Coinbase is a blockchain-based decentralized platform that operates on the Ethereum network. Coinbase Wrapped Stacked ETH aims to provide economic freedom to the world by addressing the barriers in financial markets. Coinbase protocol enables the ETH stakers to experience liquid staking where Ether will be staked assets and coinbase will act as the token issuer. The protocol maintains the user’s interest by developing high utility wrapped tokens called CBETC and enduring smart contracts. $CBETH serves as a utility governance token as well as a liquid staking token that can be punched or burned to a conversational rate.
The protocol with a liquid staking mechanism promotes the users to wrap locked assets i.e ETH to receive CBETH a transferable token used in multiple dApp. Coinbase assists the users to claim the benefits of staking rewards without lockup. The protocol has successfully expanded its reach to 299+ holders and has completed 1,264 secured transfers.
Where You Can Trade $CBETH
UniSwap, backed with trading pairs of cbETH / WETH with a price of $1,628.03. The trading volume is approximately $7,456,759 which is 100.00%.
Connect with Coinbase Wrapped staked ETH