Coinbase Wrapped Staked ETH (Base)
cbETH
cbETH is a representation of ETH staked through Coinbase.
Risk Rating
Average
$2,622.65
5.53%
Summary
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Information
Blockchain
- Base
Key Metrics
- Market Cap: $500.7M
- Fully Diluted Valluation: $980.8M
- FDV / MC: 2
- Ranking inside Exponential (excluding stables): #29
- Circulating Supply: 190,794
- Total Supply: 373,734
- Volume (24H): $10.1M
- ATH: $4,335.70 (03/12/2024)
- ATL: $1,036.96 (11/09/2022)
Risk Assessment
Average
Asset Strength
cbETH is a mid-cap, fully collateralized asset. This asset is exposed to the underlying risks of Coinbase Liquid Staking and Base bridge, which are protocols rated as Average and Watch out, respectively.
Dependencies
Asset Tokenomics
cbETH has an uncapped supply but has inflation control or burn mechanisms in place. cbETH is backed 1:1 by ETH staked on the Ethereum blockchain. cbETH cannot be unstaked for ETH but can be swapped for ETH on any decentralized exchange. The asset accrues staking rewards automatically. cbETH can trade at a discount to 1 ETH as it is less liquid, has less utility (cannot be used to pay for gas fees), can be blacklisted, and has more technical risk (Coinbase smart contract bugs).
Things to know about cbETH
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