Rocket Pool Upgrade Lowers Ethereum Staking Cap to 8 ETH

Ethereum staking service Rocket Pool has rolled out some updates following the successful Shapella fork last week

article-image

Vector-3D/Shutterstock, modified by Blockworks

share

Rocket Pool, the Ethereum-based DeFi staking protocol, has just pushed a major update granting users instant access to ETH staking rewards moving forward.

Atlas, which launched without issue Monday evening, brings changes and features following the successful rollout of Ethereum’s Shapella upgrade last week. Shapella enabled ETH stakers to withdraw their crypto for the first time.

This meant Rocket Pool could lower Ethereum staking amounts for its so-called “minipools.” These tailored validator nodes now accept ETH stakes as small as 8 ETH ($16,800), down from 16 ETH ($33,600). 

Staking individually to the Ethereum blockchain demands at least 32 ETH ($67,100). Rocket Pool also supports pooling of ETH to boost chances of earning greater rewards.

“Atlas has two themes, withdrawals and scaling Rocket Pool,” the team said in an Atlas live stream. “Node operators can now access their rewards they’ve generated over the last 14 months … if they want to, they can exit completely.”

Atlas brings with it automatic rewards distributions, a unified Grafana dashboard and support for an Ethereum consensus client known as Lodestar.

Rocket Pool users can separately stake any amount of ETH to receive a liquid staking derivative token, rETH. Similar to other staking services such as Lido, Rocket Pool’s minipools and rETH let investors with less capital participate in the staking process to earn rewards otherwise out of reach.

Further changes made it easier to engage with the Ethereum blockchain by providing greater flexibility in Beacon Chain management, the team said.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg

Research

In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.

article-image

BUZZ holds shares of Coinbase, Robinhood and MicroStrategy

article-image

Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile

article-image

The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally

article-image

While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders

article-image

Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume

article-image

DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit