There seems to be quite a bit of confusion about what the valuation of rocket pool should be. This is actually quite simple. If network utilization is optimal (something like 40 to 70% I believe) then a node operator will need the same amount of RPL as eth they will pool from others. 1:1 ratio. If this is the case RPL should simply be equal to whatever the rocket pool node operator fee is! So if it is 10% (a number frequently thrown out), then the market should price RPL right around .1 eth. If it is 15%, .15 eth, 5%, .05 eth. It is currently .012 eth. So unless you think node operators will stake eth on your behalf and only take 1.2% of the profits (profits, NOT total), then this is severely undervalued. Yes, it's that's simple.If the network is over- or under-utilized the ratio of rpl:eth will change and the value of RPL will go up or down.There probably will be future staking pools other than RPL eventually, but the underlying logic is IDENTICAL. No one will stake eth on your behalf for free. There will be a fee. This will likely be tokenized. The value of the tokens will be equal to that fee. Otherwise it just makes sense for the node operator to buy eth instead.10% is a fair value and as stated above, puts RPL at a price of .1 eth. Current value is 0.012 eth
Submitted May 14, 2020 at 11:10PM
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