• Rocket Pool, one of the oldest Ethereum liquid staking protocols, has announced its deployment on zkSync Era.
• Users can use rETH token for cheaper on the network and deploy it on other decentralized finance (DeFi) platforms.
• Rocket Pool is the second-largest Ethereum liquid staking protocol, only behind Lido.
Rocket Pool to Allow Users to Stake ETH on Ethereum Layer-2 zkSync Era
Rocket Pool, one of the oldest Ethereum liquid staking protocols, has just announced its deployment on zkSync Era. It is the first liquid staking project to deploy on zkSync Era which itself went live on Ethereum mainnet in March.
What This Means for Users?
Users can now use rETH token for cheaper on the network and deploy it on other decentralized finance (DeFi) platforms. Rocket Pool currently has 687,456 ETH being staked with it and is the second-largest liquid staking protocol in the industry, only behind Lido.
zkSync Era: Centralized or Decentralized?
zkSync Era is still in beta and is considered centralized by many people in the industry. However, having established Ethereum projects move to newly launched but promising Layer-2 scaling projects is a welcoming sign as eventually all major protocols are expected to move to rollups to increase throughput and decrease costs while preserving Ethereum’s security.
Why Should You Care?
Ethereum Layer-2 scaling projects are increasingly getting more attention from the industry incumbents as they offer lower transaction fees and increased throughput compared to mainnet transactions. Therefore, deploying popular projects such as Rocket Pool onto these Layer-2 solutions will likely make them even more popular among users who want a faster and cheaper way of using DeFi protocols without compromising security or decentralization of their funds.
Deployment of popular projects such as Rocket Pool onto Layer- 2 solutions like zkSync era shows that this technology continues gaining traction among developers looking for ways to scale up their dApps without sacrificing decentralization or security of their users’ funds. This could prove useful for both developers building dApps and users looking for cheaper fees when transacting or performing financial activities within DeFi protocols using cryptocurrencies such as ETH or rETH tokens deployed onto these platforms.