Rocket Pool ETH (rETH) is Rocket Pool’s non-rebasing liquid-staking token. It represents an ETH staking deposit in the Rocket Pool protocol; staking rewards are reflected in rETH’s value relative to ETH rather than by increasing the number of tokens in a wallet.
| Metric | Value |
|---|---|
| Ticker | RETH |
| Price | $2,780.65 |
| Market Cap | $860.545M |
| 24h Change | -1.0% |
| Circulating Supply | 309,410 rETH |
| Total Supply | 309,410 rETH |
| Max Supply | No maximum listed |
| Ethereum Contract | 0xae78736cd615f374d3085123a210448e74fc6393 |
CoinGecko snapshot taken 2026-10-24. Market price and capitalization are secondary-market data and refresh dynamically. CoinGecko reported 309,410 circulating and total rETH, with no maximum supply listed.
How rETH works
A user deposits ETH through Rocket Pool and receives rETH at the protocol’s exchange rate. The token can be held or used in DeFi while representing a claim on the pooled staking position. Because it is non-rebasing, the wallet balance usually stays the same while the protocol exchange rate changes as staking rewards and pool accounting accrue. The rate is not a guaranteed market price: rETH can trade above or below the protocol rate, and direct redemption depends on available protocol liquidity.
Tokenomics and supply
rETH has no fixed maximum supply listed by CoinGecko. New deposits can increase its supply, while withdrawals and protocol operations can change the amount outstanding. The number shown above is a provider snapshot, not a promise of redemption value. rETH does not have a separate scheduled inflation allocation like a conventional governance token; its economic exposure comes from the ETH staking position and the protocol’s reward and withdrawal mechanics.
Rocket Pool node operators
Rocket Pool’s Saturn 1 documentation describes the current megapool model: a node operator bonds 4 ETH for each validator, paired with 28 ETH from the rETH staking pool. This replaces older descriptions of newly created 8 ETH minipools. RPL is no longer required as collateral for a new megapool validator, though operators may stake RPL for protocol revenue and RPL rewards. Validator operation still involves uptime, slashing, smart-contract, and network risks.
Market price and protocol rate
The CoinGecko price reflects trading on markets; the protocol rate is calculated from Rocket Pool’s accounting of ETH and rETH. They can differ because of liquidity, demand, and execution costs. A displayed market price should not be read as an immediate redemption quote, and unstaking may depend on the route and liquidity available when a user acts.
Related Terms
See Also
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Sources
- Rocket Pool protocol FAQ — Rocket Pool describes rETH as a tradable staking deposit and explains that redemption depends on available liquidity.
- The Saturn 1 upgrade — Rocket Pool — Rocket Pool explains the megapool transition and current node-operator design.
- Creating a Megapool Validator — Rocket Pool — The current guide specifies the 4 ETH operator bond paired with 28 ETH from the rETH deposit pool.
- Rocket Pool ETH on CoinGecko — CoinGecko provides the timestamped secondary-market price, capitalization, and reported supply.