Rocket Pool ETH

The primary use of the RETH token is for staking within the Rocket Pool platform. As a Rocket Pool staker, users deposit ETH into the deposit pool, enabling a node operator to create a new Beacon Chain validator. In doing this, users are given RETH tokens that represent both the amount of ETH they deposited and when they deposited it.

Additionally, RETH can be traded on decentralized exchanges like Balancer and Uniswap, allowing users to benefit from decentralized staking without having to swap ETH for RETH directly via Rocket Pool. As rewards from staking are earned, the value of RETH grows relative to ETH, providing an incentive for holding and trading the token.