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What is RPL coin? Learn what RPL coin is in one minute

RPL Coin, a native cryptocurrency of Rocket Pool, enables users to earn rewards and participate in the governance of the decentralized ETH staking protocol.

Oct 08, 2024 at 07:48 am

What is RPL Coin? A Quick Guide

Definition:

RPL (Rocket Pool Token) is the native cryptocurrency of Rocket Pool, a decentralized staking protocol for Ethereum (ETH).

Purpose:

RPL serves two primary functions within the Rocket Pool ecosystem:

Staking Rewards: Users are required to stake RPL to participate in the network as node operators and earn rewards for validating ETH transactions.
Collateral: RPL is used as collateral to secure the funds deposited by ETH stakers, ensuring the integrity of the protocol.

Benefits of Holding RPL:

Staking Rewards: Node operators can earn ETH staking rewards while also passively accruing RPL rewards.
Governance Rights: RPL holders have voting power on the direction and development of the Rocket Pool protocol.
Ecosystem Value: RPL is essential for the functioning of the Rocket Pool network, providing value and utility to its holders.

Unique Features:

Non-inflationary Emission: RPL emissions are capped at a maximum supply, ensuring the long-term value and scarcity of the token.
Adaptive Inflation: The RPL inflation rate is dynamically adjusted based on the number of ETH staked in Rocket Pool, incentivizing more ETH deposits.
Decentralized Infrastructure: Rocket Pool utilizes a network of independent node operators to ensure the distribution and security of the staking infrastructure.

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