Rocket Pool: A Decentralized Ethereum Staking Protocol
Rocket Pool is a decentralized staking protocol built on the Ethereum blockchain. It allows users to stake their ETH without needing to run their own validator nodes, making staking more accessible and secure.With Rocket Pool, users can participate in Ethereum staking with as little as 0.01 ETH, which lowers the barrier to entry compared to solo staking that requires 32 ETH. The protocol uses a network of node operators who manage the validators, and stakers earn rewards by depositing ETH into the Rocket Pool smart contracts.
This product enhances decentralization by distributing staking across multiple operators, reducing risks of centralization. Rocket Pool also includes features like rETH, a liquid staking token that represents staked ETH and can be used in other DeFi applications.
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