According to DefiLlama, Rocket Pool, the Ethereum staking service, has a total locked value (TVL). to It reached $1 billion on Feb. 9. The move comes less than two years after the decentralized finance (DeFi) protocol launched its mainnet on Nov. 9, 2021.
Rocket Pool is touted as a liquid staking solution for Ethereum and allows users to join Ethereum decentralized node operators or run their own nodes.
Rocket Pool’s service differs from conventional staking solutions in that Much less capital requirements This is because users can run their own nodes for only 16 Ether (previously required 32 ETH) and another 16 ETH comes from the user pool that joins. decentralized node operator
Currently, the protocol has 385,344 ETH at stake and 2,068 nodes, and Rocket Pool’s smart contracts are audited by Sigma Prime, ConsenSys, and Trail of Bits.
According to Ethereum developers, the Shanghai upgrade is scheduled for March. And it will allow users to withdraw their staked ETH.
The post “Rocket Pool” Ethereum staking service hits $1 billion TVL appeared first on Bitcoin Addict.