Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai Upgrade
The staking protocol gave users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.
Rocket Pool, a decentralized Ethereum-based staking service, deployed its Atlas upgrade Monday night, introducing architectural changes and making the protocol compatible with Ethereum’s Shapella hard fork upgrade.
Rocket Pool’s recent upgrade gives node operators immediate access to their staking rewards and lowers the barrier of entry to spin up an Ethereum validator, or “minipool,” in the protocol’s parlance. Instead of providing 16 ether (ETH), node operators can supply just eight plus some RPL – Rocket Pool’s governance token – to form a minipool, decreasing the amount of capital required to participate in Ethereum’s staking process.
“Minipools with only 8 ETH bonded by their owning node operator are matched with 24 ETH from the staking pool (provided by rETH holders) in order to make a validator,” according to Rocket Pool documents.