Liquid staking service Rocket Pool has attracted strategic investment from venture arm Coinbase.
Coinbase Ventures invested an undisclosed amount through the purchase of an RPL utility token. At the time of writing, it is trading above $28, gaining 1.8% in a day (CoinGecko). The market capitalization of the asset is $552.4 million.
Rocket Pool positions itself as a decentralized protocol that matches stakers with node operators within a single system. To participate in the process, operators need to have 16 ETH and a small amount of RPL.
According to DeFi Llama, the value of funds locked in Rocket Pool is $1.89 billion at the time of writing.
The share of Rocket Pool in the liquid staking segment is 8.1%. The project ranks third after Lido (74.2%) and Coinbase (11.11%).
Recall that in June, Rocket Pool developers deployed the protocol in an L2 solution for scaling the Ethereum network called zkSync Era.
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