Thursday, October 6

Eth2’s Rocket Pool Reaches $ 350 Million TVL and 635 Node Operators in Five Weeks By CoinTelegraph

© Reuters. Eth2’s Rocket Pool reaches USD 350 million TVL and 635 node operators in five weeks

Rocket Pool, a 2.0 decentralized staking platform, has exceeded $ 350 million in total locked value (TVL) within five weeks of its official launch.

The project aims to remove entry barriers for Eth2 node operators and stakers. It allows any user to manage a node for 16 ETH ($ 59,000), which is half of the 32 ETH ($ 119,000) required in the Eth2 deposit contract. Users with as little as 0.01 ETH can also stack their funds and receive returns.

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According to data from DefiLlama, Rocket Pool has risen in the ranking of decentralized finance staking platforms (DeFi) to third place with a TVL of USD 355.64 million at the time of this writing. The project is currently behind Keep3r Network, with USD 584.34 million, and Lido Finance, in first place, with USD 6.040 million.

Read the full article on Cointelegraph

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