CBETH-Coinbase Wrapped Staked ETHDetailed Description

CBETH-Coinbase Wrapped Staked ETH Detailed Description

Coinbase Wrapped Staked ETH (cbETH) is a utility token representing Ethereum 2 (ETH2), which is ETH staked through Coinbase. Coinbase customers can wrap their locked collateral ETH to obtain cbETH. cbETH is a tradable asset that can be moved on-chain and used in DeFi and other dapps. cbETH is known as a liquid staking token, and holders can obtain the benefits of staking without locking or releasing the staking period.