Coinbase Wrapped Staked ETH
CBETH Price
Coinbase's cbETH is a liquid staking token for Ethereum, enabling flexible trading and DeFi participation. More
| Fully Diluted Valuation | $1.54B |
|---|---|
| 24H Trading Volume | $8.36M |
| 24H Low / High | $3.91 K / $ 4.21 K |
| Circulating Supply | 130.94 K |
| Total Supply | 373.33 K |
| Max Supply | 0.00 |
| Categories | Wrapped-Tokens 9 more |
|---|---|
| Founder | Coinbase Team |
| Website | coinbase.com Whitepaper |
| Socials | |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Dex 7 more |
| Contracts |
0xbe9....49704
4 more
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| Name | Pair | OG Score |
|---|
Coinbase has introduced an innovative solution for Ethereum stakers: Coinbase Wrapped Staked ETH (cbETH), a liquid staking token that embodies the value of staked ETH (Ethereum 2 or ETH2) through Coinbase. Launched recently, cbETH marks a significant milestone in the cryptocurrency space. This utility token allows Coinbase customers to wrap their locked staked ETH, transforming it into a flexible asset that can be traded, moved on-chain, and utilized in various decentralized applications (dApps) and DeFi protocols. The unique characteristic of cbETH lies in its nature as a liquid staking token. It enables holders to enjoy the benefits of staking - such as regular staking compensation payouts - without the constraints of lockups or unbonding periods.
cbETH operates under the standard ERC-20 token format, utilizing the cToken model pioneered by Compound Finance. This model creates a dynamic where cbETH maintains a conversion rate indicative of the underlying staked ETH. As a result, holders of cbETH indirectly participate in Ethereum staking rewards, reflected through an increasing conversion rate. This means the same amount of cbETH can be unwrapped for a greater quantity of staked ETH over time, offering an efficient way to manage staked assets.
The utility and flexibility of cbETH extends to various use cases. Primarily, it allows users to maintain their staked ETH positions while gaining liquidity. Users can wrap their staked ETH into cbETH and sell it for cash or use it as collateral in DeFi lending, enabling borrowing against staked assets. Furthermore, cbETH can be transferred from a Coinbase account to non-custodial wallets, enhancing its functionality in the broader crypto ecosystem. By creating cbETH, Coinbase not only adds to its product offerings but also contributes significantly to the evolving landscape of cryptocurrency, especially in the realms of staking and decentralized finance.
Coinbase Wrapped Staked ETH (CBETH) is unique as a liquid staking token that represents Ethereum 2 (ETH2), specifically ETH staked via Coinbase. Launched on June 16, 2022, cbETH facilitates secure and easy staking of ETH, unlocking DeFi benefits and liquidity, and is designed for seamless compatibility with DeFi applications, offering rewards on staked ETH without lockups.
It was developed and launched by the broader Coinbase team, comprising various engineers, product managers, and other specialists within the company.
You can buy Coinbase Wrapped Staked ETH (CBETH) on Coinbase, Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum One)Pancakeswap V3 (Base)Aerodrome (Base) cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Coinbase Wrapped Staked ETH (CBETH) is ($130,942), max supply of Coinbase Wrapped Staked ETH CBETH is ($0) and the market cap of Coinbase Wrapped Staked ETH CBETH is ($541,328,859).
What is the Coinbase Wrapped Staked ETH (CBETH) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Coinbase Wrapped Staked ETH (CBETH) is $4,128. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Coinbase Wrapped Staked ETH (CBETH) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Coinbase Wrapped Staked ETH CBETH) solve a good problem or offer the best solution?
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Does the team have a realistic roadmap and can catch up with it?
Does Coinbase Wrapped Staked ETH (CBETH) have reasonable and sustainable revenue income models?
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As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Coinbase Wrapped Staked ETH (CBETH) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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