Rocket Pool ETH (Arbitrum)
rETH
rETH is a representation of ETH staked through the Rocket Pool network of validators to secure the Ethereum network.
Risk Rating
Good
$3,787.28
3.01%
What is Rocket Pool ETH (Arbitrum)?
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Information
Blockchain
- Arbitrum
Info
- Contract address
- Source Code
- Website
- Community
- Discord
- Asset Type: ERC-20
Key Metrics
- Market Cap: $1.7B
- Fully Diluted Valluation: $1.7B
- FDV / MC: 1
- Ranking inside Exponential (excluding stables): #15
- Circulating Supply: 450,833
- Total Supply: 450,833
- Volume (24H): $5.7M
- ATH: $4,814.31 (12/01/2021)
- ATL: $887.26 (06/18/2022)
Risk Assessment
Good
Asset Strength
rETH is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Rocket Pool and Arbitrum bridge, which are protocols rated as Good and Best, respectively.
Dependencies
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