Crypto.com Staked ETH
CDCETH
Evaluation Score
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AI Analysis
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CDCETH (Crypto.com Staked ETH) is a centralized liquid staking receipt token deployed across Ethereum and Cronos by the Crypto.com exchange platform. Overall, the asset exhibits a clean operational security track record with no recorded smart contract exploits, depegs, or exchange delistings specific to the token contract. However, its fundamental profile is heavily constrained by extreme centralization and structural counterparty reliance on Crypto.com. There is no decentralized governance, no DAO, no public code repository, and no verified third-party audit specifically targeting the CDCETH token contract. On-chain adoption is modest, featuring a very small on-chain holder base (~300 addresses on Ethereum) and shallow secondary-market liquidity. Because CDCETH operates within a crowded liquid staking market dominated by decentralized alternatives, its utility and liquidity remain almost entirely tethered to Crypto.com's custodial ecosystem.
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Tokenomics
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Market & Use Case
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Team & Governance
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Security & Audits
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About Crypto.com Staked ETH (CDCETH)
CDCETH (Crypto.com Staked ETH) is a centralized liquid staking receipt token issued and operated by the centralized cryptocurrency exchange Crypto.com. Deployed across the Ethereum and Cronos blockchains, CDCETH represents Ether staked through the Crypto.com platform. The token is designed to address the illiquidity of staked assets by allowing users to hold, trade, or transfer a receipt token that tracks staked ETH value accrual while bypassing native on-chain unbonding periods.
The asset operates via a mint-and-burn mechanism without a fixed supply or preset vesting schedule, scaling according to deposits and redemptions on the exchange. Crypto.com centrally controls all conversion rates, wrapping, unwrapping parameters, and underlying validator infrastructure. On-chain metrics indicate that the token's Ethereum deployment has a small holder base of roughly 300 to 313 addresses, demonstrating that the vast majority of circulating CDCETH supply is held either on Cronos or within the issuer's custodial reserves.
CDCETH has no recorded smart contract exploits, hacks, or depeg incidents directly affecting its token contract. However, the asset carries complete counterparty dependence on Crypto.com, as it operates without decentralized governance, community voting mechanisms, or public code repositories. Additionally, there is no verified third-party audit confirmed specifically for the CDCETH contract, and the token exhibits shallow secondary-market trading liquidity and narrow decentralized finance utility outside the issuer's platform. Availability of the token is also restricted in certain jurisdictions due to regulatory considerations.