Rocket Pool ETH (Polygon zkEVM)

rETH

rETH is a representation of ETH staked through the Rocket Pool network of validators to secure the Ethereum network.

Risk Rating
Average
$4,312.73
What is Rocket Pool ETH (Polygon zkEVM)?

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Information
Blockchain
  • Polygon zkEVM
Info
Key Metrics
  • Fully Diluted Valluation: $9.6M
  • Total Supply: 2,223
  • Volume (24H): $514.8
  • ATH: $4,824.93 (11/12/2021)
  • ATL: $792.10 (06/19/2022)
Risk Assessment
Average
Asset Strength

rETH is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Rocket Pool and Polygon zkEVM bridge, which are protocols both rated as Good.

Dependencies

Rocket Pool

Polygon zkEVM Bridge

Asset Tokenomics

rETH has an uncapped supply but has inflation control or burn mechanisms in place. rETH is backed 1:1 by ETH staked on the Ethereum blockchain. The asset accrues staking rewards automatically. rETH can trade at a discount to 1 ETH as it is less liquid, has less utility (cannot be used to pay for gas fees), and has more technical risk (Rocket Pool smart contract bugs).

Things to know about rETH

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