Wednesday, April 17, 2024

Rocket Pool Eth2 staking service launches, hits stage two cap in 45 seconds

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The Eth2 staking provider only requires 16 ETH to run a minipool, and stakers with as little as 0.01 ETH can put their crypto to work on the Beacon Chain.

The launch of Ethereum 2.0 staking service Rocket Pool saw it hit its stage two cap in just 45 seconds, according to the co-founder of hosting partner Allnodes, Konstantin Boyko-Romanovsky.

In its first two days of operations, Rocket Pool has registered 237 node operators across 42 global locations, with 1,088 Ether (ETH) staked. According to an announcement the platform, it now has a total value locked of 4,000 ETH ($13.9 million) in value, including collateral from the platform’s RPL token.

Rocket Pool aims to become the “primary staking infrastructure for Ethereum, by providing a decentralized, easy to use staking network for individuals and businesses,” according to its white paper.

The protocol is progressively rolling out over four weeks. During stage one of the launch on Tuesday, protocol limits quickly maxed out. During Wednesday’s stage two launch, node operator minipool slots maxed out just 45 seconds after launch. The stage two deposit pool limit of 480 ETH ($2.3 million) was quickly reached.

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