What is Rocket Pool?

Symbol: RPL · Market cap rank: #532

Short answer

Rocket Pool (RPL) is a cryptocurrency currently ranked #532 by market capitalisation.

Source: isthiscoinascam.com

Overview

Rocket Pool is a liquid staking protocol built on the Ethereum blockchain that allows users to deposit a minimum of 0.01 ETH to receive the rETH token. It operates as a non-custodial solution, ensuring that users maintain control over their funds while facilitating decentralized staking.

Launched by a team involved in the staking space since 2016, Rocket Pool enables node operators to join permissionlessly with a requirement of 16 ETH, rather than the standard 32 ETH. Node operators earn a return on investment through both operator commission and rewards in the form of the native token, RPL.

Scam-risk analysis

Rocket Pool has a moderate score — some risk signals were raised but no critical concerns. Is Rocket Pool a scam?

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