Add rETH as Collateral to wETH market on Ronin

Proposals
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Introduction

The Ronin Growth Program proposes listing Rocket Pool’s Liquid Staking Token ($rETH) as collateral on the Ronin WETH Market. With a substantial total supply and significant demand on the Ronin network, we anticipate that this addition will stimulate borrowing activity among rETH users, who can leverage their $rETH holdings.

Type: Collateral deployment

Authors: Ronin Growth Program Lead @saddamj0se

Motivation

Liquid Staking Tokens are the most popular asset in DeFi due to the real yield it produces. The Ronin and Rocket Pool communities are excited to see the listing of rETH, the liquid staking token, as collateral on the Ronin Network. Rocketpool is already present as a collateral on multiple Ethereum markets. rETH is a decentralized, trustless, and permissionless token that represents staked ETH on the Ethereum network. By holding rETH, users can earn staking rewards while maintaining liquidity and flexibility, allowing them to participate in DeFi activities without being locked into traditional staking arrangements. By listing rETH on Compound, we believe that both the Compound, Ronin, and Rocket Pool communities will benefit from increased capital efficiency and accessibility. rETH will keep stablecoin demand on Compound Finance. Compound users on Ronin will gain access to a new, decentralized collateral option that is backed by the security of the Ethereum network, while Rocket Pool users will be able to leverage their staked ETH to access Compound’s lending and borrowing markets, further enhancing the utility and adoption of rETH.

Important Links

Next Steps

We invite the community to give their feedback and recommendations for the asset.

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Liquid staking tokens like rETH are at the heart of DeFi’s evolution unlocking liquidity, composability, and yield in one neat package. Rocket Pool brings decentralization and security, while Ronin adds speed and scale. This combo could supercharge lending activity and bring more utility to both communities.

Supporting rETH not only attracts Ethereum-native users to Ronin, but also aligns with Compound’s mission to expand access to sound, decentralized financial tools. Big win for capital efficiency and DeFi synergy across ecosystems.

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