ARTICLE

Multiply your earnings on Ronin with rETH and Rocket Pool

DonQuijote

6 hours ago

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The integration of Rocket Pool into the Ronin network marks a significant step in the development of this chain’s DeFi ecosystem. From now on, users can access liquid Ethereum (ETH) staking in a decentralized way, actively contributing to the security of Ethereum while earning consistent yields.

What is Rocket Pool?

Rocket Pool is a decentralized liquid staking protocol on Ethereum. It operates through a network of more than 3,900 node operators who help secure the network. When users stake ETH in Rocket Pool, they receive rETH, a token that:

  • Represents the deposited ETH.
  • Accumulates rewards from the staked ETH.
  • Has a value tied to ETH, but with an upward trend due to the staking yield.

Benefits of using rETH on Ronin

With the arrival of Rocket Pool on Ronin, users can hold rETH directly on the network and take advantage of its liquidity to explore various DeFi opportunities:

  • Consistent yield from ETH staking.
  • Support for Ethereum decentralization.
  • rETH utility across DeFi protocols within the Ronin ecosystem.

rETH and DeFi opportunities on Katana DEX

One of rETH’s main advantages is that it remains liquid and can be used in other strategies. For example, it can be:

  • Supplied as liquidity on Katana DEX via the wETH/rETH pair.
  • Used to earn dual rewards:
    • From staking yield.
    • From liquidity pool trading fees.

Additionally, the Ronin Blitz event—with a $3 million rewards pool—offers specific incentives for rETH and wETH liquidity pools, adding an extra layer of profitability for liquidity providers.

How to get rETH on Ronin

There are several ways to access rETH within the Ronin ecosystem:

  1. 🔁 At stake.rocketpool.net, by swapping ETH for rETH.
  2. 🌉 At app.roninchain.com, by bridging rETH into Ronin.
  3. 🔄 Directly on Katana DEX, by swapping for rETH.

Ronin expands beyond gaming

This integration marks a key step in the evolution of Ronin into a more complete, consumer-oriented network. With initiatives like Rocket Pool and events like Ronin Blitz, the chain continues to integrate new DeFi tools that enhance its utility and versatility within the Web3 ecosystem.

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