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

Explore the Core.

Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of adding on to their initial staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes distributed across the network, individual users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.

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.

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Explore the Core.

Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of adding on to their initial staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes distributed across the network, individual users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.

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