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.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

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 Templates.png

Research

ZKPs enable efficient offchain transaction processing and validation, resulting in increased throughput and reduced fees. Solana's ZK Compression leverages ZKPs to minimize onchain storage costs, while Sui's zkLogin streamlines user onboarding by replacing complex key management with familiar OAuth credentials.

article-image

The crypto asset manager lowered its planned fee from 0.25% to 0.15%, undercutting its competitors

article-image

Plus, a look at planned ETH ETF fees and how they differ from their BTC counterparts

article-image

North Korea suspected in breach of Indian exchange’s multisig wallet

article-image

Plus, Sanctum’s CLOUD token has officially launched — but not without problems

article-image

It’s not yet clear whether Donald Trump is pumping bitcoin. But an unofficial memecoin is still seeing benefit.