Rocket Pool

Rocket Pool rETH

Rocket Pool rETH is a liquid staking token on Ethereum representing staked ETH plus accumulated rewards. Yield is generated from Ethereum consensus and execution layer rewards distributed across a permissionless set of 4,000+ node operators.

AUM

$813.24m+3.8%

APY

2.08%-13.97%

BBRated Protocol

Updated Mar 9, 2026

Risk Rating

AAAAAABBBBBBCCCCCCD

This rating is based solely on publicly available information. The range from BB to AA+ reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.

SCS: Smart Contract Security

KMP: Key Management Permissions

M: Market

L: Liquidity

C: Collateral

PM: Protocol Mechanics

ICE: Infra Counterparty Exposures

PCE: Protocol Counterparty Exposures

G: Governance

FR: Financial Resilience

TLC: Team Legal Compliance

DT: Documentation Transparency

Potential Score

Provider risk assessed across Business, Operations, Reliability, and Security.

View the detailed scoring breakdown

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Contract Addresses

TokenContract

0xae78...6393

RocketVault

0x3bdc...69d6

RocketStorage

0x1d8f...Fa46

RocketDAOProtocol

0x0429...F0e1

RocketDepositPool

0x2cac...Bfb4

RocketMinipoolManager

0x6293...cF3a

Key Strengths

Battle-tested peg resilience through major stress events including the 3AC crisis, FTX collapse, and SVB crisis, maintaining the tightest peg among major LSTs
Extensive audit coverage across all protocol versions from top firms including Sigma Prime, ConsenSys Diligence, and Trail of Bits, with Saturn I independently audited before launch
Strong upgrade guardrails via Saturn I with mandatory one-week upgrade delay and security council veto power, plus automatic rate change caps
Node operator bond mechanism provides a structural first-loss buffer, absorbing slashing losses before rETH holders are affected
Fully decentralized governance with on-chain pDAO voting, an 18-member Oracle DAO consensus, and a permissionless node operator set

Key Risks

No verified real-time security monitoring provider such as Hypernative or Blockaid has been publicly confirmed for the protocol
No published incident response playbook exists for admin-key compromise or signer loss, with only high-level charter guidance available
Deposit pool depletion can force reliance on secondary markets, and a bank-run scenario remains untested
Very small pDAO treasury with operational costs for Rocket Pool Pty Ltd not publicly disclosed
Role and permission documentation is scattered across multiple sources without a centralized, continuously updated registry