Where and how to stake Rocket Pool (RPL)

Introduction

Staking Rocket Pool can be a great option for those who wish to hold RPL while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Rocket Pool (RPL) Tokens

   To stake Rocket Pool, you need to have it. To obtain Rocket Pool, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Rocket Pool (RPL)	10.04
   Uphold	Rocket Pool (RPL)	10.02
   Kraken	Rocket Pool (RPL)	10.05
   OKX	Rocket Pool (RPL)	10.04
   Binance	Rocket Pool (RPL)	10.01
   Coinbase	Rocket Pool (RPL)	10.06

   See all 20 prices

2. 2. Select a Rocket Pool Wallet

   Once you have RPL, you’ll need to choose a Rocket Pool wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	Rocket Pool (RPL)	Up to 3 APY

3. 3. Delegate Your RPL

   We suggest using a staking pool for staking RPL. It's easier and quicker to get started. A staking pool is a collection of validators who combine their RPL, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Rocket Pool network. You'll be rewarded with RPL for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.