RocketPool is an Ethereum 2.0 staking pool. Liquidity providers can earn rewards in RPL token in lieu for adding ETH to ETH2 pools. Rocket Pool’s liquidity exchange’s USP is that liquidators can benefit from rising interest rates of the exchange instead of rebasing their collateral amount. Users can stake a minimum amount of 0.01 ETH.
The platform offers smart nodes, a custom node operating feature that allows stakers to run their own node in order to create a safe and truly decentralized ETH staking experience.
| Launch Date | 2016 |
| Founder | David Rugendyke |
| Blockchain Protocol | Delegated Proof-of-Stake |
| Native Token | RPL |
| Market Cap | ₹31,896,161,339 |
| Token Type | DeFi token |
| Circulating Supply | 10,279,742 RPL |
| Max Supply | 18,970,871 |
| Consensus Method | Delegated Proof-of-Stake |
WHO ARE THE FOUNDERS OF ROCKET POOL?
Rocket Pool was designed by David Rugendyk in 2016. The platform is managed by Darren Langley who has over 18 years of experience in e-commerce and application architecture development. The platform is backed by ConsenSys ana KR1.
HOW DOES ROCKET POOL WORK?
The pools manage two tokens – Rocket Pool token (RPL) and rETH – tokenized Ethereum. Users deposit Ethereum into Rocket Pool smart contract which further manages and operates staking ETH onto Beacon chain – the blockchain that was merged with Ethereum blockchain to move from Proof of Work consensus mechanism to Proof of Stake mechanism. rETH insures stakers on the platform from slashing (slashing is a penalty charged in case of any misconduct done on the ETH2.0 chain)
WHAT MAKES ROCKET POOL UNIQUE USE CASES?
Tokenized ETH: users who stake their ETH funds on the platform receive rETH which allows them to accrue staking rewards. The staking rewards also depend on the performance of the node operators.
Staking-as-a-service: Rocket Pool works as a staking as a service platform allowing everyone to participate in the liquidity pool. An individual can stake from a minimum of 0.1 ETH to 32 ETH.
Node staking: users can stake 16 ETH through a node and receive another 16 ETH required to stake on the beacon chain. These are minipools on the protocol.
ROCKET POOL (RPL) PRICE ANALYSIS
RPL’s 50 day Moving Average is $38 ~ INR 3,098.41 and an ROI of 3514.65%. The overall RPL volume recorded is $11.32 M and a price change by 5.98% in the last 24 hours. The MACD (12, 26) of RPL is 0.65 indicating a neutral sentiment. While most indicators show a neutral value, the RSI indicates that the token is overbought.
Source: TradingView
| RPL Price Today | ₹3,140.82 |
| Price Change <Yearly> | 42.31% |
| Market Dominance | 0.04% |
| Market Rank (as per CMC) | 92 |
| Market Cap | ₹32,315,239,566 |
| Fully Diluted Market Cap | ₹59,605,957,525 |
| ATH | ₹12,614.96 |
| ATL | ₹7.43 |
HOW TO BUY ROCKETPOOL (RPL) TOKEN IN INDIA?
Want to buy RocketPool (RPL) tokens in India, CoinDCX is the best-suited place. Being India’s leading crypto exchange, CoinDCX is also one of the best Bitcoin and crypto apps for beginners. To begin with, all you have to do is,
- Download the CoinDCX App on your smartphone
- Enter the details required for registration
- Complete KYC
- Once your profile is verified, fund your CoinDCX wallet and buy RocketPool (RPL)
Read more: Latest Crypto News
Related posts
What is Alien Worlds (TLM)? How to Buy TLM Token in India?
Alien Worlds: Explore, compete, and thrive in a decentralized NFT metaverse.
What is eCash (XEC)? How to Buy XEC Token in India?
eCash (XEC): Revolutionizing digital transactions, leaving Bitcoin’s shadow in style!
