Today I checked to see whether it was better to use Rocketpool or Uniswap to get rETH. I had to get way down in the decimals to see that Uniswap seemed slightly better. I got about 0.22% more rETH per ETH sent to Uniswap vs Rocketpool. This is a pretty minor difference, but certainly worth taking advantage of in the future.
The best way to reduce costs when converting from ETH to rETH seems to be waiting for network fees to be low. I did the transactions when the gas market was at about 32 gwei (cost of transactions). As can be seen in the ultrasound.money chart below. That was close to the low of the last 1 day and nearly 1/4 of what it would have been to do yesterday at a different time. Another key to consider is trying to minimize taxes. Perhaps the most effective thing to do is try and convert the ETH I have with the highest cost basis to reduce realized capital gains in the conversion. The other item to consider is reducing transactions by doing larger batches when possible.
See my Brokerage Accounts
In addition to this blog you can follow my live brokerage accounts anytime. The three links below will take you to a third-party website called collective2 where I record and publish my personal trading decisions. If you have questions let me know!
Retirement Account #1:Patience is a Virtue
Retirement Account #2: My Roth IRA
Paper Trading Account #3: Leverage and Patience
Disclaimer
This is not investment advice. This website is designed to talk about investments but it is not designed to give you personalized investment advice. This site is generic and should not be used as the basis for any investment decisions. This is for entertainment and educational purposes only.
The owner of PatienceToInvest.com is also a trade leader on Collective2.com. We may receive compensation by promoting some collective2 strategies over others.
Investing is risky and can result in the loss of all your capital and even more than your original capital in some cases.
Patience to Invest 