What is Rocket Pool (RPL)?
Rocket Pool (RPL) is an Ethereum Proof of Stake protocol, established in late 2016 and operational since October 2021. It's designed as a decentralized, community-owned network, offering two primary services: tokenized liquid staking with rETH for users with as little as 0.01 ETH, and a platform for those wishing to stake ETH and operate a node for higher returns through earned commissions.
Rocket Pool emphasizes a decentralized and trustless framework, mirroring Ethereum's ethos. This approach ensures the network remains impartial and not controlled by a single entity. RPL, the protocol's native token, is essential for governance and operational aspects within the network. Node operators use RPL as collateral, providing a layer of security and trust. Learn more
How to Deposit RPL Into Your Coinmetro Account
For all information on how to deposit RPL into your Coinmetro account, please see the following help center article: How to Deposit RPL.
As Coinmetro uses smart contracts for ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw RPL From Your Coinmetro Account
For all information on how to withdraw RPL from your Coinmetro account, please see the following help center article: How to Withdraw RPL.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.