Rocket Pool
Staking · Liquid Staking · rETH
Rocket Pool issues rETH, a non-rebasing liquid staking token whose exchange rate appreciates versus ETH as rewards accrue, backed by a permissionless network of node operators.
Decentralized, permissionless ETH liquid staking.
rETH price
$1.64
+1.8% 24h
Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Rocket Pool and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Lido | The dominant ETH liquid staking protocol by market share (stETH). | Both mint a liquid ETH staking token and target passive stakers seeking liquid yield. | Lido uses a curated/whitelisted node-operator set, whereas Rocket Pool's node layer is permissionless with an ETH+RPL bond, aiming for greater validator decentralization. Lido's stETH rebases while rETH is a non-rebasing exchange-rate token. |
| 2 | Coinbase (cbETH) | Centralized-exchange-operated ETH liquid staking token. | Offers a liquid, non-rebasing ETH staking token accruing staking yield. | cbETH is fully custodial and permissioned (validators run by Coinbase), whereas Rocket Pool is non-custodial and permissionless at the operator level. |
| 3 | StakeWise | Permissionless ETH staking protocol with vault-based operator model (osETH). | Both are decentralization-focused, non-custodial ETH liquid staking protocols allowing independent operators. | StakeWise v3 uses isolated staking vaults and osETH minted against staked collateral, a different architecture from Rocket Pool's shared deposit pool and RPL-bonded minipools. |
| 4 | Frax Ether (frxETH/sfrxETH) | ETH liquid staking product from the Frax ecosystem. | Provides a liquid ETH staking derivative competing for rETH's passive-staker demand. | Frax splits its LST into a base token and a yield-bearing token and runs operators more centrally, versus Rocket Pool's permissionless operator set and single rETH token. |
| 5 | Binance | Exchange-native wrapped beacon ETH. | Both in Staking (Liquid Staking). | Exchange-native distribution and liquidity; wBETH is usable on-chain and across the Binance ecosystem. |
| 6 | Stader Labs | Multi-chain liquid staking infrastructure. | Both in Staking (Liquid Staking). | Multi-chain staking platform with a dual operator-pool design that lowers the bond to run a node. |
| 7 | Frax Finance | Hybrid stablecoin pivoting to RWA backing. | Both in Staking (Liquid Staking). | First-mover hybrid algo-collateral stablecoin, now pivoted to RWA-backed frxUSD with BUIDL — an institutional bridge to DeFi. |
| 8 | Mantle | L2-ecosystem ETH liquid staking. | Both in Staking (Liquid Staking). | Backed by the Mantle treasury and tightly integrated with the Mantle L2 ecosystem and its DeFi venues. |
| 9 | Swell | Non-custodial liquid staking and restaking. | Both in Staking (Liquid Staking). | LST plus a native restaking roadmap (rswETH / Swellchain) under one non-custodial protocol. |
| 10 | Ankr | Multi-chain liquid staking and node infrastructure. | Both in Staking (Liquid Staking). | Liquid staking across many chains backed by Ankr's global node infrastructure business. |