Proposal: Add support for rETH Token

rETH is the only decentralized staking option and needs to be on Aave. The liquidity is still low, but it will increase in a hurry if dApps start to allow it on their platforms. I also expect the liquidity to increase drastically after Shanghai, when stakers are allowed to unstake later this year. I think a lot of validators will become rocketpool node operators since the APY is significantly higher than solo staking.

We all love Ethereum because of its decentralized nature. It’s incredibly important that we encourage the most decentralized staking option to keep the network decentralized. When the merge happens, which is hopefully only a couple months away, staking APY will hit double digit percentages. In my opinion, it’s very important that Aave include rETH before the merge so that people looking to earn the high staking rewards are aware of the token, and avoid other staking options that could centralize the network. Of course Aave would benefit from a first mover advantage.

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