Ask about Coinbase Wrapped Staked ETH
Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH
Total Value Locked$351.6m

TVL by Chain

Ethereum$351.6m

Key Metrics

Fees (Annualized)$36.29m
Fees 30d$1.81m

Ethereum$1.81m

Fees 7d$426,510

Ethereum$426,510

Fees 24h$61,896

Ethereum$61,896

Cumulative Fees$57.72m

Ethereum$57.72m

Revenue (Annualized)$3.63m
Revenue 30d$181,374

Ethereum$181,374

Revenue 7d$42,652

Ethereum$42,652

Revenue 24h$6,190

Ethereum$6,190

Cumulative Revenue$5.77m

Ethereum$5.77m

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 ($18.042b)Binance staked ETH ($7.106b)Rocket Pool ($1.009b)StakeWise V2 ($714.01m)Liquid Collective ($611.05m)mETH Protocol ($473.06m)Stader ($202.54m)Frax Ether ($97.33m)stake.link liquid ($59.79m)Origin Ether ($49.34m)

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 $351.6m in total value locked. TVL has increased 18.4% 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 $1.81m in fees. Of that, $181,374 was protocol revenue. Based on the trailing year, the annualized rate is $36.29m in fees and $3.63m 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 $35.61b 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%.