Coinbase Venture Fund decided to invest in Rocket Pool

Rocket Pool is a liquid staking service. He was able to get the strategic size of investments from the venture fund of the cryptocurrency exchange Coinbase.

How much has the exchange invested

We are talking about the Coinbase Ventures fund. He made investments by acquiring the utility coin RPL. At the same time, the amount of investments is not disclosed. At the time of writing, the coin is estimated at $28. According to the CoinGecko analytical service, it has been able to gain 1.8% in price over the past 24 hours. The token has a good market capitalization of more than $ 552 million.

The staking service is a decentralized protocol. He compares the stake holders with the node operators, combining them into a common system. To participate in the process, operators need to have 16 ethereums and some RLP coins.

According to the analytical service DeFi Llama, the value of blocked assets on the staking platform is almost $ 1.9 billion.

The share of the service itself in the staking sphere is more than 8%. The platform is in third place, second only to Lido with their share of more than 74% and Coinbase, which has more than 11%.

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