rpl token
Rocket Pool (RPL) is the native ERC-20 token of the Rocket Pool protocol, a decentralized Ethereum staking platform. It enables users to participate in Ethereum 2.0 staking with a focus on decentralization and liquidity.
### Key Features of Rocket Pool (RPL):
- **Staking Rewards**: Users can earn up to 4.33% APR for staking ETH, with additional RPL rewards for node operators, potentially reaching up to 6.36% APR.
- **Liquid Staking**:
Rocket Pool allows users to benefit from an increasing exchange rate rather than simply adding to their staked collateral, which helps avoid taxable events.
- **Node Operation**:
Users can run their own nodes with just 16 ETH, earning commissions from staking and RPL rewards. The protocol employs a decentralized network of node operators to distribute risks associated with node failures.
- **Market Data**:
As of now, RPL has a market cap of approximately $253 million and a 24-hour trading volume of about $3 million, with a circulating supply of 20.68 million RPL tokens.
