rETH is an ERC-20 liquid staking token provided by Rocket Pool, a decentralized Ethereum staking protocol. It allows users to stake their ETH and receive rETH in return, representing both the original deposit and accrued staking rewards. Unlike traditional staking, rETH remains liquid and can be used in DeFi applications or held as a reward-yielding token.
Key Features
- Decentralized staking with distributed node operators
- rETH remains liquid and usable in DeFi protocols
- Token value increases over time as rewards accrue
- Minimum participation from just 0.01 ETH
Use Cases
- DeFi applications like lending, liquidity, and staking pools
- Trading or holding as a yield-bearing asset
Floin Insight
rETH is available on the Floin platform and can be purchased like other digital assets. As a liquid staking token, rETH combines the benefits of staking with flexibility for use in Web3 environments. Floin monitors the evolution of such assets closely and aims to support key innovations in decentralized finance.
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