Coinbase Invests in Rocket Pool, Launches RPL-rETH Mini Pool
NewsCoinbase Ventures strengthens its partnership with Rocket Pool by investing in the protocol and participating in the vote on proposals in the oDAO. Coinbase inv...
Coinbase Ventures strengthens its partnership with Rocket Pool by investing in the protocol and participating in the vote on proposals in the oDAO.
Rocket Pool, an Ethereum-based mostly staking platform, just announced on its Discord that Coinbase Ventures is pouring capital right into the DeFi protocol. Quoted verbatim by the investment fund as follows:
“We are pleased to announce that Coinbase Ventures is strengthening its partnership with Rocket Pool as a result of a direct investment in RPL in addition to the proposed stake in oDAO. Coinbase Ventures also ideas to use RPL and ETH to develop its very own Rocket Pool mini pool.
break from @Rocket_Pool discord – @cbventures announced an investment in $RPL to handle mini pools and assistance the two Ethereum and $rETH holders. pic.twitter.com/HglzLO01LR
—jasperthefriendlyghost.eth | jasper.lens (@Jasper_ETH) February 17, 2023
Therefore, in addition to investing in the staking platform, Coinbase will also hold a important vote in the oDAO for venture selections. Additionally, the exchange will launch a separate pool for the RPL – rETH token pair.
However, specifics of the investment worth have not been announced by the venture.
Launched in November 2021, Rocket Pool positions itself as a staking option for the Ethereum blockchain, enabling consumers to participate in managing a node in the decentralized Ethereum technique or launch their very own node. .
Rocket Pool not long ago registered has reached $one billion in locked worth (TVL) Less than two many years following its release.
RPL cost is now trading close to the $50 mark, up ten% on a 24-hour day.
Synthetic currency68
Maybe you are interested:
More From Crypto News
Aster (ASTER) Rises 4.88% in 24 Hours: What the Data Shows
Aster (ASTER) is trading at $0.655837, up 4.88% over the past 24 hours, according to CoinGecko data as of 19:13 UTC on November 11, 2026.
Bitcoin Misses Stock Rebound as ETF Outflows Hit Day Four
Bitcoin failed to follow a broad equity rebound on November 11, trading near $73,993 while Nasdaq-100 futures climbed 1.7% after CoreWeave posted an earnings be...
OCC Clears Coinbase National Trust Company for Crypto Custody
The OCC issued its decision in CD-1370 , formally authorizing Coinbase National Trust Company to operate as a federally chartered trust bank focused on digital-...
Reported Ankr Ethereum Bridge Drain Exceeds $303,000, The Defiant Says
The Ankr Ethereum Bridge was drained of more than $303,000 in an exploit carried out across five transactions.
Binance CFO Steps Down After Reported Hack, Co-CEO Cites Planned Transition
Binance’s chief financial officer has stepped down, the exchange confirmed, with the departure landing nine days after the platform suffered what has been descr...
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
