Rocket Pool, Ethereum Staking Service, Sees New Valuation of Over $1 Billion
As of February 9, and thanks to data released from DefiLlama, Rocket Pool, an Ethereum staking service company, holds a valuation of over $1 billion. The significance of this announcement is that it’s now a little over two years since the introduction of the mainnet for the decentralized finance (DeFi) protocol on November 9, 2021.
Rocket Pool has an industry reputation for being a liquid staking solution for Ethereum, allowing customers to join pre-existing Ethereum decentralized node operators or manage their own. Users can look after their nodes with just 16 Ether (ETH) rather than the network-specified 32 ETH.
As a result, for their ETH, users are rewarded with a liquid staking token called rETH, which is almost like evidence that the user is eligible for staking rewards and gaining a yield.
Currently, the node operating at Rocket Pool can collect up to 7.26% annually in funds for verifying transactions on the Ethereum network, while stakers can collect up to 4.68%.
However, it’s important to remember that these rates are subject to change and can fluctuate depending on the demand and supply of nodes for a given period. There are 2,068 node operators, and 385,344 in Ethereum invested in Rocket Pool.
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