Rocket Pool (RPL)

$11.35

+1.97%

Keep up with Rocket Pool (RPL) using real-time charts and instant updates. Get a clear view of the Rocket Pool market, learn cryptocurrency trading, and dive into the dynamic world of digital finance. By monitoring the various factors affecting RPL's price, you can take advantage of extensive news coverage and insightful market analysis.

Rocket Pool (RPL) Price Real Time-Data

The live price of Rocket Pool (RPL) is $11.35 with a 24-hour trading volume of $7.83M. Its 24-hour peak value is $11.36, and its 24-hour low is $10.82. The current circulating supply is 20.75M RPL, leading to a fully diluted market capitalization of $235.64M. Rocket Pool (RPL) to USD price is updated in real-time.

What is Rocket Pool (RPL)?

Rocket Pool is a decentralized Ethereum staking pool that offers up to 4.33% APR for ETH2 staking. Users can join the pool via its decentralized node operator network or run their own nodes with just 16 ETH. Running a node can earn them commission from staking ETH and additional RPL rewards, totaling up to 6.36% APR.

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FAQ

Who are the founders of Rocket Pool (RPL)?

Rocket Pool was launched by David Rugendyke, a senior developer with a background in computer science. He started designing Rocket Pool in late 2016. The team includes General Manager Darren Langley and three blockchain and Solidity engineers with a combined 40 years of experience.

How many Rocket Pool (RPL) are there?

Rocket Pool (RPL) has a current supply of just over 10 million tokens. Unlike most fixed-supply DeFi tokens, RPL introduces a 5% annual inflation to reward participants and support decentralized development.

What are the potential use cases for Rocket Pool (RPL)?

RPL can be used as collateral by node operators in the Rocket Pool network. It supports decentralized staking of ETH, enabling users to earn staking rewards and ensuring the network's security through insurance mechanisms. RPL also plays a role in governance within the Protocol DAO and Oracle DAO, influencing key protocol settings and operations.

What is the history of Rocket Pool (RPL)?

Rocket Pool started in late 2016, designed by David Rugendyke. It aims to democratize ETH2 staking by allowing users to participate regardless of their capital or technical skills. The protocol offers two main interactions: liquid staking via rETH and node staking with 16 ETH. It emphasizes decentralization, non-custodial staking, and minimizing user risk through distributed losses from bad nodes. Rocket Pool has been audited by multiple firms and maintains a bug bounty program for security.