How to Deposit AVAX for Rocket Pool rETH: Step-by-Step Guide

Why Combine AVAX and Rocket Pool?

While Rocket Pool is primarily an Ethereum staking protocol, Avalanche (AVAX) holders can participate in Ethereum staking rewards by acquiring Rocket Pool’s liquid staking token, rETH. This guide explains how to convert AVAX to rETH on the Avalanche network, enabling you to earn Ethereum staking yields while leveraging Avalanche’s speed and low fees. rETH automatically compounds staking rewards, making it a passive income solution compatible with Avalanche’s DeFi ecosystem.

Prerequisites for Depositing AVAX for rETH

• Avalanche-Compatible Wallet: MetaMask (configured for Avalanche C-Chain) or Core Wallet
• AVAX Tokens: For transactions and swapping (minimum 0.5 AVAX recommended)
• DEX Access: Accounts on Avalanche-based exchanges like Trader Joe or Pangolin
• rETH Contract Address: 0x7E6Bc952d4b4bD814853301bEe48E99891424de0 (Verify on Snowtrace)

Step-by-Step: Convert AVAX to rETH on Avalanche

1. Configure Wallet for Avalanche Network

1. Install MetaMask extension and create/import a wallet
2. Click “Networks” > “Add Network” and enter Avalanche C-Chain details:
   • Network Name: Avalanche C-Chain
   • RPC URL: https://api.avax.network/ext/bc/C/rpc
   • ChainID: 43114
   • Symbol: AVAX
   • Explorer: https://snowtrace.io/

2. Acquire AVAX Tokens

• Purchase AVAX on exchanges like Coinbase or Binance
• Withdraw to your Avalanche C-Chain wallet address
• Ensure you have extra AVAX for gas fees (typically < $0.10 per transaction)

3. Swap AVAX for rETH on a DEX

1. Visit Trader Joe (traderjoexyz.com) or Pangolin (app.pangolin.exchange)
2. Connect your wallet to the Avalanche network
3. Select AVAX as input and paste rETH contract address: 0x7E6Bc952d4b4bD814853301bEe48E99891424de0
4. Verify token details (rETH icon should appear)
5. Enter AVAX amount and confirm swap
6. Approve transaction in your wallet (gas paid in AVAX)

4. Secure and Utilize Your rETH

• rETH automatically appears in your wallet post-transaction
• Track value via DeFi dashboards like DeBank or Zerion
• Use rETH in Avalanche DeFi: Provide liquidity on Trader Joe, lend on Aave, or collateralize on Benqi

Key Benefits of Holding rETH on Avalanche

• Ethereum Staking Rewards: rETH appreciates against ETH as staking rewards accumulate
• Ultra-Low Fees: Avalanche transactions cost pennies vs. Ethereum mainnet
• DeFi Integration: Use rETH across Avalanche’s lending, farming, and NFT platforms
• No Lockup Period: Sell or trade rETH anytime (unlike locked ETH staking)

Frequently Asked Questions (FAQ)

Can I stake AVAX directly on Rocket Pool?

No. Rocket Pool only supports Ethereum staking. This guide shows how to convert AVAX to rETH (Rocket Pool’s token) on Avalanche to indirectly gain Ethereum staking exposure.

Is rETH safe to hold on Avalanche?

Yes, when using verified contracts. Always confirm the rETH address (0x7E6Bc952d4b4bD814853301bEe48E99891424de0) and reputable DEXs. rETH itself is audited and battle-tested on Ethereum.

What are the risks?

Smart contract vulnerabilities, DEX slippage, Ethereum staking penalties (managed by Rocket Pool node operators), and AVAX price volatility. Always do your own research (DYOR).

Can I bridge rETH back to Ethereum?

Yes. Use Avalanche Bridge or Multichain to transfer rETH to Ethereum Mainnet. Gas fees will apply.

How are rewards calculated?

rETH’s value increases daily relative to ETH based on Rocket Pool’s staking performance. No manual claiming is needed – simply hold rETH.

What’s the minimum AVAX amount?

No strict minimum, but consider gas fees and DEX minimums. Swapping ≥ 0.1 AVAX is practical.

Final Tips

Always verify contract addresses before swapping. Monitor Rocket Pool’s official channels for updates, and consider dollar-cost averaging into rETH to mitigate volatility. By holding rETH on Avalanche, you merge Ethereum’s staking rewards with Avalanche’s scalable ecosystem – a powerful DeFi strategy.