DeFiChain Ether


dETH is a wrapped version of ETH that is compatible with the DeFiChain ecosystem. Every dETH is backed by 1 ETH locked on DeFiChain.

Risk Rating
What we like
Provides easy on-ramp and off-ramp to convert your ETH into a DeFiChain-compatible version that is backed 1:1 by underlying reserves.
What we like less
dETH is backed by underlying ETH reserves that are held in custody with Cake DeFi (through BitGo), which increases centralization risks.
What it means for you
dETH provides you price exposure to ETH and can also be used in the DeFiChain DEX to earn trading fees.
  • DeFiChain
  • Asset Type: DST
Key Metrics
Risk Assessment
Asset Strength

dETH is a low-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of DeFiChain DEX, a protocol rated as Watch out.

Asset Tokenomics

dETH has an uncapped supply but has inflation control or burn mechanisms in place.

Asset Volatility

dETH is highly correlated to the overall market.


DeFiChain DEX

Things to know about dETH

Who invented dETH?

dETH is a tokenized version of ETH on DeFiChain and backed by ETH collateral held with Cake DeFi (via BitGo).

How does dETH work?

dETH is created and maintained by a centralized entity, Cake DeFi. Users can mint dETH by depositing ETH into Cake DeFi and withdrawing to their wallet address on DeFiChain.

How secure is dETH?

dETH will never have the same level of decentralization or security as ETH since it relies on trusting people and organizations to manage the system instead of automated smart contracts.

dETH Pools
DeFiChain ETH-DFI Market Making
Yield 30d