Rocket Pool (RPL) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).
Rocket Pool is a first of its kind ETH2 Proof of Stake Protocol, that aims to be community owned, decentralised, trustless and compatible with staking in Ethereum 2.0. It works by aligning the interests of two groups: Stakers – individuals or users from API integrated businesses. When a user deposits into the Rocket Pool network, they will instantly receive the rETH token which represents a tokenised staking deposit and the rewards it gains over time in the Rocket Pool network. RPL is the project’s native token that is used to incentivize high uptime and to discourage incurring penalties for node operators. Staking RPL enables node operators to receive a higher share of protocol commissions, but also puts their RPL at risk in the case of slashings.
Crypto.com App users can now purchase RPL at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.