Ask about Coinbase Wrapped Staked ETH
Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH
Total Value Locked$345.21m

TVL by Chain

Ethereum$345.21m

Key Metrics

Fees (Annualized)$36.82m
Fees 30d$1.77m

Ethereum$1.77m

Fees 7d$429,345

Ethereum$429,345

Fees 24h$63,234

Ethereum$63,234

Cumulative Fees$57.24m

Ethereum$57.24m

Revenue (Annualized)$3.68m
Revenue 30d$176,609

Ethereum$176,609

Revenue 7d$42,933

Ethereum$42,933

Revenue 24h$6,323

Ethereum$6,323

Cumulative Revenue$5.72m

Ethereum$5.72m

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 APY2.41%

Competitors

Lido ($17.575b)Binance staked ETH ($6.975b)Rocket Pool ($992.92m)StakeWise V2 ($710.03m)Liquid Collective ($600.11m)mETH Protocol ($478.17m)Stader ($199.76m)Frax Ether ($95.31m)stake.link liquid ($59.92m)Veno Finance ($33.85m)

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 $345.21m in total value locked. TVL has increased 31.7% 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 $1.77m in fees. Of that, $176,609 was protocol revenue. Based on the trailing year, the annualized rate is $36.82m in fees and $3.68m 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 $34.793b 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%.