# Rocket Pool

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rocket-pool

- Industry: Financial Services
- Headquarters: Alpharetta, US
- Website: www.rocketpool.net
- Latest round: Seed (May 12, 2018)
- Investors on record: 1

## About

Rocket Pool is an innovative decentralized Ethereum Liquid Staking Protocol, facilitating both liquid and node staking to enhance liquidity for Ethereum (ETH) users, enabling them to earn rewards on their staked assets.Rocket Pool, headquartered in Alpharetta, US, specializes in a decentralized Ethereum Liquid Staking Protocol. Founded by David Rugendyke, the company has established itself within the Ethereum ecosystem. In May 2018, Rocket Pool raised an undisclosed amount of venture funding led by ConsenSys Ventures, marking a significant milestone in its funding journey.Rocket Pool offers a decentralized Ethereum Liquid Staking Protocol designed to facilitate both liquid and node staking for Ethereum (ETH) users. Its core product allows users to stake their ETH while simultaneously earning rewards, thus enhancing the liquidity of their staked assets. The protocol addresses issues such as the need for secure and efficient staking in a decentralized manner, catering to individual investors, institutional players, and developers globally, including regions in North America, Europe, and Asia where there is a rising interest in Ethereum staking options.Rocket Pool generates revenue through transaction fees associated with its liquid staking services, where users stake their ETH in exchange for rETH tokens representing their stake. This transaction structure supports a B2C model, allowing individual users to engage directly with the platform. Clients earn rewards based on a seven-day average, which are compounded through their rETH holdings. The revenue model also encompasses partnerships with other DeFi protocols and platforms, enhancing user access to staking opportunities, ensuring transparency and user engagement with the protocol’s offerings.Rocket Pool plans to enhance its offerings and expand into new markets, focusing on launching new products and features that strengthen its staking capabilities. The company aims to enter additional geographic regions by leveraging its recent funding. The financing secured through the deal in May 2018 will support these initiatives, enabling Rocket Pool to target expansion in emerging markets where interest in ETH staking is growing.

## Funding rounds

- Seed, May 12, 2018 — ConsenSys Ventures

## Investors

- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Seed