What is Rocket Pool?
Rocket Pool is a decentralized staking protocol designed specifically for the Ethereum (ETH) ecosystem. It allows users to stake their ETH holdings and earn rewards through a unique liquid staking model. This model enables users to participate in staking without needing to run their own nodes or meet the high capital requirements typically associated with Ethereum staking.
| Coin Website: rocketpool.net | |
| Total Supply of Tokens: 20,706,749 RPL | |
| Protocol: Ethereum |
Key Features of Rocket Pool
- Decentralized Node Operator Network: Users can either join the existing network of node operators or run their own nodes with a minimum requirement of only 16 ETH, significantly lower than Ethereum’s native requirement of 32 ETH for staking.
- Liquid Staking: Rocket Pool offers liquid staking, which means that instead of simply adding to their initial staked collateral, users benefit from an increasing exchange rate. This approach avoids taxable events that occur when additional collateral is added.
- Smart Nodes: The platform provides custom node software known as smart nodes, allowing anyone to operate a node on its network. This feature enhances decentralization and minimizes risks associated with penalties from bad nodes by distributing losses across the network.
- Tokenized Staked ETH (rETH): When users stake their ETH, they receive rETH in return, which reflects the performance of the entire network of node operators. This token allows for flexibility in staking amounts, enabling participation from as little as 0.01 ETH up to 32 ETH.
- Insurance Mechanisms: To protect against slashing (penalties incurred by validators), Rocket Pool incorporates insurance mechanisms that safeguard user investments.
- Governance and Rewards: RPL tokens serve as governance tokens within the Rocket Pool ecosystem and can be staked by node operators to earn additional rewards.
Main Competitors of RPL
Rocket Pool is often compared to Lido, another popular staking platform; however, it emphasizes decentralization and trustlessness more than Lido does, which relies on a permissioned set of validators.
In summary, Rocket Pool represents an innovative solution for Ethereum holders looking to engage in staking while maintaining flexibility and minimizing risk through its decentralized structure and liquid staking model.
Long Term Price Prediction Table
| Year | Est. Min. Price | Est. Max. Price |
| 2024 | 9.39$ | 39.14$ |
| 2025 | 12.25$ | 46.37$ |
| 2026 | 21.24$ | 68.18$ |
| 2027 | 24.38$ | 75.40$ |
| 2028 | 27.42$ | 79.16$ |
| 2029 | 31.83$ | 88.32$ |
| 2030 | 40.11$ | 102.72$ |
| 2035 | 55.76$ | 147.58$ |
| 2040 | 78.99$ | 196.41$ |
Trading Score: Good
The Bullcoins Trading Score is based on overall Coin Exchange Performance and Trader Sentiment. This Rating doesn’t signal live market conditions.
Frequently Asked Questions:
You can purchase this coin on one of the many exchanges that have it available for trading. If you don’t have an account on any exchange, choose one from the exchanges list on this page.
If you don’t want to keep it in your exchange account’s balance, a wide range of wallets support the Ethereum Protocol, some storage options include: MetaMask, Trust Wallet, Coinbase wallet.
What is a Trading Score?
The Bullcoins Trading Score is based on overall Coin Exchange Performance and Trader Sentiment. This Rating doesn’t signal live market conditions. The order of these scores is: Low, Average, Fair, Good and Excellent