Rocket Pool is a first of its kind ETH Proof of Stake Protocol, designed to be community owned, decentralized, run by smart-contracts, and compatible with staking in Ethereum. The protocol was first conceived in late 2016 and now in 2023 it is the leading pooled staking solution for Ethereum with over 2,500 node operators as the most decentralized Pooled staking option today.
Rocket Pool is designed to cater to two main user groups; those that wish to participate in tokenized staking using rETH using as little as 0.01 ETH and those that wish to stake ETH and run a node in the network to help generate a higher ROI than staking outside of the protocol due to commissions earned.
[@tokenmotion_io image source](<https://twitter.com/tokenmotion_io/status/1638294241712406528?s=20>)
Rocket Pool strives to embody the core ethos of Ethereum and DeFi, specifically the non-custodial, trustless nature that allows self-sovereignty to truly thrive.
The core premise behind a protocol is to ensure the network is not beholden to any one party. This is a principle directly linked to Ethereum and ETH itself, and a mindset used at every stage of the process as Rocket Pool has evolved.
A 10,000 foot view of the components which make up the Rocket Pool Staking Protocol:
Watch this 5 minute video walking through how to stake ETH for rETH on Rocket Pool’s Staking Website.
https://youtu.be/7h8WyVhioTA?t=576
Staking is a very simple process, and this guide is filled with step-by-step instructions (including screenshots) that show you how it's done.
As long as you are holding the rETH token, you are a Rocket Pool Staker.