Ask about Coinbase Wrapped Staked ETH
Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH
Total Value Locked$346.98m

TVL by Chain

Ethereum$346.98m

Key Metrics

Fees (Annualized)$36.48m
Fees 30d$1.81m

Ethereum$1.81m

Fees 7d$432,710

Ethereum$432,710

Fees 24h$59,146

Ethereum$59,146

Cumulative Fees$57.54m

Ethereum$57.54m

Revenue (Annualized)$3.65m
Revenue 30d$180,558

Ethereum$180,558

Revenue 7d$43,271

Ethereum$43,271

Revenue 24h$5,915

Ethereum$5,915

Cumulative Revenue$5.75m

Ethereum$5.75m

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 APY2.36%

Competitors

Lido ($17.647b)Binance staked ETH ($6.971b)Rocket Pool ($991.51m)StakeWise V2 ($701.16m)Liquid Collective ($599.59m)mETH Protocol ($473.74m)Stader ($199.26m)Frax Ether ($95.21m)stake.link liquid ($60.17m)Origin Ether ($50.18m)

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 $346.98m in total value locked. TVL has increased 23.3% 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, $180,558 was protocol revenue. Based on the trailing year, the annualized rate is $36.48m in fees and $3.65m 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 $34.832b 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%.