### What is Rocket Pool?

Rocket Pool is a decentralised Ethereum staking protocol that enables users to pool their Ethereum (ETH) to run validator nodes on the Ethereum network. This approach reduces the infrastructure and technical requirements typically needed for node operators, making staking more accessible to a broader audience.

### How does Rocket Pool work?

Rocket Pool operates on the Ethereum blockchain, leveraging its Proof of Stake (PoS) consensus mechanism. Users deposit ETH into smart contracts managed by Rocket Pool, which are then used to create validators. These validators earn staking rewards, and users receive rETH tokens, representing their stake in the pool. Rocket Pool uses a model called Minipool Validators, which combines user deposits with node operators' ETH to reach the 32 ETH required to create a validator. Node operators must stake Rocket Pool's native RPL token as collateral to ensure reliable performance.

### What are the potential use cases for Rocket Pool?

1. **Decentralised Ethereum Staking:** Rocket Pool allows users to stake their ETH with lower entry barriers.
2. **Liquid Staking:** Offers rETH tokens, facilitating liquidity and allowing users to trade their staked ETH.
3. **Node Operation:** Provides an opportunity for users to run their own nodes with reduced ETH requirements.
4. **Staking-as-a-Service:** Suitable for entities looking to enhance returns through Ethereum staking services.
5. **DeFi Integration:** The rETH token bridges staked ETH with the wider DeFi ecosystem.

### What is the history of Rocket Pool?

Rocket Pool was created in 2016 by David Rugendyke, with a focus on democratizing blockchain staking. It received seed funding from ConsenSys Ventures in 2018. After several years of development, the mainnet launched on October 6, 2021. The platform has seen significant growth and community expansion, supported by partnerships, VC investments, and improvements like the upcoming Dencun and Houston upgrades. These upgrades aim to enhance scalability and efficiency, further solidifying Rocket Pool's position in the market.

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