• Rocket Pool has deployed on zkSync Era, allowing users to use rETH in DeFi protocols
• It is the second-largest liquid staking protocol in the industry
• zkSync Era is still in beta and is considered centralized
Rocket Pool Deploys on zkSync Era
Rocket Pool, one of the oldest Ethereum liquid staking protocols, has just announced its deployment on zkSync Era. It is the second-largest liquid staking protocol in the industry, only behind Lido. On Thursday, Rocket Pool announced that it has deployed on zkSync Era zkEVM, an Ethereum Layer-2 scaling solution that uses zero-knowledge proofs to increase throughput and lower transaction fees. Users can now use rETH token for cheaper transactions and deploy it on other decentralized finance (DeFi) platforms.
What is zkSync Era?
zkSync Era is an Ethereum Layer-2 scaling solution that uses zero-knowledge proofs to increase throughput and lower transaction fees. It went live on Ethereum mainnet in March 2021. The project is still in beta and considered centralized.
Why This Matters
Having established Ethereum projects move to newly launched but promising Layer-2 scaling projects is a welcoming sign. Eventually, all major protocols are expected to move to rollups to increase throughput and decrease costs while preserving Ethereum’s security.
Current Staked ETH
Currently, 687,456 ETH is being staked with Rocket Pool according to data from their website.
Rockets Pool’s deployment onto zksync era will allow users access to low fee transactions as well as open up new avenues for DeFi usage – further expanding the utility of this project within the broader crypto market space.