Rocket Pool price is $6.49
| Market Rank | #420 |
|---|---|
| Market Cap | $ 139.8M |
| Volume 24h | $ 12.6M |
| Circ. Supply | 21.5M |
| Total Supply | 21.5M |
| Max Supply | ? |
As of today, the price of Rocket Pool (RPL) is $ 6.49. In the last 24 hours, the price has increased by +11.73%%.
Rocket Pool (RPL) is known as one of the most decentralised liquid staking protocols on the Ethereum blockchain. This platform allows individuals to participate in the staking process by depositing as little as 0.01 ETH. In exchange, they receive the rETH liquid staking token.
The team behind Rocket Pool has a strong background in the blockchain industry, having been involved in the staking space since 2016. This gives them an extraordinary pedigree and track record that is without peer in the industry. However, specific individuals behind the project have not been highlighted.
Rocket Pool operates in a fully non-custodial manner, which means there is no third party that holds or controls the assets of a user. Stakers can participate in the staking process by placing as little as 0.01 ETH in the platform. Doing so provides them with the rETH liquid staking token.
The platform is also open to node operators who wish to join. This process is fully permissionless and requires only 16 ETH instead of the usual 32 required by other platforms. In return, node operators receive an increased ROI from both operator commissions and RPL rewards.
A highlight of Rocket Pool is its bespoke non-custodial and decentralized nature. It allows for liquid staking wherein investors can stake with as low as 0.01 ETH instead of requiring a substantial amount. This makes the protocol accessible to a broader audience.
Additionally, Rocket Pool's approach to node operators is unique. By allowing them to join with only half the standard required amount, they cultivate a more capable and diverse operator base. Furthermore, well-performing operators profit from the protocol through both RPL rewards and operator commission, creating a strong incentive to maintain a high performance.
The security of the Rocket Pool network ties into Ethereum's security due to it being a protocol on the Ethereum blockchain. The Rocket Pool protocol itself is secured through economic incentives for node operators, encouraging them to maintain good behavior and strong performance.
As of now, there is a circulating supply of 21.5M of the Rocket Pool token.
You can purchase Rocket Pool (RPL) on any of the following exchanges that support RPL trading: Probit, Tokenize, BitMax, Korbit, Coinone.
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