Share this article
Coinbase Ventures Joins Liquid Staking Protocol Rocket Pool’s Oracle DAO
The investment branch of one of the largest centralized exchanges will receive a share of rewards dedicated to Rocket Pool’s Oracle DAO.
Updated May 9, 2023, 4:11 a.m. Published Apr 3, 2023, 8:58 p.m.
Coinbase Ventures has increased its involvement with liquid staking protocol Rocket Pool. Last Friday, the investment branch of one of the largest centralized exchanges by trading volume joined Rocket Pool’s Oracle DAO (oDAO), a group of permissioned special node operators that perform extra duties for the protocol.
As such, Coinbase Ventures will receive a share of the 15% of the total RPL inflation produced at each rewards period dedicated to Rocket Pool’s Oracle DAO. RPL, the native token for the Rocket Pool ecosystem that provides direct incentives, insurance and governance for protocol according to a blog post, has traded flat in April, ranging between $43 and $44, per CoinGecko. Additionally, rETH, Rocket Pool’s staking derivative, has a premium against ETH: On Uniswap, 1 rETH swaps for 1.07295 ETH at press time.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Earlier this year, Rocket Pool founder David Rugendyke announced that Coinbase Ventures had invested in the staking platform. Coinbase Ventures’ recent inclusion with Rocket Pool’s oDAO comes as many in the crypto space are gearing up for Ethereum’s Shanghai hard fork, set to enable ether withdrawals for the first time on April 12.
A pseudonymous Rocket Pool node operator, who goes by [object Object] on Discord, said they welcome Coinbase Ventures as a member of the Oracle DAO, but also responded to CoinDesk, “I personally would like to see more non-U.S. based entities in the oDAO going forward. As it stands, 8/18 oDAO members are based in the U.S.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Stablecoin Adoption Is ‘Exploding' — Here's Why Wall Street Is Going All-In
Alchemy co-founder and president Joe Lau said stablecoin adoption is exploding as banks, fintechs and payment platforms push beyond the USDT/USDC exchange era.
What to know:
- Stablecoin usage is quickly broadening from crypto-native exchanges into payments, payroll and treasury as companies chase 24/7, digital-native settlement, according to Alchemy Co-founder and President Joe Lau.
- Banks are pushing tokenized deposits as a regulated, bank-native alternative that delivers stablecoin-like benefits for institutional clients.
- The endgame is a two-track system — stablecoins for open, two-party settlement; deposit tokens for bank ecosystems, until scale forces convergence and competition, Lau said.
Top Stories
