Ask about Coinbase Wrapped Staked ETH
Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH
Total Value Locked$342.06m

TVL by Chain

Ethereum$342.06m

Key Metrics

Fees (Annualized)$37.16m
Fees 30d$1.73m

Ethereum$1.73m

Fees 7d$425,870

Ethereum$425,870

Fees 24h$59,232

Ethereum$59,232

Cumulative Fees$56.99m

Ethereum$56.99m

Revenue (Annualized)$3.72m
Revenue 30d$173,298

Ethereum$173,298

Revenue 7d$42,586

Ethereum$42,586

Revenue 24h$5,923

Ethereum$5,923

Cumulative Revenue$5.7m

Ethereum$5.7m

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

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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 APY2.39%

Competitors

Lido ($17.416b)Binance staked ETH ($6.923b)Rocket Pool ($985.24m)StakeWise V2 ($700.88m)Liquid Collective ($595.24m)mETH Protocol ($477.48m)Stader ($206.36m)Frax Ether ($98.4m)stake.link liquid ($60.21m)Veno Finance ($34.5m)

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 $342.06m in total value locked. TVL has increased 24.8% 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 $1.73m in fees. Of that, $173,298 was protocol revenue. Based on the trailing year, the annualized rate is $37.16m in fees and $3.72m 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 $34.736b across 257 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%.