About Rocket Pool ETH

Rocket Pool ETH (rETH) is an essential token in the Rocket Pool decentralized Ethereum staking protocol. Founded in 2016, the project is a community-owned, trustless Proof-of-Stake system compatible with Ethereum 2.0. Its target users include those participating in tokenized staking via rETH and individuals seeking higher returns by operating Ethereum nodes. The protocol aims to lower entry barriers, such as the 32 ETH requirement for solo staking and the technical complexities of running a node, thus enabling more crypto users to stake ETH. When users stake ETH, they receive an equal amount of rETH, which maintains a 1:1 peg with ETH. The rETH to ETH ratio increases as staking rewards and accumulated gains grow, reflecting the total ETH staked plus rewards. rETH can be traded, used in DeF...