators and stakers within a secure and flexible network:
🖥️ Node operators run smart contracts with a low deposit of just 16 ETH, and Rocket Pool covers the rest from contributions of other users.
💧 Stakers can deposit any amount of ETH (even less than 0.01 ETH) to become part of the staking, and in return, they receive the rETH token, a liquid staking derivative that reflects staking earnings and ensures full liquidity of funds.
🔑 What is rETH?
rETH is a token representing the user's share in staking, and it can be traded or used in other DeFi applications, giving users the freedom to manage their assets without having to wait for the long un-staking period on the Ethereum network.
🪙 The role of RPL
The RPL token is the beating heart of governance and services in Rocket Pool:
It is used by node operators as collateral to run smart contracts.
It allows the community to participate in voting and make decisions about the protocol's development.
🌟 Why Rocket Pool?
✅ True decentralization reduces the risks associated with centralized staking providers.
✅ Ability to enter with small amounts.
✅ High liquidity via rETH.
✅ Additional rewards for node operators using RPL.
Rocket Pool represents a revolutionary step towards a more inclusive and flexible staking system on Ethereum, making it an ideal choice for users looking to earn yields from staking while maintaining the liquidity of their assets.