Where & how to stake Rocket Pool (RPL)

Introduction

Staking Rocket Pool can be a great option for those who want to hold RPL but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Rocket Pool (RPL) tokens

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

   Platform	Coin	Price
   Bitpanda	Rocket Pool (RPL)	$10.9
   Uphold	Rocket Pool (RPL)	$10.81
   Kraken	Rocket Pool (RPL)	$10.82
   OKX	Rocket Pool (RPL)	$10.86
   Binance	Rocket Pool (RPL)	$10.73
   Coinbase	Rocket Pool (RPL)	$10.88

   See all 16 prices

2. 2. Choose 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 recommend using a staking pool when staking RPL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their RPL, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start validating

   You’ll need 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 be aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.