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Coinbase Wrapped Staked ETH CBETH Logo
Coinbase Wrapped Staked ETH CBETH
$4,913.34 2.27%
OG Score 33.76
Reviews 2
Coinbase Wrapped Staked ETH CBETH Logo

Coinbase Wrapped Staked ETH CBETH Price

$4,913.34 2.27%
Low All Time High
$1036.96 $5441.47

Introduction

Coinbase's cbETH is a liquid staking token for Ethereum, enabling flexible trading and DeFi participation. More

OG Score 33.76
Reviews 2
Market Cap $631.93M
Market Cap Rank # 162

Token Stats

Fully Diluted Valuation $1.83B
24H Trading Volume $5.80M
24H Low / High $4.77 K / $ 4.93 K
Circulating Supply 128.60 K
Total Supply 373.33 K
Max Supply

Info

Categories Wrapped-Tokens 9 more
Founder Coinbase Team
Website coinbase.com Whitepaper
Socials
Chains Ethereum Ecosystem 4 more
Explorer Dex 7 more
Contracts Coinbase Wrapped Staked ETH 0xbe9....49704 4 more

CBETH/USD Price Chart

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$CBETH Community Sentiment

OG Evaluation

OG Score

OG Score Rank #891
Reviews 2
Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 42 .55
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 41 .90
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 20 .85
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 22 .25
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 40 .90
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 34 .10
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Coinbase Wrapped Staked ETH $cbeth User Reviews

What Crypto OGs are Saying About Coinbase Wrapped Staked ETH

$cbeth Markets

Name Pair OG Score

About Coinbase Wrapped Staked ETH $cbeth

What is Coinbase Wrapped Staked ETH (CBETH)?

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.

What is unique about Coinbase Wrapped Staked ETH (CBETH)?

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​​​​.

Who are the founders of Coinbase Wrapped Staked ETH (CBETH)?

It was developed and launched by the broader Coinbase team, comprising various engineers, product managers, and other specialists within the company.

Where can I buy Coinbase Wrapped Staked ETH (CBETH)?

You can buy Coinbase Wrapped Staked ETH (CBETH) on Coinbase, Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum One), Pancakeswap V3 (Base)Uniswap V2 (Ethereum) cryptocurrency exchanges.

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