Is Stablecoin Staking the Future of Defi?

Is Stablecoin Staking the Future of Defi?

RocketPool announces ERC-20 stablecoin staking on Ethereum 2.0 with $RPL airdrop for new users

Update Highlights:

+ v1.9.4 was released which faciliates the integration of ERC-20 staking of stablecoins including USDT, USDC, DAI, and many others

To increase awareness and grow market share, RocketPool has annouced a promotional distrubtion of $RPL to all users

Guide to Begin Staking ERC-20 Stablecoins & Claim $RPL Airdrop:

In response to the recent DAO governenace vote, RocketPool has enabled a ERC-20 stablecoin staking with an average APR of 4.62% (based on 7 day average). In addition, all new and existing users will be included within the $RPL airdrop.

Starting April 25th, users will be eligible to stake all supported ERC-20 stablecoins using RocketPool's non-custodial node network. RocketPool is the first decentralized protcol to enable stablecoin staking. Jack Wuliu, A16z research analyst, predicts the increase of risk-free decentralized staking protocols will reduce the markets dependence on trad-fi interest-bearing solutions.

Users who register for stablecoin staking before April 29th 11:59 pm EST are eligible to participate in RocketPool's $RPL reward airdrop. Token allocation is based off on-chain activity.

Register Here to Partcipate in Staking and $RPL Airdrop

About Rocket Pool

Rocket Pool is Ethereum’s most decentralised liquid staking protocol. Its 2,400+ worldwide node operators have staked over 490,000 ETH representing over 2% of all Ethereum staked. Liquid stakers can participate by depositing as little as 0.01 ETH to receive the rETH liquid staking token. Rocket Pool is a fully non-custodial solution, and its node operators are economically-aligned to perform well for stakers. Joining as a node operator is fully permissionless and requires just 16 ETH (instead of 32). A boosted ROI is provided from both operator commission plus RPL rewards. The Rocket Pool team have been in the staking space since its inception in 2016, which gives them a pedigree and track record without peer. Comments and views expressed in this content do not constitute any kind of advice, financial or otherwise.