Rocket Pool is a decentralized protocol that solves liquidity-related issues when users participate in staking on Ethereum 2.0. Similar to Lido Finance, Rocket Pool is also a prominent project in the Liquid Staking segment but there are differences in the operating mechanism. Let’s understand more deeply about this project!
What is Rocket Pool?
Roket Pool is a project in the Liquid Staking segment that solves the problem of users’ assets being locked when participating in staking on Ethereum 2.0 and is also a solution for those who do not have enough 32 ETH to participate in staking or deploy a node. on the Beacon Chain.
To put it simply, instead of normally wanting to participate in staking or deploying a node on Ethereum, you need a minimum of 32 Ethereum. With Roket Pool, you only need 16 Ethereum if you want to run a node or 0.01 Ethereum to participate in regular staking. . rETH is the token that represents the amount of Ethereum you deposit into Rocket Pool’s pool.
The Difference Of Rocket Pool
Rocket Pool’s product suite
Rocket Pool provides 2 products so users can choose according to the amount of assets they have and their position.
- Stake + Run Node: If you want to both stake and run a node, you only need 16 ETH to do this (reduced by half compared to the actual number). Besides, it helps you receive a higher APR than regular staking, only about 4.66%.
- Stake ETH: Only need a minimum of 0.01 Ethereum to join easily with an APR of about 4.66%.
With products Stake + Run Node will be matched by 16 Ethereum from the user + 16 Ethereum from the pool Stake ETH will be eligible to deploy 1 node on the Beacon Chain.
Factors that form Rocket Pool
There are 6 elements that make up the Rocket Pool project including:
- Liquid Staking: With rETH helps users unlock liquidity while still receiving profits from ETH staking. rETH is heavily used in DeFi protocols.
- Smart Nodes: Anyone can deploy a node on Beacon Chain through Rocket Pool.
- Infastructure
- Smart Contract: Rocket Pool with completely open source code. Besides, Smart Contract has also been thoroughly audited.
- Minimized Penalty Risk: Minimize risks for single users when nodes encounter bad operating problems.
- Experience: Developed since 2016 and certified by Vitalik Buterin, it can be said that Rocket Pool is one of the oldest projects still being developed in the crypto market.
Core Team
David Rugendyke: Founder & CTO
- David holds a bachelor’s degree in Computer Science from Southern Cross University.
- David has over 18 years of commercial experience as a senior developer in the Computer Science industry and started building Rocket Pool in 2016.
- Currently, David is both the Founder and Chief Technology Officer of Rocket Pool.
Darren Langley: General Manager
- Darren holds a bachelor’s degree in Computer Science from the University of Kent.
- Darren used to work as a senior Blockchain consultant at
- Darren has also held many senior positions at many large companies and corporations such as
- In particular, Darren spent 9 months with Rocket Pool at the position of Senior Blockchain Engineer in 2018, but it was not until May 2021 that Darren returned to Rocket Pool with a much higher position. Truly Going To Come Back!
Kane Wallman: Senior Blockchain Engineer
- Kane has 15 years of experience in website and application development. In 2017, Kane also participated in development on Ethereum.
Tokenomics
Information about Rocket Pool tokens
- Token name: Rocket Pool
- Code: RPL
- Blockchain: Ethereum
- Token classification: ERC 20
- Contract: 0xd33526068d116ce69f19a9ee46f0bd304f21a51f
- Total supply: 18,859,620
Exchanges
Currently Rocket Pool is being traded on a number of exchanges such as MEXC, Kraken, XT.com, CoinEX, Uniswap,…
Rocket Pool’s Information Channel
Website: https://rocketpool.net/#header
Twitter: https://twitter.com/Rocket_Pool
Medium: https://medium.com/rocket-pool
Discord:
