COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: What is Rocket Pool (RPL) Coin?
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > What is Rocket Pool (RPL) Coin?
Altcoin News

What is Rocket Pool (RPL) Coin?

In Brief

  • Rocket Pool is a decentralized Ethereum staking pool offering a maximum of 4.33% APR for ETH2 staking. Users can participate in Rocket Pool via the decentralized node operator network or manage their own nodes with a mere 16 ETH. In the latter scenario, they can accrue commissions for ETH staking, and by providing RPL collateral, […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Rocket Pool is a decentralized Ethereum staking pool offering a maximum of 4.33% APR for ETH2 staking. Users can participate in Rocket Pool via the decentralized node operator network or manage their own nodes with a mere 16 ETH. In the latter scenario, they can accrue commissions for ETH staking, and by providing RPL collateral, they can garner additional RPL rewards totaling up to 6.36% APR for ETH and supplementary RPL incentives.

Contents
What is Rocket Pool (RPL)?RPL Token AnalysisHow to Buy RPL Tokens?

What is Rocket Pool (RPL)?

Rocket Pool facilitates liquid staking, allowing users to capitalize on surging prices rather than liquidating their staked collateral, which constitutes a taxable occurrence. Moreover, Rocket Pool provides smart nodes: specialized node software enabling anyone to operate a node on their network. By distributing losses from underperforming nodes across the network, users minimize the risk of incurring penalties. This feature is bolstered by the pool’s open-source, audited smart contracts, which ensure fully autonomous staking and optimal decentralization.

Rocket Pool empowers individuals, irrespective of their financial commitment or technical expertise, to partake in ETH2 staking. Its fundamental tenet is to enable trustless ETH staking within a decentralized network of self-governing nodes supported by RPL collateral.

Complementing staking-as-a-service providers, Rocket Pool enables these entities to optimize returns by joining its network and operating a node, in exchange for which they receive rewards in ETH and RPL. Consequently, even major players like Gemini can leverage Rocket Pool by establishing nodes staking 16 ETH each. This is where Rocket Pool’s rETH, a staked ETH wrapper, comes into play.

rETH is a tokenized representation of the staked ETH in Rocket Pool, permitting stakers to engage with amounts ranging from 0.01 ETH to 32 ETH. Users stake their Ether and obtain rETH in return, which automatically accrues staking rewards based on the entire network of node operators’ performance. rETH’s value is safeguarded against disruption through insurance mechanisms; node operators stake RPL on nodes as collateral for incurred penalties.

Another mode of interaction with Rocket Pool is Node Staking. Users can stake 16 ETH, with an additional 16 ETH allocated from users depositing ETH and receiving rETH. In essence, you stake your own 16 ETH and an additional 16 ETH on behalf of the protocol. Rocket Pool dynamically adjusts the commission rate according to the supply and demand of node operators and available ETH. With this model, node operators are compensated for offering insurance to their stakers in case of penalties or disruptions. Additionally, node operators must deposit a minimum quantity of RPL as collateral.

RPL Token Analysis

With Ethereum staking gaining traction recently, Rocket Pool appears to have struck a chord. Nonetheless, analysts believe the liquid staking feature is crucial. Opinions on RPL may vary for now.

How to Buy RPL Tokens?

RPL Tokens can be swiftly and securely procured through Binance, the world’s preeminent cryptocurrency trading platform in terms of trading volume.

To acquire RPL Tokens, one must first register with Binance and subsequently transfer fiat currency. After transferring a fiat currency such as Turkish Lira or US dollars, purchases can be executed on the RPL trading pairs featuring Bitcoin (BTC), Tether (USDT), and BUSD.

Furthermore, Binance allows users to place purchase orders not only at market value but also at reduced values, enabling them to buy at their desired price. Simply utilize the Limit tab and input the quantity and price at which you wish to buy.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Pi Network Faces Community Challenges as Coin Value Declines

HYPE Coin Rockets Up with Surging Volume and Interest

Altcoin Season Surges with Critical Signals Aligning for a Bull Run

Market Faces Volatility as Altcoins Unlock Billions

Pi Network Faces Risk: Analysts Warn of Terra Luna-Like Collapse

COINTURK NEWS 4 May, 2023 - 8:07 pm 5 May, 2023 - 5:00 pm
Share This Article
Facebook Twitter
Share
Previous Article What is Floki Coin?
Next Article US Employment and Unemployment Statistics Unveiled – Current State of BTC
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Stay Ahead with Key Crypto Developments This Week
Cryptocurrency News
Cryptocurrency Markets Struggle as Bitcoin Holds Steady
Cryptocurrency News
James Howells Relentlessly Hunts for Millions in Misplaced Bitcoin
Bitcoin (BTC) Cryptocurrency News
Arthur Hayes Predicts a Significant Bitcoin Surge
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?