#88

Rocket Pool ETH

RETH
0.02454254 BTC
$2.02K
24h: -1.08% 7d: -4.26%
All Time High $4.81K Dec 1, 2021
24h
$2.02K $2.06K
24h Volume $3.54M

Price Chart

About Rocket Pool ETH

Rocket Pool ETH (RETH)

Rocket Pool ETH (rETH) is a cutting-edge liquid staking token that operates within the Rocket Pool protocol, a decentralized staking pool designed specifically for Ethereum. As a part of the Polygon Ecosystem, Arbitrum Ecosystem, Optimism Ecosystem, and other networks, rETH provides unique opportunities for Ethereum holders.

What is Liquid Staking?

Liquid staking allows users to stake their Ethereum while still retaining liquidity through the issuance of liquid staking tokens. In the case of Rocket Pool, rETH represents a proportional amount of ETH that is actively being staked, generating rewards in the Ethereum Proof-of-Stake system.

The Value Proposition of rETH

As Rocket Pool node operators stake Ethereum, the rewards earned from this process lead to an appreciation in the value of rETH relative to ETH. This innovative model enables holders of rETH to not only participate in staking but also benefit from potential increases in value.

Key Features

  • Decentralization: Rocket Pool promotes a decentralized approach to staking, reducing reliance on centralized exchanges.
  • Increased Liquidity: rETH allows users to access liquidity while still earning staking rewards.
  • Multi-Ecosystem Compatibility: Available across various ecosystems including Base and Manta Network, enhancing its versatility.

Discover the potential of Rocket Pool ETH (rETH) and experience the future of staking in the Ethereum ecosystem.

Suggest Edit

Categories

Polygon Ecosystem Arbitrum Ecosystem Liquid Staking Tokens Ethereum Ecosystem Optimism Ecosystem Base Ecosystem Liquid Staked ETH Liquid Staking

Market Data

Rank
#88
Market Cap
$891.79M
Volume
$3.54M
Circulating Supply
434.99K RETH
Total Supply
434.99K RETH
Max Supply
N/A

Additional Information

Genesis Date
24h Market Cap Change
$22.11M
24h Market Cap Change %
2.54%