Coinbase Backs Rocket Pool, Ethereum’s Top Liquid Staking Platform With 780K ETH Staked

Key Points:

• Coinbase has invested in Rocket Pool by purchasing RPL tokens.
• Rocket Pool is a leading liquid staking network on Ethereum, with over 3,100 node operators.

Coinbase invested in Rocket Pool, a liquid staking network on Ethereum with 3,100+ node operators, supporting decentralization and scaling efforts.

Coinbase has made a strategic investment in Rocket Pool by purchasing RPL tokens from the Rocket Pool team. Rocket Pool is a leading liquid staking network on Ethereum, allowing users to stake ETH while retaining liquidity.

The network has over 3,100 node operators with more than 780k ETH staked. Coinbase Ventures tweeted their admiration for Dave and Darren’s commitment to building one of the largest, decentralized staking networks over the past 6+ years. With an emphasis on decentralization, the Rocket Pool network allows users to stake ETH while retaining liquidity.

In addition to their efforts this Onchain Summer with the launch of Base mainnet, the exchange believes scaling Ethereum’s infrastructure in a safe, decentralized manner is critical to bringing the next billion users on-chain.

The Rocket Pool team shares this belief, and Coinbase is delighted to support them via active participation in their Oracle DAO and using ETH from their corporate balance sheet to operate several hundred nodes on the Rocket Pool network.

The strategic investment is expected to benefit both Coinbase and Rocket Pool. Coinbase, one of the largest cryptocurrency exchanges in the world, will gain exposure to Rocket Pool’s technology and network. Rocket Pool, on the other hand, will benefit from Coinbase’s resources and expertise, as well as their participation in their Oracle DAO.

On the same day, CoinCu reported that Binance Labs announced that it committed a $5M investment in Curve DAO Token (CRV). As part of the collaboration, Curve will explore deployment to BNB Chain.

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