beacon: News of Rocket Pool (RPL) - June 2024 Price Update - 7.08% Breakout Crypto News and Analysis

beacon: News of Rocket Pool (RPL) - June 2024 Price Update - 7.08% Breakout Crypto News and Analysis

< Show Article: News of Rocket Pool (RPL) - June 2024 Price Update - 7.08% Breakout Crypto News and Analysisarticle avatarOLUWATOSIN GARUBA

Spot the Main Event:

They providing a sneak peek into currently discussed features of our next future release called Saturn. It will feature some extremely exciting scaling additions, and new features such as “Megapools” that make use of some of the latest Ethereum EIP additions such as EIP-7251 (MAX Effective Balance), EIP-4788 (inclusion of the beacon state root) and some potential RPL tokenomics changes.

article avatarAbdulazeez Muhammad

Explore the Core.

Rocket Pool (RPL) is a decentralized Ethereum staking protocol that allows users to earn high returns on their Ethereum holdings by participating in staking. It operates through two decentralized autonomous organizations (DAOs): the Protocol DAO and the Oracle DAO. The Protocol DAO manages settings such as RPL inflation, rewards, and staking requirements, while the Oracle DAO acts as a bridge between the smart contracts on the Beacon Chain and the ETH1 main chain. The governance of the protocol is divided between the two DAOs. The Protocol DAO manages settings such as RPL inflation, rewards, and staking requirements, while the Oracle DAO acts as a bridge between the smart contracts on the Beacon Chain and the ETH1 main chain. Rocket Pool offers liquid staking, which allows users to benefit from an increasing exchange rate without incurring taxes. Additionally, it offers smart nodes, which are custom node software that minimizes risk by socializing losses across the network. The platform allows users to join the platform’s decentralized node operator network or run their own nodes. By providing RPL collateral, users can earn a commission from staking ETH and additional RPL rewards.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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