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
$657m
Net APY
1.92%
Active Users
21k
Type
Liquid Staking
Network
Arbitrum
BB+
Elevated RiskCeiling AA+
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CurrentPotential
This rating is based solely on publicly available information. DeFi protocol risk assessed across Security, Strategy and Operations on the AAA–D scale. 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.
SCSSmart Contract Security86
KMPKey Management Permissions78
MMarket87
LLiquidity70
CCollateral100
PMProtocol Mechanics100
ICEInfra Counterparty Exposures100
PCEProtocol Counterparty Exposures100
GGovernance100
FRFinancial Resilience87
TLCTeam Legal Compliance81
DTDocumentation Transparency89
Performance
Assets Under Management · 30D▼ 18.12%
$657m
Over the last 30 days, the total value of Rocket Pool rETH has dropped 18.12% with $145.39M in outflows.
Net APY · 30D▼ 6.07%
1.92%
Over the last 30 days, the APY has decreased from 2.04% to 1.92%.
Active Users · 30D▲ 0.08%
21k
Over the last 30 days, active users have increased by 0.08%, reaching 21.4K wallets.
Market Details
Component Ratings
Contract Addresses
Smart Contract0xae78...Fc6393
RocketVault0x3bdc...b469d6
RocketStorage0x1d8f...e0Fa46
RocketDAOProtocol0x0429...7dF0e1
RocketDepositPool0x2cac...CFBfb4
RocketMinipoolManager0x6293...A8cF3a
Key Strengths
S1Battle-tested peg resilience with the tightest peg among major LSTs during multiple market crises including the 3AC collapse, FTX, and SVB events
S2Extensive 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
S3Saturn I upgrade guardrails introduce a mandatory one-week upgrade delay with security council veto and automatic rate change caps
S4Node operator bond mechanism provides a structural first-loss buffer for rETH holders, absorbing slashing before user funds are affected
Key Risks
R1No verified real-time security monitoring provider has been publicly confirmed for the protocol
R2No published incident response playbook for admin-key compromise or signer loss, despite effective ad-hoc response history
R3Deposit pool depletion risk leaves users dependent on secondary markets; bank-run scenario under full utilization remains untested
R4Very small pDAO treasury with operational costs undisclosed, providing negligible operational buffer
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