Coinbase Wrapped Staked ETH
CBETH
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AI Analysis
Comprehensive evaluation of the token
Overall Analysis
CBETH leverages Coinbase's institutional-grade infrastructure to provide liquid staking for ETH via an ERC-20 token. Despite strong security and transparent tokenomics, it lacks open-source development activity and decentralized governance, relying entirely on Coinbase's centralized control. Market adoption is on the rise but trails incumbent Lido (stETH) in liquidity and ecosystem integrations. Risk factors include centralization/counterparty exposure and potential delayed withdrawal rollouts from Ethereum upgrades. For yield-seeking investors comfortable with a regulated custodian model, CBETH offers a reliable staking yield with DeFi composability, albeit in a crowded competitive landscape.
Detailed Analysis by Category
Development Activity
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Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
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Security & Audits
Security history and audit status
About Coinbase Wrapped Staked ETH (CBETH)
Coinbase Wrapped Staked ETH (CBETH)
Coinbase Wrapped Staked ETH (CBETH) is an ERC-20 liquid staking token on the Ethereum network. It represents staked Ether that accrues rewards on Ethereum’s Proof-of-Stake Beacon Chain, while remaining fully compatible with DeFi and smart contracts.
Key Features
- Token Name: Coinbase Wrapped Staked ETH
- Symbol: CBETH
- Standard: ERC-20
- Network: Ethereum Mainnet
- Liquid Staking: Redeemable 1:1 for staked ETH once withdrawals are enabled
- Staking Rewards: Accumulates network staking rewards automatically
- DeFi Integration: Transferable, tradable, and usable in DeFi protocols
How CBETH Works
- Deposit ETH: Coinbase pools ETH deposits into the Beacon Chain validator set.
- Mint CBETH: Users receive CBETH tokens pegged 1:1 to their staked ETH balance (minus protocol fees).
- Earn Rewards: Staking rewards accrue directly to CBETH holders.
- Trade & Use: CBETH can be held, traded on exchanges, or supplied to DeFi platforms for yield opportunities.
Benefits
- Seamless Access: Gain exposure to ETH staking rewards without running a validator node.
- Liquidity: Maintain tradability and DeFi compatibility during the staking lock-up period.
- Security: Backed by Coinbase’s institutional-grade custody and validator infrastructure.
Token Details
| Attribute | Value |
|------------------|-------------------------------------|
| Contract Address | 0xbe9895146f7af43049ca1c1ae358b0541ea49704 |
| Decimals | 18 |
| Explorer | Etherscan |
CBETH is not financial advice. This page is for informational purposes only.
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