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View ChartRocket Pool was conceived in late 2016 by founder and CTO David Rugendyke, with Darren Langley as General Manager, and its public mainnet launched in November 2021. It is a decentralized liquid staking protocol for the Ethereum ecosystem that eliminates the requirement for a standalone validator. Anyone can stake Ethereum, receive staking rewards, and help secure the network using Rocket Pool. It reduces the staking requirements for both regular users and tech-savvy node operators. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes. Node operators bond their own ETH—historically 16 ETH per minipool, reduced to 8 ETH and then 4 ETH through the Atlas, Houston and Saturn upgrades—and the protocol pairs it with pooled ETH from rETH minters to form validators. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards. Staking rewards vary with network conditions and validator performance; node operators additionally earn a commission and may receive RPL incentives.
Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of rebasing their 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 socialized across the network, users minimize their risk of facing penalties. Its open-source smart contracts have been audited by Sigma Prime, Consensys Diligence and Trail of Bits, and staking is non-custodial—users retain control of their assets—though smart-contract risk remains.
Accessibility is one of the main issues with Ethereum staking that Rocket Pool resolves. Native Ethereum staking has always required hardware management, uptime guarantees, and a complete 32 ETH. These are replaced with liquid staking tokens and a permissionless staking pool in Rocket Pool. Rocket Pool is a material but not dominant player in Ethereum liquid staking; its relevance comes from permissionless validator supply rather than from being the largest liquid staking token issuer. It is based on smart contracts and is driven by a worldwide network of independent node operators.
Rocket Pool essentially offers anyone to participate in ETH2 staking, regardless of their capital investment or level of technological sophistication. Its core premise is to enable the trustless staking of ETH to a network of decentralized autonomous nodes that are underpinned by RPL collateral.
Rocket Pool sees itself as a complement to staking-as-a-service providers. Large staking-as-a-service providers can also join Rocket Pool by running nodes, earning ETH and RPL rewards in return. This is where Rocket Pool's staked ETH wrapper rETH comes into play.
rETH is a tokenized version of the staked ETH in Rocket Pool. Users can mint rETH with ETH starting from very small amounts (the protocol cites 0.01 ETH), and rETH remains transferable and usable in DeFi; there is no 32 ETH ceiling for liquid stakers. By staking their Ether, users receive rETH in return, which automatically accrues staking rewards based on the performance of the entire network of node operators. Node operators post RPL collateral that can be used to cover penalties, which reduces—but does not eliminate—the impact of slashing on rETH holders; if penalties exceed the collateral available, the rETH exchange rate can still decline.
The second way of interacting with Rocket Pool is through Node Staking. Users can deposit 16 ETH and are assigned an additional 16 ETH from users who are depositing ETH and receiving rETH. In essence, you stake your own 16 ETH and 16 ETH on behalf of the protocol. Node commission rates and staking requirements are protocol parameters set through Protocol DAO governance, which RPL holders participate in. With this model, node operators are rewarded for providing insurance for stakers in case they are penalized or slashed. Node operators may stake RPL as collateral; through the Atlas–Saturn upgrade sequence RPL moved from mandatory collateral to an optional value-accrual and governance asset, so operators should check the current RPL requirements before running a node.
RPL is an ERC-20 token on Ethereum at contract address 0xd33526068d116ce69f19a9ee46f0bd304f21a51f; Rocket Pool has migrated to this new address, so users should verify the contract before transferring tokens. RPL has a total supply of about 22.87 million tokens, a circulating supply of roughly 22.87 million, and no maximum supply cap (unlimited). Rocket Pool has been successfully audited by three separate firms: Sigma Prime, Consensys Diligence, and Trail of Bits. It also runs a bug bounty program to incentivize keeping its protocol safe. Rocket Pool is not an independent Layer 1 and has no consensus mechanism of its own; it is a smart-contract protocol on Ethereum that inherits Ethereum's proof-of-stake consensus and execution-layer security.
Furthermore, governance of RPL is split across its Protocol DAO and Oracle DAO. The Protocol DAO is responsible for settings like RPL inflation, rewards, and auctions, the staking requirements and commissions for nodes, and deposits. The Oracle DAO bridges the smart contracts between the Beacon Chain and the ETH1 main chain. Oracle DAO members include Ethereum staking clients and infrastructure providers such as Lighthouse, Nimbus, Prysm and ConsenSys Codefi, among others.
Risks include ETH and RPL price volatility, smart-contract risk, slashing and operator performance risk, and competitive pressure from larger liquid staking and restaking providers. Rocket Pool has also migrated to a new contract address, so users should verify the contract before staking or transferring.
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TradeAs of right now, the live price of Rocket Pool (RPL) is $1.521797. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated RPL to USD rate at the top of BTCC’s price page. In terms of market scope, Rocket Pool records a 24h trading volume of $7.828224M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $37.31677M. Its current circulating supply stands at 22.88M out of a maximum supply cap of ∞.
The price volatility of Rocket Pool (RPL) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (22.88M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Rocket Pool (RPL) hit an all-time high (ATH) of $154.728875 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.091175 on 2019-05-17 16:10. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading RPL futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($7.828224M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s RPLUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Rocket Pool, simply log into your BTCC account with USDT margin available, navigate to the RPLUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for RPLUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $1.521797), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for RPLUSDT with zero financial risk.
Trading Rocket Pool (RPL) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for RPLUSDT, and review its live price ($1.521797) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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