Rocket Pool is a decentralized Ethereum 2.0 staking network that simplifies earning rewards on ETH holdings. Its native governance token, RPL, powers node operations and community governance. This guide covers everything from Rocket Pool’s functionality to buying RPL tokens.
What Is Rocket Pool?
Rocket Pool is a trustless staking protocol for Ethereum 2.0, enabling users to stake ETH with reduced capital and hardware requirements. Key features:
- Liquid Staking: Users deposit ETH to receive rETH, a token that accrues staking rewards over time.
- Node Flexibility: Operators can run nodes with 16 ETH (vs. Ethereum’s 32 ETH requirement) and collateralize with RPL (minimum 10% of ETH value).
- Decentralized Governance: RPL holders vote on protocol upgrades and policy changes.
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Founders & Tokenomics
- Founder: David Rugendyke, an Ethereum Solidity developer since 2016.
- RPL Launch: Presold in 2017 at $0.98/token (initial max supply: 18M RPL).
Distribution:
- 54% to presale investors
- 31% via rewards/airdrops
- 15% to the Rocket Pool team
Current RPL price, market cap, and trading volume can be tracked on platforms like CoinStats.
How Rocket Pool Works
- Deposit ETH: Users stake any amount (no 32 ETH minimum).
- Receive rETH: A liquid token representing staked ETH + rewards.
Node Operation:
- Nodes stake 16 ETH + RPL collateral.
- Earn rewards from their ETH and commissions.
- Oracle System: Bridges Ethereum 1.0 and 2.0 activity.
Where to Buy RPL
RPL is available on:
- DEXs: Uniswap v3
- CEXs: BKEX, Hotbit, XT.COM
FAQ
Q: What’s the minimum ETH to stake on Rocket Pool?
A: No minimum! Unlike solo staking (32 ETH), Rocket Pool pools smaller deposits.
Q: Is RPL used for staking?
A: Yes—node operators collateralize with RPL (10%+ of ETH value).
Q: How does rETH work?
A: It’s a liquid staking derivative that grows in value as rewards accumulate.
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Keyword Focus: Rocket Pool, RPL token, Ethereum staking, rETH, decentralized governance.