Rocket Pool to Integrate With Zksync Era, Offering Faster Speeds and Lower Transaction Costs

According to Rocket Pool, a liquid staking derivatives provider, users volition person the quality to liquid involvement their ETH utilizing the Layer 2 (L2) Zksync Era network. The institution clarified that Rocket Pool liquid stakers utilizing Zksync Era volition bask faster speeds and little transaction costs.

Liquid Staking Protocol Rocket Pool Joins Forces With Zksync Era

The liquid staking protocol Rocket Pool, ranked 3rd successful size, is acceptable to integrate with Zksync, arsenic announced connected Twitter. Statistics uncover that Rocket Pool presently holds 733,575 ether, equivalent to $1.3 billion, wrong its liquid staking protocol. On Thursday, the squad tweeted, “Rocket Pool is coming to Zksync Era. You’ll soon beryllium capable to liquid involvement your ETH connected Zksync Era by simply holding rETH successful your wallet. Just similar connected mainnet and different L2’s, rETH volition proceed to accrue staking rewards automatically.”

Liquid staking has gained popularity successful caller years, and this twelvemonth has witnessed a important surge successful the fig of ETH staked successful these protocols. Nearly 10 cardinal ETH are presently locked successful the starring liquid staking protocols, with Rocket Pool capturing 7.72% of the marketplace share. Zksync, an Ethereum Layer 2 (L2) solution akin to Arbitrum and Optimism, introduced Zksync Era successful March, conscionable 2 months ago. Rocket Pool has outlined that stakers utilizing Zksync volition bask faster confirmation times and reduced web fees.

“Liquid stakers volition payment from faster speeds [and] little transaction costs, secured by Zksync Era’s zero-knowledge proofs,” Rocket Pool said. “Another measurement successful our ngo to trim barriers to introduction [and] guarantee everyone tin enactment successful Ethereum’s proof-of-stake system.” According to data, the contiguous transaction outgo connected Zksync stands astatine $0.10 for sending ether and $0.24 per coin swap. In contrast, an onchain ETH transaction incurs a outgo of $1.54, portion a high-priority token swap onchain transaction costs $13.91.

Rocket Pool has experienced notable activity successful the past 2 months, and seven-day statistic bespeak a 4.87% summation successful its full worth locked (TVL). Over the erstwhile 30 days, Rocket Pool’s TVL has risen by 25.68%. Despite holding the third-largest magnitude of ETH among liquid staking protocols, Rocket Pool falls down Lido Finance, which commands an awesome 73.90% of the full Ethereum-based liquid staking marketplace share. Out of the existent 9.49 cardinal ETH held, Lido’s protocol accounts for 7.01 cardinal ether.

What are your thoughts connected the aboriginal of liquid staking and its imaginable interaction connected the Ethereum ecosystem? Share your views and opinions astir this taxable successful the comments conception below.