#242. Rocket Pool (RPL)
Price of 1 Rocket Pool (RPL) = $16.33 AUD
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.
RPL Price Analysis
The price of RPL has gone down -4.19% in the past 24 hours.
Rocket Pool (RPL) is a cryptocurrency token and operates on the Ethereum platform. Rocket Pool has a current supply of 17,922,514.607 with 10,279,742.404 in circulation. The last known price of Rocket Pool is $2.19 USD and is up 3.32% over the last 24 hours. It is currently trading on 9 active market(s) with $443,783.201 traded over the last 24 hours. More information can be found at https://www.rocketpool.net/.
Information & prices last updated 35 minutes ago. For latest Rocket Pool prices and information visit coinmarketcap.com
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