Earn up to 13% Returns with Rocket Pool & Lido Dao Staking!

• Rocket Pool (RPL) outperformed Bitcoin and Ethereum on Friday, rising by over 13% in the last 24 hours.
• Kraken shut down its staking operations in a Securities and Exchange Commission settlement.
• Rocket pool is a decentralized network of nodes that simplifies the staking process for the Ethereum 2.0 blockchain.

What is Rocket Pool?

Rocket Pool is a decentralized network of nodes that aims to simplify the staking process for the Ethereum 2.0 blockchain by providing validation services. The platform enables users who lack the necessary minimum ETH required for staking, or technical expertise, to participate by staking only 16 ETH instead of the standard 32 ETH. This process is completely automated and requires no interaction from the user. The platform offers a convenient solution for those who wish to participate in staking without the hassle and technical requirements.

Rocket Pool Performance

Rocket Pool outperformed Bitcoin and Ethereum on Friday, rising by over 13% in the last 24 hours, at the time of writing. This is at a time when Kraken, a popular crypto exchange, shut down its staking operations in a Securities and Exchange Commission settlement. The token is currently trading for $49.51, with a market cap of over half a billion dollars while market leaders such as BTC and ETH have fallen by close to 4% and 6% respectively.

How Does It Work?

Rocket Pool operates by running nodes that verify transactions for Ethereum 2.0. Investors can begin staking by depositing ETH and becoming node operators. If only 16 ETH is deposited, Rocket Pool matches it with another user’s deposit so both parties can benefit from higher rewards but also share their risks equally among them .The node earns a flexible APY which helps investors maximize their returns from their investment .This token can be used just like other ERC-20 tokens, such as selling, using in DeFi platforms or holding in cold storage .

Tokenized Staking

To mitigate risk associated with locking up tokens for long periods of time ,Rocket pool offers tokenized staking which gives users an option to receive rETH token when they stake either 16 or 32 ETH which represents their stake & yield .This way users can use this token just like other ERC-20 tokens like selling ,using it in DeFi platforms & holding them in cold storage .

Conclusion

Rocket pool provides an efficient solution to make investing easier & more accessible with minimal risk involved & maximum return potentials thus making sure all stakeholders get rewarded fairly .It has turned out to be one of most popular crypto gainers today with two digit percentages returns despite lackluster performance from market leaders like BTC & ETH .