We propose to add the Rocket Pooled ETH (rETH) token market to strike protocol.
There is strong interest in using rETH to earn additional yield without taking a lot of risk. This is evident through the growth of the rETH market on AAVE and Curve Finance, which has become the most liquid pools.
The addition of rETH on to Strike Protocol can work to attract a larger audience to both Strike Finance and Rocket Pool. rETH would likely bring new borrow demand to Strike as market participants look to borrow ETH against their deposited rETH to stake more ETH into Rocket Pool for higher yield.
Rocket Pool ETH (rETH) is the Rocket Pool protocol’s liquid staking token, the ETH liquid staking derivative token used to represent staked ether on Rocket Pool. It is currently by far one of the most popular liquid staking solution, with $2.857B TVL.
The rETH token represents an amount of ETH that is being staked and earning rewards within Ethereum Proof-of-Stake. As Rocket Pool node operators, stake Ethereum on Proof-of-Stake the resulting rewards increase the value of rETH relative to ETH. Rocket Pool’s liquid staking token allows holders to benefit from the returns of the Ethereum Proof-of-Stake.
Coinmarketcap market data: Rocket Pool ETH price today, RETH to USD live price, marketcap and chart | CoinMarketCap
Underlying asset: 0xae78736cd615f374d3085123a210448e74fc6393
Collateral Factor: 80%
STRK reward emission for rETH market
- supply: 40
- borrow: 0
Interest model: JumpRateModel
Oracle: Chainlink rETH price feed
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