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Rocket Pool

RPL
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News

SUI Faces Critical Support Level Amid Market Uncertainty

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SUI is currently hovering near a critical support zone at 13979, with potential for a drop to 055 if it fails to rebound.
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Son Min-ho

HTX Launches Spot Trading Carnival with 20,000 USDT Airdrop

HTX Launches Spot Trading Carnival with 20,000 USDT Airdrop

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HTX is launching a Spot Trading Carnival with a total of 20,000 USDT airdrop to reward active traders.
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Ayman Ben Youssef

Circle's CRCL Stock Declines Amid Broader Crypto Market Volatility

Circle's CRCL Stock Declines Amid Broader Crypto Market Volatility

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Circle's CRCL stock has dropped significantly, down around 16% in premarket trading, despite a rise in global stablecoin demand.
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Tando Nkube

MicroStrategy Stock Shows Mixed Performance Amid Analyst Concerns

MicroStrategy Stock Shows Mixed Performance Amid Analyst Concerns

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MicroStrategy's stock has rebounded in premarket trading, but analysts warn of a potential crash based on historical patterns.
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Kofi Adjeman

What is Rocket Pool?

Rocket Pool is a next generation decentralised staking network and pool for Ethereum 2.0 Rocket Pool is a self-regulating network of node operators; it automatically adjusts its capacity to match demand. The Rocket Pool protocol token is used to maintain an optimal capacity by: Increasing capacity when needed, by incentivising node operators to join. Decreasing capacity when not needed, by disincentivising node operators from joining. In addition to depositing ETH, a node operator is required to deposit a set amount of RPL per ether they are depositing. This RPL:ether ratio is dynamic and is dependent on the network utilisation. E.g: If the network has plenty of capacity, then node operators need more RPL to make deposits. It gets progressively more expensive in terms of RPL to make node deposits when the network does not have enough ETH from regular stakers to be matched up with node operators. This helps prevent several attack vectors outlined in the whitepaper and keeps assignment of ether ‘chunks’ to nodes quick. If the network is reaching capacity, then node operators need less RPL to join as the network needs more node deposits to be matched up with regular users deposits. If the network is maxed out and needs node operators to join quickly, it even drops to 0 for the first one to make a deposit.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.