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Rocket Pool (RPL)

Knowledgebase
  • Overview:
    Rocket Pool is a decentralized Ethereum staking platform designed to lower barriers to Ethereum staking. Its governance token, RPL, provides incentives and manages protocol governance decisions.

  • Functionality and Usage:
    Rocket Pool allows users to stake ETH with lower minimum deposits, offering flexibility and liquidity with tokenized staking (rETH). Node operators use RPL tokens as collateral, incentivizing performance and security. RPL tokens also enable participation in governance.

  • History:
    Founded by David Rugendyke in 2016, Rocket Pool launched its mainnet in November 2021, becoming popular due to decentralization, lower staking thresholds, and ease of access for retail investors.

  • Outlook:
    Rocket Pool’s future depends on Ethereum’s staking growth, decentralized staking preferences, and its ability to attract node operators. Its decentralized nature positions it favorably amid increased concerns around centralized staking providers.

  • Founder:
    David Rugendyke.

  • Contract Address (Ethereum):
    0xD33526068D116cE69F19A9ee46F0bd304F21A51f

  • CoinMarketCap Listing: Rocket Pool (RPL)