Question

Q19. RocketPool is a decentralized ETH2 Staking application. Using RocketPool, users can either stake ETH or stake ETH and run a node. Users deposit ETH and mint rETH tokens. For users only interested in staking, the minimum deposit is 0.01 ETH and the rETH tokens are liquid. For users interested in running a node and staking, the minimum deposit is 16 ETH, but better rewards are received. For more information, please see rocketpool.net

Lido is another application that also offers ETH2 liquid staking. Compare and contrast activity on RocketPool vs. Lido over the past three months. Is one growing more quickly than the other? Can we conclude if one of these applications is better for users than the other? Are there different types of users using RocketPool compared to Lido, or are the user profiles similar? Visualize and explain your conclusions.

Hint:

Lido sETH contract: https://etherscan.io/txs?a=0xae7ab96520de3a18e5e111b5eaab095312d7fe84

Key Findings

• As can be seen from the graphs, the stETH token is much more popular among users compared to rETH.
• The average amount of ETH staked through the two platforms is somewhat close to each other, although Lido is still in the lead in this area.