CBETH
Coinbase Wrapped Staked ETH
$2,139.45
0.21%
Coinbase Wrapped Staked ETH
CBETH
$2,139.45
0.21%
Coinbase Wrapped Staked ETH Price Converter
Coinbase Wrapped Staked ETH Information
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About Coinbase Wrapped Staked ETH
CBETH is a token that represents staked ETH on the Ethereum 2.0 network. It allows users to participate in staking without having to lock up their ETH or run a validator node. CBETH can be traded on DeFi platforms and used as collateral for lending and borrowing. CBETH was created by Coinbase, a cryptocurrency exchange platform. It can be used to participate in Ethereum 2.0 staking indirectly, trade on DeFi platforms, use as collateral for lending and borrowing, and enhance liquidity in the Ethereum ecosystem. CBETH is a wrapped token, which means that it is backed by a certain amount of ETH. When you purchase CBETH, you are essentially buying a claim to a portion of the ETH that has been staked on the Ethereum 2.0 network. You will receive staking rewards proportional to your CBETH holdings.
The Coinbase Wrapped Staked ETH (CBETH) is a token associated with Ethereum 2.0 and is developed by Coinbase. CBETH serves as a representation of Ethereum (ETH) tokens that have been staked on the Ethereum 2.0 network, which is the next version of the Ethereum blockchain that aims to increase scalability, security, and sustainability.
The CBETH token is designed to give holders the ability to interact with the Ethereum 2.0 network without needing to directly stake their own ETH, which involves locking up their tokens for an extended period of time and a level of technical understanding not all users possess. It essentially gives holders a claim to a portion of the Ethereum that has been staked and any staking rewards that come with it.
CBETH is used as a means for individuals to participate in Ethereum 2.0 staking indirectly, allowing them to benefit from staking rewards without the need to personally stake their own Ethereum or handle the technical requirements of running a validator node.
Moreover, CBETH can be traded on decentralized finance (DeFi) platforms or used as a form of collateral for DeFi lending and borrowing. As a wrapped token, CBETH also contributes to enhancing liquidity in the Ethereum ecosystem, enabling more seamless token swaps and transfers between different DeFi platforms.
The CBETH token was created by Coinbase, a renowned cryptocurrency exchange platform based in San Francisco, United States. Founded in 2012 by Brian Armstrong and Fred Ehrsam.
