Rocket Pool ETH wallet

What is Rocket Pool ETH (RETH)?

rETH is a receipt for ETH staked through Rocket Pool's network of independent node operators. The mechanic that defines it for a holder is how the value shows up: rETH does not rebase and the quantity in your wallet never changes on its own. Instead the protocol maintains an exchange rate between rETH and ETH, and that rate moves as validator rewards accumulate. One rETH is therefore worth more than one ETH and the gap widens over time, which is why comparing the two balances side by side is misleading and why any calculation you do should use the rate, not a 1:1 assumption.

That also explains why rETH can look inert. There is nothing to claim, no position to refresh, no action needed to stay current. Redemption back into ETH happens through the protocol when deposit capacity allows, or through on-chain liquidity. Beyond mainnet, rETH exists as bridged representations on several networks, each with its own token contract, so a balance on one chain is a distinct entry from a balance on another.

Because nothing has to be done to it, rETH is a natural candidate for a wallet that spends most of its life switched off. A Tangem card holds the key and does nothing until you tap it; the app simply queries the chain and shows the current holding, so a card left in a drawer for a year is not a card that has fallen behind. That is a quiet fit for an asset whose whole job is to sit still. Supported networks in Tangem (5): Arbitrum One, Base, Ethereum, Optimism, Polygon POS.