About Rocket Pool ETH

Rocket Pool ETH is the liquid staking token of Rocket Pool, Ethereum's permissionless staking protocol run by independent node operators. rETH is not pegged to ether: it is minted below one ETH and its redemption rate grows as validator rewards accrue, so a holder's ETH balance rises over time rather than the token trading at par. It circulates on Ethereum and on the L2s and sidechains it has been bridged to.