In the latest RPL price analysis, leading Ethereum LSD platform Rocket Pool is up +50% in 4 days as Rocket Pool price pumps. Yesterday, the liquid staking platform activated Houston – let’s dig into it.
Ethereum has been evolving steadily since launching over ten years ago. There was Homestead, Tangerine Whistle, the Spurious Dragon, Constantinople, London, Berlin, and many others.
The most important of them all was The Merge, where the proof-of-stake Beacon Chain was finally “merged” with the proof-of-work chain. This hard fork switched the proof-of-work chain off, finally transiting Ethereum to this energy-efficient network.
But with proof-of-stake, dynamics changed. You had at least 32 ETH to lock up and run a node to win network rewards. Those who simply choose to stake also earn a yield every year.
The cool thing is that staking ETH is akin to buying United States Treasuries. Yields were earned at near zero risk, explaining the surging interest.
One of the many platforms that allows users to stake and earn is Rocket Pool. Together with others such as Lido Finance, liquidity staking platforms allow even those with 0.5 ETH to stake by pooling all these ETH and finally staking them on their behalf.
Over the years, Rocket Pool has grown and now commands over $4 billion in assets under management, according to DeFiLlama.
RPL Price Analysis: Rocket Pool Price is Flying – Up +50% In 4 Days
However, like Ethereum, Rocket Pool continuously enhances its platform to make node operation easier and yields even more attractive.
At spot rates, RPL is one of the top performers, adding roughly 50% from last week’s lows.
(RPLUSDT)
The surge is attributed to a confluence of positive market events (such as the expected launch of spot Ethereum ETFs), but most importantly, yesterday’s activation of Houston.
Rocket Pool is overhauling its governance and tokenomics through Houston to create a more robust, decentralized, and user-friendly platform.
Rocket Pool Houston Upgrade Activated
The question is, what specifically does Houston bring to the table?
According to Rocket Pool, the upgrade empowers node operators and streamlines governance.
A big part of this will be the introduction of Protocol DAO for onchain governance. Here, node operators can directly propose and vote on protocol changes. The DAO will be funded by RPL inflation and will be in charge of fast-tracking platform growth.
At the same time, staking is now more flexible since it is now possible to stake ETH on behalf of the node without requiring custody.
Users can set RPL withdrawal addresses in this arrangement if they want a more personalized staking experience.
Interestingly, a new security council has been established to swiftly respond to potential issues should they arise.
EXPLORE: WienerAI Rockets to $5.5m in Presale, Adds $2m in Under 2 Weeks—Racing Ahead of $TURBO?
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
