Ask about Coinbase Wrapped Staked ETH
Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH
Total Value Locked$351.24m

TVL by Chain

Ethereum$351.24m

Key Metrics

Fees (Annualized)$35.52m
Fees 30d$1.83m

Ethereum$1.83m

Fees 7d$423,620

Ethereum$423,620

Fees 24h$60,511

Ethereum$60,511

Cumulative Fees$58.27m

Ethereum$58.27m

Revenue (Annualized)$3.55m
Revenue 30d$183,271

Ethereum$183,271

Revenue 7d$42,362

Ethereum$42,362

Revenue 24h$6,051

Ethereum$6,051

Cumulative Revenue$5.83m

Ethereum$5.83m

Protocol Information

Coinbase is allowing customers who stake ETH to receive an ERC20 utility token called Coinbase Wrapped Staked ETH (“cbETH”), which is a liquid representation of their staked-ETH.

Category:Liquid Staking

WebsiteGitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total validators and MEV rewards from staked ETH.View code on GitHubRevenue: Coinbase takes a 10% staking service fee for ETH.View code on GitHub

Yields

Pools Tracked1

Average Supply APY2.37%

Competitors

Lido ($17.856b)Binance staked ETH ($6.973b)Rocket Pool ($988.62m)StakeWise V3 ($699.9m)Liquid Collective ($599.59m)mETH Protocol ($445.76m)Stader ($197.53m)Frax Ether ($95.45m)stake.link liquid ($64.93m)Origin Ether ($47.87m)

Frequently Asked Questions

What is Coinbase Wrapped Staked ETH?

Coinbase is allowing customers who stake ETH to receive an ERC20 utility token called Coinbase Wrapped Staked ETH (“cbETH”), which is a liquid representation of their staked-ETH.

What is Coinbase Wrapped Staked ETH's TVL?

Coinbase Wrapped Staked ETH currently has $351.24m in total value locked. TVL has increased 4.7% over the past 30 days.

What chains does Coinbase Wrapped Staked ETH operate on?

Coinbase Wrapped Staked ETH operates on Ethereum. Ethereum holds the largest share at 100%.

How much has Coinbase Wrapped Staked ETH generated in fees and revenue?

Over the past 30 days, Coinbase Wrapped Staked ETH generated $1.83m in fees. Of that, $183,271 was protocol revenue. Based on the trailing year, the annualized rate is $35.52m in fees and $3.55m in revenue.

How does Coinbase Wrapped Staked ETH's TVL compare to similar protocols?

Among Liquid Staking protocols tracked by DefiLlama, Coinbase Wrapped Staked ETH ranks #13 by TVL. The category holds $35.291b across 256 protocols, and Coinbase Wrapped Staked ETH accounts for 1% of that total. Other leading protocols include Lido, Binance staked ETH, and Sanctum.

How many yield pools does Coinbase Wrapped Staked ETH have?

DefiLlama tracks 1 Coinbase Wrapped Staked ETH yield pool with an average APY of 2.4%.