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
$1.37
-2.2% 24h
Latest data · 15 min delay
rETH minting/burning, the deposit pool, and minipool/megapool contracts hold and route large amounts of ETH. A bug in the newer Saturn megapool contracts or the rETH exchange-rate accounting could impair redemptions or lock funds despite audits.
The rETH:ETH exchange rate and network balances are set by oDAO members submitting data via threshold consensus (default 51%). Collusion, compromise, or a stale/incorrect oracle submission by oDAO members could mis-price rETH.
Node operators post an ETH bond plus (historically) RPL as insurance collateral. If a validator is slashed or penalized beyond the operator's bond, or if RPL's value falls sharply relative to the ETH being insured, the buffer protecting rETH holders can be eroded.
rETH is backed by validators run by independent, permissionless node operators. Operator downtime, poor performance, or failure to exit validators on request can drag on rETH yield and complicate redemptions, and rETH holders rely on those operators honoring the protocol's economics.
Control is split between the on-chain pDAO (RPL holders) and the permissioned oDAO. Concentrated RPL voting power, low participation, or the trusted oDAO set can push through parameter or upgrade changes (e.g., the Saturn revenue-split levers) that materially alter operator and rETH-holder economics.
