Multiply Your rETH On

Multiply Your rETH On

On June 20th 2022, MKR holders voted for onboarding rETH, a redemption token representing staked ETH on Rocket Pool, as collateral to the Maker Protocol. From now, the collateral is officially onboarded to the Maker protocol and available to back your Dai on

What Does this mean for you?

You can now open a standard Borrow or Multiply vault using rETH as collateral.

About rETH

Rocket Pool is an Ethereum Proof of Stake infrastructure service.

As a Rocket Pool staker, your role is to deposit ETH into the deposit pool which will enable a node operator to create a new Beacon Chain validator.

In doing so, you will be given a token called rETH. Since the Beacon Chain rewards, priority fees, and MEV rewards will constantly accumulate, this means that rETH's value effectively always increases relative to ETH.

rETH represents both how much ETH you deposited, and when you deposited it.

ETH/rETH Exchange Rate

At this point there are 300,480 ETH staking across 1,711 node operators around the globe.

How to get rETH?

To get rETH you need to go over Rocket Pool staking, connect your wallet to stake your ETH, and get rETH in return. Alternatively you can swap your ETH for rETH on 1inch or through Swap.

For a detailed guide on how to get rETH please visit: (our step-by-step guide).

Now with your rETH, you can come back to to open your vault.

For more information about how to open and manage a vault visit our Knowledge Base.

rETH parameters for Maker

Read below to see which will be all the parameters for rETH voted by the Maker Governance:

  • Stability Fee: 1.5%
  • Liquidation Ratio: 170%
  • Maximum Debt Ceiling: 5m
  • Target Available Debt: 3m
  • Ceiling Increase Cooldown (ttl): 8h

Liquidation Parameters:

Liquidation Limits:

Getting help

If you have any questions regarding in general, you contact us at or on our social media.

Summer Blog