OpenOcean, the Dex Aggregator, has integrated Rocket Pool’s rETH smart contract onto the platform. DeFi users can now access the highly-popular staking derivative rETH with even better rates on OpenOcean. Users who seek to swap into or out of rETH can do very simply, connect your wallet and either make a swap or use our limit orders to buy at the price you want. By Introducing Rocket Pools smart contracts we can offer our community even more flexibility and liquidity; with OpenOcean you don’t need to compare different platforms as you know you’re always getting the most value.
**OpenOcean Introduces Rocket Pools smart contracts
**Rocket Pool is a ‘trustless grouped-node platform’ which locks users ETH (min 0.01) and gives rETH. rETH is a liquid staking asset, meaning it will continue to earn ETH rewards whilst being held. Liquid staking ETH is eligible for redemption on Rocket Pool providing there is sufficient liquidity from the pools or it can be market swapped at their own discretion on any platform like OpenOcean.
When swapping between rETH and ETH you would normally have to consider redemption rETH/ETH ratios against the market costs of trading- OpenOcean now does the legwork for you. By integrating Rocket Pools smart contracts we can pull from both market liquidity and Rocket Pool rETH/ETH liquidity enabling traders to know that the rate they’re getting is guaranteed to be the best regardless of where it pulls the tokens from.
**What is liquid staking and rETH?
**In order to get rETH you deposit ETH into a pool which will then enable a node operator to make use of your tokens. The rETH token represents how much ETH you have staked and at what time you deposited it. The rETH token value is constantly increasing, thus its liquid nature and so the value is representative of the accrued fees from different proposals and various MEV rewards.
Conclusion
By introducing Rocket Pool’s smart contract into the OpenOcean DEX Aggregator platform, we’ve been able offer the best market rates when swapping rETH. It’ll be completely normal when trading rETH except now you’ll be able to access even deeper liquidity and know that whether you redeem or trade your rETH… you’ll always get the best price by using the OpenOcean Dex Aggregator!
**About OpenOcean
**OpenOcean is the most efficient DEX aggregator and cross-chain swap aggregator, integrating major DEXs across 19 blockchains. OpenOcean’s intelligent routing algorithm optimizes swaps for maximum returns and is completely free to use!
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