Table of Contents
Key Points
- Rocket Pool announces that it’s deploying on zkSync Era
- Users to stake ETH on zkSync Era by holding rETH in their wallets
- $rETH will continue to accrue staking rewards automatically, similar to what happens on Mainnet and other Layer 2’s
Rocket Pool is coming to zkSync Era
On June 1, 2023, ETH staking services provider Rocket Pool announced that it was deploying on zkSync Era. This development will allow users to start staking their ETH on Era by holding rETH in their wallets. Additionally, like on ETH mainnet and other L2s, $rETH will automatically accrue staking rewards.
Rocket Pool is yet another integration coming to the fast-growing zkSync Era’s zkEVM DeFi ecosystem that has been taking the internet and crypto industry by storm since its launch two months ago.
Rocket Pool will benefit Liquid stakers with Era’s faster speeds & lower transaction costs, secured by zkSync’s zero-knowledge proofs upon capital deployment with them. The staking provider says this development is yet another step in its mission to lower barriers to entry & ensure anyone can participate in Ethereum’s proof-of-stake system and benefit from it fully.
In a press release, Rocket Pool said:
“As Ethereum’s most decentralized liquid staking protocol, we’re also researching how zero-knowledge proofs can be used in other parts of the protocol to provide decentralized security.”
Since its launch (March 2023), zkSync Era has seen a tremendous spike in its network activity, recording the highest levels ever reached by any Ethereum scaling solution in a short period. As recently highlighted by Messari, the adoption of zkSync Era has also rapidly grown in terms of Total Value Locked (TVL) and transaction volume.
These developments foreshadow the growing interest and faith in innovation, which may see even more projects adopting it. Keep watching Fintech Express for updates on these developments as soon as they happen.