Avalon Labs (AVL) revolutionizes Bitcoin finance with BTC-backed stablecoin lending, CeDeFi & DeFi solutions. Borrow, stake & earn with BTC-based assets.

 (BTC)’s financial ecosystem, known as 

, has experienced significant growth over the past few years, with a number of sidechains, rollup platforms and cross-chain applications helping users leverage their BTC funds for 

 (DeFi) operations. One of the newer BTCFi solutions on the market is Avalon Labs, a multi-chain platform focused on Bitcoin-backed 

Avalon lets users borrow stablecoins by providing collateral in BTC or BTC-related assets, such as Bitcoin-pegged tokens and 

 of Bitcoin. Users can access funds at fixed repayment rates, ensuring stability in the otherwise volatile crypto finance world. This stability, in turn, drives the more active use of Bitcoin-backed assets in the 

Importantly, Avalon Labs has secured access to billions of dollars in accessible stablecoin funds from centralized finance (CeFi) institutions, helping it act as a key bridge between the worlds of traditional and crypto finance.

 (AVL) is a decentralized BTCFi lending platform that lets users borrow stablecoins by supplying collateral in the Bitcoin cryptocurrency or in BTC-related crypto assets.

 The platform also provides opportunities to earn yield by supplying crypto funds to several liquidity pools. The platform's flagship asset is the USDa stablecoin, backed by Bitcoin.

Avalon also offers other lending opportunities via two primary modes: CeDeFi and DeFi. The CeDeFi offering allows users to access funds in the 

 (USDT) stablecoin, while the DeFi component is made up of three lending and borrowing pools — based on BTC and BTC's liquid staking derivatives, 

Avalon Labs has implemented a series of risk mitigation measures in order to protect its users and ecosystem. Measures focusing on the lending mechanism include the requirement for overcollateralization of all loans, and a rigorous liquidation procedure activated when the 

 (LTV) ratio drops below sustainable levels. Platform-wide risk mitigation measures include regular internal and external security audits, and AI-driven 

Avalon Labs operates on multiple blockchain platforms, including 

, with plans to expand to more decentralized networks in the future.

The project conducted its seed round fundraising in March 2024, and actively entered the BTCFi niche in November 2024 with the launch of its USDa stablecoin. As of the time of writing in early February 2025, the platform is preparing for the launch of its native token, AVL.

USDa is Avalon’s Bitcoin-backed stablecoin, designed to help BTC holders put their funds to active use in the DeFi ecosystem. By providing Bitcoin-based collateral, borrowers can mint USDa, which is freely exchangeable with the USDT stablecoin at a 1:1 ratio. As such, USDa is indirectly pegged to the U.S. dollar via a fixed-rate USDT conversion mechanism.

By locking their collateral and requesting USDa, users create so-called collateralized debt positions (CDPs) — an overcollateralized crypto debt instrument first popularized in the DeFi industry by 

Besides the stable, USD-pegged rate, USDa boasts several other benefits. First, borrowers can access fixed-rate interest repayments for their debts, enjoying certainty in planning their payments to the platform. Secondly, early finalization of debt doesn’t carry a financial penalty. Importantly, USDa can be put to use across different chains, thanks to its utilization of the 

CeDeFi Lending is a major component of Avalon Labs' focus on Bitcoin-backed loans. The project claims to have secured access to billions of dollars in USDT and 

 (USDC) funds at traditional finance institutions. This allows Avalon users to borrow funds in these popular stablecoins at fixed rates of 8 –10%. As of late January 2025, Avalon's CeDeFi lending component allows you to borrow USDT by providing collateral in Ignition FBTC (FBTC), a Bitcoin-pegged omnichain cryptocurrency. Other collateral and borrowing assets (e.g., USDC loans) might also be introduced in the future.

Avalon Labs’ DeFi lending component is represented by three main types of liquidity pools, against which users can lend and borrow assets. The BTC LSD Pools are made up of BTC and BTC-based liquid tokens, with each liquid token isolated to its own independently operating pool. There are also RWA Lending Pools, which consist of RWA tokens and stablecoins. The third type is the General Pool, containing mainstream assets like BTC, ETH, popular stablecoins and more.

The platform separates each asset, such as each liquid token or RWA, into its own isolated pool. Pool isolation helps structure risk mitigation measures carefully tailored to each asset.

For the first few months on the market, Avalon has operated without a native token. The project is currently gearing up for the introduction of its 

, AVL, to be launched sometime in Q1 2025. AVL will support not only governance but also a range of other functions. One of these is staking. By staking AVL, users will be issued sAVL, an asset that will be used directly for governance processes. sAVL holders will participate in votes to decide the rules and future direction of the platform. Staking will also let them accrue crypto rewards in AVL tokens.

Additionally, AVL will provide access to exclusive features, perks and fee rebates on its platform.

The AVL token will be issued with a total supply of 1 billion. Planned supply allocation shares are as follows:

 platform. Bybit Pre-Market Spot is an over-the-counter (OTC) trading platform that allows you to acquire promising new cryptocurrencies before listings on Bybit's main Spot trading market, letting you access these assets at potentially discounted rates.

The AVL listing on Pre-Market Spot lets you speculate on the new token's potential. Naturally, before investing in any asset (whether it's offered via Pre-Market Spot or other trading environments), you’re encouraged to 

 on the project's background, operational details and future potential.

The sphere of financial solutions for the Bitcoin blockchain is quickly gathering pace, with several projects in the cryptocurrency market aiming to help Bitcoin holders put their funds to active use. Avalon Labs is a key initiative within this niche of the cryptocurrency industry, offering a much-needed service — stablecoin issuance backed by the security of Bitcoin. 

Early indicators suggest that this project has significant potential within the Bitcoin ecosystem, as well as within the wider crypto ecosystem. Of particular importance is the project team's claimed access to billions of dollars in USDT and USDC funds at traditional institutional finance providers. A thorough risk management framework — supported by regular audits, AI-driven monitoring, and sound debt collateralization and liquidation mechanisms — also provides further assurances to the user community.

The benefits offered by Avalon Labs are clear-cut, but more details on access to the billions of dollars at traditional finance providers would certainly contribute to user trust in the platform, something that's always helpful for any young web3 startup. Currently, however, the main focus is on the platform's imminent native token launch. AVL's token generation event (TGE) will be a significant evolutionary step in the life of this promising BTCFi project.

Intermediate

avalon crypto.png

Avalon Labs (AVL): Driving Bitcoin’s Financial Evolution

Helium Mobile is revolutionizing telecom with three new plans, including the Zero Plan.

Daily Top Performer — Ampleforth (FORTH)

The S&P 500 rose 0.72% on Tuesday, but futures fell on Wednesday after Alphabet’s weak earnings while investors await more earnings reports. Gold hit a record $2,845.14 as U.S.-China tariffs fueled safe-haven demand. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 4.35%, with Bitcoin and Ether dropping by 2.52% and 6.25%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is FORTH, which surged nearly 49.1% following the announcement of Ampleforth’s Evergreen Cycle, a decentralized solution for resilient DeFi treasuries.

Ampleforth (FORTH), founded in 2018, is a stablecoin that adjusts its supply daily through “rebasing” to maintain price stability, ensuring holders keep their proportional ownership. Ampleforth 

 AMPL and SPOT as decentralized alternatives for DeFi treasuries, reducing reliance on centralized stablecoins. AMPL’s elastic supply and SPOT’s low volatility offer DAOs a resilient treasury strategy through the "Evergreen Cycle"—buying AMPL in bullish markets and rotating into SPOT during downturns. This system enhances liquidity, mitigates market cycle risks, and enables DAOs to act as decentralized “micro central banks,” reinforcing long-term stability in DeFi.

Check Out the Latest Prices, Charts, and Data of 

Helium Mobile is revolutionizing telecom with 

, including the Zero Plan, which offers free mobile service (3GB data, 300 texts, 100 minutes) while rewarding users with Cloud Points for sharing anonymized data. These points can be redeemed for gift cards and experiences. Other plans include the Air Plan ($15/month) for 10GB and the Infinity Plan ($30/month) for unlimited data. Helium Mobile combines community-powered networking with the nation’s largest 5G coverage, making mobile service more affordable, flexible, and rewarding. The plans are currently invite-only, with a waitlist available.

Yesterday, BTC Spot ETFs recorded $91.7M in total inflows, with $72.2M from non-GBTC and $19.5M from GBTC.

, a decentralized social network platform, is hinting at a potential airdrop for users. To increase chances of receiving the airdrop, users should sign up on the platform, create a Town, deposit ETH, and join other Towns to earn points. Towns raised $25.5M in funding and operates on the Caldera network. Tipping others and daily engagement may boost rewards.

Beginner

3.png

Helium Mobile Introduces Free Plan and Rewards for Staying Connected

Haedal unlocks liquidity for staked SUI by converting it into haSUI tokens, enabling users to earn rewards while freely participating in DeFi activities.

vWhat if you could earn staking rewards and keep your crypto liquid? Haedal, a pioneering 

 blockchain, turns this possibility into reality. Haedal eliminates the trade-off between 

 and accessing liquidity by transforming staked SUI tokens into haSUI — a yield-bearing asset usable across 

 (DeFi). This article explores how Haedal simplifies staking, enhances capital efficiency and unlocks superior returns while fueling the growth of the Sui ecosystem.

Haedal is a liquid staking protocol on the Sui blockchain that allows users to stake SUI tokens, mint haSUI (a yield-bearing 

) and earn additional rewards through DeFi integrations. It simplifies participation in staking while maintaining liquidity for decentralized finance activities.

Haedal was created by a group of anonymous blockchain enthusiasts and experts who recognized the need for a more efficient and secure way to stake SUI tokens on the Sui blockchain. Their vision for Haedal was born from the desire to improve the DeFi ecosystem by offering a simple, one-click liquid staking solution. This approach allows users to earn rewards while still keeping their assets flexible and liquid.

Haedal bridges the gap between staking and decentralized finance, making it easier for users to participate in various DeFi activities without sacrificing security or efficiency. By doing so, Haedal boosts user engagement within the Sui ecosystem and also helps strengthen and expand the broader DeFi ecosystem, paving the way for greater blockchain adoption.

Haedal seeks to address the major issue of lack of liquidity in traditional staking models, whereby users must lock their assets for fixed periods. This restricts their ability to use those funds for other investments or DeFi activities, such as 

 or governance participation, reducing flexibility and deterring engagement. 

Another barrier is the complexity of staking management. Selecting validators, monitoring performance and handling technical processes can overwhelm newcomers — and even experienced users. This steep learning curve limits broader adoption and discourages participation in ecosystem growth. 

Also, many staking systems suffer from inefficiency and security risks. Outdated practices or centralized control can expose users to asset loss and/or downtime, while fragmented platforms make participation cumbersome. These vulnerabilities erode trust and hinder the scalability of decentralized networks. 

 technology to tackle liquidity constraints, simplify user experience and enhance security, aiming to create a more accessible and efficient ecosystem for staking and DeFi integration.

Haedal deploys the following advanced mechanisms to make staking SUI tokens more flexible and user-friendly. 

haSUI is a versatile token that unlocks liquidity for users who stake their SUI tokens through Haedal. When users stake SUI, they receive haSUI at a 1:1 ratio, acting as a dynamic “receipt” for their staked assets. Unlike 

, in which funds are locked and unusable, haSUI retains liquidity, allowing users to trade, lend or use it as collateral in DeFi apps while their original SUI continues earning staking rewards. 

Over time, haSUI’s value grows as it accumulates rewards from validators securing the Sui blockchain. This dual functionality bridges the gap between passive income and active participation in DeFi, letting users maximize their crypto holdings without compromise. 

Haedal streamlines staking by automating the entire process. Users deposit SUI tokens into the protocol, which then delegates them to trusted, high-performing validators on the Sui network. This eliminates the need for users to research validators or manage technical details manually. The system continuously monitors validator performance, reallocating stakes to optimize returns and minimize risks. 

Unlike more rigid staking models, Haedal’s protocol imposes no lockup periods, so users can unstake at any time by swapping their haSUI back to SUI. This flexibility, combined with automated efficiency, makes staking accessible to everyone, from newcomers to institutions, while ensuring their contributions actively support Sui’s network security. 

The Random Vault adds an element of chance to traditional staking, creating a fun and community-driven experience. Users deposit SUI into the vault for one week, during which their funds are delegated to validators. At the end of the week, all staking rewards generated by the vault are pooled and distributed to five randomly selected participants. This gamified approach injects some excitement while also diversifying risk by spreading stakes across multiple validators automatically. 

Participants enjoy a hands-off experience, requiring no active management, while gaining exposure to potential bonus rewards. The Random Vault democratizes staking, offering both seasoned users and casual participants a fresh way to engage with the Haedal ecosystem. 

The Haedal Market Maker (HMM) ensures seamless trading and liquidity for haSUI tokens, addressing common challenges in DeFi: price volatility and accessibility. HMM operates by providing deep liquidity pools for haSUI trading pairs, which stabilizes prices and minimizes slippage during trades. This means users can buy or sell haSUI quickly and at fair market rates, even during periods of high demand. 

HMM maintains a tight peg between haSUI and SUI and enforces trust and usability, making the token practical for everyday DeFi activities, such as swapping, lending and/or collateralizing loans. This infrastructure not only benefits individual users, but also strengthens the broader Sui ecosystem, encouraging adoption and enabling institutions to participate confidently in the decentralized finance realm. 

Haedal has achieved significant milestones, including launching its liquid staking protocol, growing its 

Looking ahead, the project aims to expand its product offerings, improve scalability and strengthen its role in the Sui ecosystem. 

Haedal redefines staking on Sui by merging liquidity, simplicity and innovation. By transforming staked SUI into yield-bearing haSUI tokens, it unlocks DeFi opportunities without sacrificing rewards or security. Features such as automated staking, gamified vaults and robust liquidity solutions empower users to maximize earnings while supporting network growth. 

With a clear road map and a community-driven ethos, Haedal is positioning itself as a catalyst for accessible, efficient decentralized finance, bridging traditional asset holding with the dynamic potential of blockchain.

haedal.png

Haedal: Unlock Superior Returns With Sui Liquid Staking

Loopy is a Sui-based meme coin inspired by a beaver with a distinctive pink hue that’s featured in the Pororo the Little Penguin cartoon. Learn more here.

If you want a comprehensive crypto portfolio, it pays to check out 

. Though these coins might not be worth as much as major cryptos, their potentially drastic price swings can result in big profits for investors. One intriguing 

 meme coin to check out is Loopy, a cartoon-themed coin (inspired by a popular television show) that’s had an interesting growth pattern of late. To see if Loopy is the right investment for you, we’ll take a look at its tokenomics and pricing trends. 

 is a meme coin based on the Sui blockchain. It's inspired by a beaver with a distinctive pink hue that’s featured in the 

 cartoon. Much like the character herself, the Loopy coin hopes to showcase the values of friendship, hope and harmony.

On a technological level, Loopy works similarly to other meme coins. Loopy uses the Sui blockchain as the foundation for its system. This delegated 

 network is known for its scalability and speed. Loopy takes advantage of Sui's features by using its standardized 

 and token creation protocols. Since Loopy doesn't have to run its own blockchain, it can focus more on the marketing side of operating a cryptocurrency.

In order to increase its token's market capitalization, Loopy has heavily integrated itself into social media. Loopy runs both a Telegram channel and a 

 where it interacts with its audience. These sites post memes about gentlehearted Loopy, encouraging users to share their own. 

In addition to marketing the Loopy coin, these social media sites also help to operate the entire Loopy community by tracking member participation and using these metrics to determine eligibility for 

Loopy's token, with the symbol LOOPY on most exchanges, is a traditional meme coin that has no utility outside of entertainment. Its sole purpose is to appeal to fans of gentlehearted Loopy in 

 The Loopy coin does have a somewhat higher supply than many other tokens, with a 

. Half of the tokens were distributed to community members in an 

, while the other half were used for token liquidity. The majority of these tokens are circulating now, so the coin's current circulating supply is close to its total supply of 1 trillion tokens.

Loopy was released back in October 2024, so it's already been the subject of a few newsworthy events. The coin was initially selling for around $0.000012, but a decline in trading volume led to a sudden price drop, to around $0.0000035 in early November 2024. Fortunately, fans of the beaver with the distinctive pink hue rallied behind it, and it surged to an impressive all-time high (ATH) of $0.000013 by mid-November. 

When the Loopy token’s price increased by over 763% in just 24 hours, it began receiving a lot of attention. The coin's market cap reached $17 million, and it was briefly one of the top Sui meme coins. Since its heyday, the Loopy token has had some struggles. Starting in January 2025, coin prices dropped to as low as $0.00000004 as its market cap plummeted. 

However, these unusually low prices have been just as noteworthy as the coin's ATH. Loopy fans who were getting priced out of owning the token have been expressing interest in it once again, due to its more affordable prices. The trading volume of Loopy might look a little low now, but it's no longer in free fall, as it was in early January 2025. Some market analysts even suggest that LOOPY’s price may reach 

LOOPY tokens have a high current circulating supply, but not all exchanges support this token yet. It's primarily available through smaller, decentralized exchanges. However, if you prefer a more convenient experience, check out the 

. This service provides access to DEX offerings, while maintaining the same great service that all Bybit users can count on. Purchasing LOOPY through Bybit is as simple as checking the current price, entering the number of LOOPY you want to buy and confirming your purchase. 

LOOPY's market cap and 24-hour trading volume have certainly declined from the coin’s heyday, but it still holds some promise for investors. The low current price means that it's possible to buy a lot of LOOPY without spending much money. This can result in big profits if the coin experiences even minor price increases. Furthermore, most pricing analyses suggest that LOOPY's market cap could recover in the future.

However, don't forget that this sort of investment can be risky. Some meme coins generally fail to return to their ATHs after brief enthusiasm during their launches. Loopy's team hasn't been promoting their coin as much lately, so whether or not LOOPY can recover will rely mostly on the coin's fanbase. While investing a bit of extra money you have in LOOPY could be fun, it’s not recommended that you invest money you can’t afford to lose. Meme coins are always volatile, and it’s essential to use some caution and 

 any time you invest in tokens such as LOOPY.

While LOOPY tokens might not have the highest 24-hour trading volume anymore, this meme coin is still backed by a dedicated community. Its ability to appeal to 

fans with positivity and humor has helped it stand out from other Sui meme coins. Loopy is a great example of how a simple yet fun concept can end up appealing to thousands of investors.

loopy.png

Loopy (LOOPY): The Most Adorable Meme Coin on Sui

Bybit Learn

Altcoins

Rocket Pool is a decentralized node network that opens up staking opportunities to those who lack the expertise or adequate assets required to stake ETH. 

rp-infographic-staking-protocol.png

 transactions in recent years, enabling them to be completed without an intermediary via 

 cryptocurrencies to increase gains on existing assets. While several platforms have been created to fulfill this purpose, one platform stands out from the crowd thanks to its excellent design and functionality.

 required investors to hold at least 32 tokens, but this changed with the launch of Rocket Pool. As little as 0.01 ETH is required on this platform. This is because Rocket Pool staking involves the creation of a minipool of tokens from two matched investors. Together, these investors stake ETH tokens to meet the minimum requirement and earn staking rewards. 

In addition, the Rocket Pool network addresses the need to manage an Ethereum node, which makes this platform suitable for interested users who want to simplify their staking experience. Notably, Rocket Pool has several standout features that differentiate it from other seemingly similar networks. Users can connect their 

 (DEX) wallets in a few easy steps in order to immediately begin enjoying the lucrative benefits of staking their ETH tokens. 

 (decentralized autonomous organizations) for governance — Protocol DAO and Oracle DAO — and they are collectively responsible for voting on network upgrades and managing staking rewards.

Rocket Pool was established in late 2016 by David Rugendyke with an alpha launch date in May 2017. Its mainnet launch was set to be Oct 6, 2021. However, due to technical issues, the launch was pushed back to Nov 9 of that year. Rocket Pool was designed with the Mauve Paper released by Vitalik. 

Since the Rocket Pool network launched, several bugs have been identified and properly addressed to ensure the best user experience.

Investors are not required to lock their tokens to receive rewards, which has added to the growing popularity of Rocket Pool over the years. This network is live for traders and investors to take advantage of today, and it continues to be updated to improve the user experience. Currently, Rocket Pool has more than 1,400 node operators with more than 216,000 ETH staked.

The Rocket Pool protocol allows multiple investors to combine their transactions together for faster and more affordable transactions. This network is specifically advantageous to two groups of people. It provides staking benefits for those who want to earn staking rewards without a large investment or having to lock their tokens up. It is also suitable for those who want to operate a node and may not have a large supply of ETH available to stake. Because of its unique functionality, investors can take advantage of staking rewards through an investment of only 0.01 ETH.

Interested investors only need to deposit the desired amount of ETH into their Rocket Pool account to get started. Then, after the user becomes a node operator, the investor’s deposits are paired with another user’s ETH investment in a minipool. This equates to the 32 ETH required for staking. Rocket Pool completes all of the requirements for having an Ethereum node, so extensive knowledge is not required by the investors. The users then collect a commission for staking their tokens. The actual commission rate is based on the demand on the node. However, users are able to specify the minimum return they want before staking their ETH tokens. Staking rewards are paid in the form of RPL, the network’s governance token.

Another key aspect of Rocket Pool is its watchtower nodes. These are maintained by Rocket Pool and serve the important role of communicating between the 

 and the Ethereum PoW network. Specifically, these nodes are used to determine the exchange rate for rETH/ETH. They also communicate withdrawal requests by users.

Rocket Pool stands apart from other networks through its unique processes and features. Collectively, its features provide those who wish to stake their tokens the ability to do so even when they are working with a smaller number of tokens or do not have the expertise required to perform staking. What are the specific features that make Rocket Pool different from other networks?

Rocket Pool operates with a dual token model, and these two tokens are rETH and RPL. RPL is the network’s 

. It works in the same way as the native token for other networks’ DAOs. The token is used to generate rewards and to support the network’s governance. The other token is rETH, which is a liquid staking token. You must stake at least 0.01 ETH to receive this 

 token which acts as a tokenized deposit that you can trade for rewards.

On the Beacon Chain, validators are node operators who are tasked with verifying transactions before adding them to network blocks. Validators can also propose brand-new blocks. To take on this important position on the Beacon Chain, the individual must typically stake 32 ETH. 

Through Rocket Pool, however, you can take advantage of two distinct types of staking. One of these is rETH tokenized staking. With rETH tokenized staking, you can stake as little as 0.01 ETH or more based on your preference. The ETH you deposit will contribute to the deposit pool which allows a Rocket Pool node operator to create a new Beacon Chain validator. In return for your deposit, you will receive rETH. The amount of rETH that you receive will depend on how much ETH the you deposit, and when the deposit is made. The ratio also takes into account the rewards that Rocket Pool node operators earn from the Beacon Chain itself and priority fees as well as 

The rETH is a liquidity token, and since Beacon Chain rewards, priority fees and MEV rewards will always increase, the value of rETH will also increase proportionately to ETH. The rETH/ETH exchange rate is refreshed daily to take into account the staking rewards earned by Rocket Pool node operators. The Rocket Pool protocol allows rETH to be exchanged for ETH. These rETH tokens may also be traded and used on other networks. 

The other staking option on Rocket Pool is called node staking. Node staking is specifically suitable for users who are familiar with the technical side of being a node operator. Such users must stake 16 rather than 32 ETH. The remaining 16 ETH to form the full 32 ETH will come from the staking pool which stakers deposited in exchange for rETH to establish a new Ethereum validator known as a minipool. 

Rocket Pool is designed with several security protocols in place. One of these is a socialized risk management system. This spreads the losses associated with ETH slashing across the full protocol versus one node. Another security measure used within Rocket Pool requires users to stake their tokens for at least 24 hours. By imposing this requirement, the risk of malicious behaviors on the network is minimized. In addition, several of the industry’s top auditing companies have completed thorough audits and have issued security endorsements for Rocket Pool.

The Rocket Pool protocol is designed to improve ETH staking for its users and to open the door for more people to benefit from staking. Through its specialized protocol and unique features, it offers several important benefits that you may not find on other seemingly similar networks that serve as an intermediary via smart contracts on a blockchain.

Staking ETH tokens typically requires a minimum of 32 tokens. Many users, however, either do not have this minimum number available or do not want to stake so many tokens. Rocket Pool’s unique protocol enables those with a lower number of tokens to participate in ETH staking. For example, by staking only 0.01 ETH, you can obtain an rETH token and begin receiving staking rewards. Another option is to contribute 16 ETH and join a minipool. Collectively, the pool will have the minimum number of required tokens.

Another benefit of Rocket Pool is that there are no staking periods for both stakers and node operators. This means that you are free to deposit and withdraw your tokens at any time that you desire. While this feature will soon be made available on Ethereum thanks to the 

, users who are unwilling to wait until then can enjoy this flexibility on Rocket Pool for the time being. 

Rocket Pool is designed to minimize risks to users through its security mechanisms, protocol and features. However, as is true with all cryptocurrency-based activities, there remain a few risks. What are the primary risks that you should be aware of before getting active with Rocket Pool?

The Possibility of Smart Contract Failure

 (DApp) uses smart contracts. These are lines of code that are automated, so there is a risk of failure. Developers have taken tremendous steps to address this potential security issue through audits from top auditors like 

. By relying on feedback from these auditors, Rocket Pool’s developers have made enhancements to the protocol. Nonetheless, users should understand that there may still be a potential for smart contract failure.

Node operators on the Beacon Chain are expected to perform their specific duties on a regular basis. When they do not follow through, they may be penalized. Nodes must deposit collateral of between 10% to 150% of their staked ETH. Collateral is paid in RPL, and this collateral pays any penalties that may be assessed. However, this risk can be mitigated as node staking is not the only way to earn staking rewards on Rocket Pool. You can also choose to stake ETH to receive an rETH token that you can trade for RPL rewards.

Rocket Pool had both a token presale and a crowd sale in 2017 with the launch of its beta version. In 2018, Rocket Pool 2.0 was released in response to changes to the Casper system used by the Ethereum network. By November 2019, roughly 1,000 users have staked 50,000 ETH through Rocket Pool. In 2020, the Beacon Chain enhanced Rocket Pool’s protocol. Improvements to Rocket Pool going forward will be determined through the network’s governance. 

 with new tokens minted every four weeks. At its launch, 18 million RPL tokens were released. Investors received a 54% allocation of these tokens. In addition, 31% was reserved for airdrops and pre-mined rewards. The remaining 15% went toward the founders and project costs. 

Rocket Pool implements a 5% annual emission over a 10-year period to increase the total supply to just under 30 million tokens. The circulating supply, total supply and max supply are the same. The supply is slightly more than 19.1 million. As an inflationary token, the supply of RPL grows periodically.

As of Jan 31, 2023, the price of RPL is $38.08. During its 

 (ICO) in 2017, RPL was valued at $0.98. Following this, RPL’s price remained relatively stagnant and moved sideways from 2018 to 2020. It started climbing in price in February 2021 and hit a peak of $23.32 in May 2021. Its price then declined before increasing again in August that year. At the time of its mainnet launch on Nov 9, 2021, RPL price hit an all-time high of $59.46. Its price then steadily declined following the poor market sentiment experienced by the entire crypto market. 

In November 2022, RPL price was trading between $15 and $20. In January 2023, RPL price shot up drastically to $39.51 after RPL’s listing on Binance was announced. Looking forward, 

 believes that RPL price will range between $57.35 and $69.41 at the end of 2023. Its price in 2024 may range between $82.73 and $100.31. In 2025, RPL price is expected to reach between $119.83 and $146.97. By 2030, RPL price is predicted to be between $762.92 and $933.09. 

RPL is available for purchase through several popular exchanges, including Bybit. Purchasing RPL through Bybit is a relatively fast process that can be completed in a few easy steps. The first step is to sign up for a Bybit account if you don’t already have one. Once this is done, you can proceed to trade the 

RPL can be purchased through several exchanges, and it can be earned by staking ETH or rETH on Rocket Pool. While RPL can be exchanged relatively easily, users could benefit by holding RPL for a longer period of time. In fact, the RPL value currently is $38.08 (as of Jan 31, 2023), and it is projected to be as high as $933.09 by 2030. Of course, the cryptocurrency market is extremely volatile at times, so there is a risk of loss. As such, even though there is a strong potential for profits by holding RPL, users should not invest more than they can afford to lose.

Rocket Pool is designed to swing the door open wider for more users to benefit from staking their ETH. Its design and features enable users to stake ETH if they do not have technical expertise with node operations and if they only want to stake a small amount of ETH. More than that, rewards are given in RPL tokens, and the value of these tokens has a probability of increasing over time. With this in mind, taking a closer look at Rocket Pool is worthwhile.

Rocket Pool (RPL): An Ethereum 2.0 Proof of Stake Protocol

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards