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Eth2’s Rocket Pool reaches $350M TVL and 635 node operators in five weeks

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Cryptocurrency2 hours ago (Jan 01, 2022 02:00AM ET)

Eth2's Rocket Pool reaches $350M TVL and 635 node operators in five weeks © Reuters.

Rocket Pool (NASDAQ:), a decentralized 2.0 staking platform, has surpassed $350 million worth of total value locked (TVL) within five weeks of its official launch.

The project aims to remove the barriers to entry for Eth2 stakers and node operators. It allows any user to run a node for 16 ETH ($59,000), which is half of the 32 ETH ($119,000) required in the Eth2 deposit contract. Users with as little as 0.01 ETH can also stake their funds and receive yield.

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