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

$918.84m+11.55%

APY

2.13%+5.83%

BB+Rated Protocol

Updated Apr 29, 2026

Risk Rating

BB+

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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 with the tightest peg among major LSTs during multiple market crises including the 3AC collapse, FTX, and SVB events
Extensive audit coverage across all protocol versions from top firms including Sigma Prime, ConsenSys Diligence, and Trail of Bits, plus Cantina and Bailsec for the Saturn I upgrade
Saturn I upgrade guardrails introduce a mandatory one-week upgrade delay with security council veto and automatic rate change caps
Node operator bond mechanism provides a structural first-loss buffer for rETH holders, absorbing slashing before user funds are affected
Fully decentralized governance with on-chain pDAO, 18-member oDAO consensus, and 4,000+ permissionless node operators

Key Risks

No verified real-time security monitoring provider has been publicly confirmed for the protocol
No published incident response playbook for admin-key compromise or signer loss, despite effective ad-hoc response history
Deposit pool depletion risk leaves users dependent on secondary markets; bank-run scenario under full utilization remains untested
Very small pDAO treasury with operational costs undisclosed, providing negligible operational buffer
Role and permission documentation scattered across RPIPs, forum posts, and docs without a centralized registry