Spool users have new options to choose from when it comes to building their DeFi portfolios. The DAO powering its DeFi infrastructure solution has chosen to integrate Rocket Pool into its roster of strategies.
What does that mean? For one, by welcoming Rocket Pool to its strategy lineup, Spool users can further diversify their protocol creation using a supercharged Liquid Staking Token (LST) and gain access to rETH for deposits.
It also means that Spool users can now utilize rETH as a deposit option when creating their Smart Vaults, unlocking the potential of Rocket Pool’s LSTs with unparalleled flexibility, risk-reduction, and security.
“This collaboration with Rocket Pool marks another milestone in our mission to bring our users the very best of DeFi, and we’re thrilled to see it come to fruition,” says Simon Schaber, Chief Business Development Officer of Spool. “Integrating rETH and Rocket Pool’s LST strategy is more than just one upgrade, it demonstrates our ongoing commitment to being the primary infrastructure provider for DeFi solutions.”
As one of DeFi’s most influential projects, Rocket Pool’s liquid staking capabilities boost Spool users’ portfolio diversity without having to navigate the usual complex entry points required to access LSTs.
Spool’s automated and risk-managed environment also enables its users to deposit rETH, Rocket Pool’s proprietary liquid staking token, into their Smart Vaults, adding new utility and broadening the currency options available in their protocol. Making rETH a deposit option outside of Rocket Pool expands its usage for other strategies within Spool’s ecosystem, exemplifying DeFi’s flexible and dynamic nature.
“In the rapidly evolving world of decentralized liquid staking, we continue to cultivate a growing list of ecosystem integrations, and that includes leading projects such as Spool DAO,” says Nick Ashley, Marketing Manager of Rocket Pool. “It’s important that we continue to maximize the composability of our liquid staking token, rETH, and extend its reach to new audiences, and that’s what this collaboration helps us to achieve.”
The integration adds to a steady stream of recent partnerships for Spool, including Staking Rewards and Solity Network, solidifying its momentum as a platform building expansive DeFi infrastructure for both institutional and retail players to utilize.
