Posts

Showing posts with the label rocket pool

Rocket Pool proposal triggers negative buzz

Image
A recent surge of negative sentiment against the decentralized staking protocol Rocket Pool (RPL) has puzzled data onlookers. According to crypto analytics provider Santiment, RPL saw a spike in mentions on Nov. 6, topping the trending chart with 40% of that chatter’s negative tone. The vitriol stands in stark contrast to the sunny outlook for Ethereum (ETH), which garnered over 54% positive and 29% negative sentiment on the same day. Rocket Pool’s social value | Source: Santiment What is Rocket Pool, and why the hate? Rocket Pool aims to open up Ethereum staking to users who lack the 32 ETH needed to run a solo validator node. Using a tokenized staking system called rETH, users can stake with as little as 0.01 ETH and earn staking rewards. You might also like: Coinbase invests in Rocket Pool, RPL rises 8% The protocol also enables node operators to earn higher returns than solo staking by taking a cut of rewards from user deposits. Rocket Pool emphasi...