Coinbase Wrapped Staked ETH (cbETH) is a tradable token representing staked Ethereum (ETH) on the Ethereum blockchain. It enables users to earn staking rewards while maintaining liquidity, offering flexibility to trade, transfer, or use the token across DeFi applications.
👉 Discover how cbETH unlocks staked ETH liquidity
Key Features of cbETH
1. Tradable Staked ETH
- Backed 1:1 by staked ETH.
- Automatically accrues staking rewards (minus Coinbase’s commission).
- Trades on Coinbase, Uniswap, and Curve—though prices may fluctuate due to liquidity or smart contract risks.
2. DeFi Integration
Use cbETH in:
- Lending protocols (Aave, Compound).
- Yield aggregators (Yearn Finance).
- Market-making pools.
3. Liquidity Without Unstaking
- Unwrap cbETH anytime to reclaim underlying ETH.
- Transfer tokens to personal wallets (e.g., MetaMask) for external trading.
How to Store cbETH
| Storage Method | Steps | Notes |
|-------------------------|--------------------------------------------|--------------------------------|
| Coinbase Wallet | Hold in your Coinbase account. | Easy access for DeFi trading. |
| Personal Wallet | Send to MetaMask/Ledger via Ethereum chain.| View balances via Etherscan. |
⚠️ Security Tip: Always verify contract addresses when moving cbETH.
FAQs
Q1: Does cbETH earn staking rewards?
A: Yes—rewards accumulate automatically and are distributed by Coinbase (after fees).
Q2: Can I trade cbETH for ETH?
A: Yes! Trade on DEXs or unwrap it for staked ETH.
Q3: What risks does cbETH have?
A: Liquidity variability and dependency on Coinbase’s smart contracts.
Why Use cbETH?
- Earn rewards while keeping assets liquid.
- Participate in DeFi without unstaking ETH.
- Flexible custody (exchange or self-custody wallets).
👉 Explore cbETH’s role in Ethereum staking
Note: cbETH’s value may diverge from ETH due to market dynamics.
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