Ask about Coinbase Wrapped Staked ETH
Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH
Total Value Locked$352.96m

TVL by Chain

Ethereum$352.96m

Key Metrics

Fees (Annualized)$36.68m
Fees 30d$1.78m

Ethereum$1.78m

Fees 7d$429,207

Ethereum$429,207

Fees 24h$61,559

Ethereum$61,559

Cumulative Fees$57.36m

Ethereum$57.36m

Revenue (Annualized)$3.67m
Revenue 30d$178,484

Ethereum$178,484

Revenue 7d$42,919

Ethereum$42,919

Revenue 24h$6,156

Ethereum$6,156

Cumulative Revenue$5.74m

Ethereum$5.74m

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 ($17.981b)Binance staked ETH ($7.132b)Rocket Pool ($1.013b)StakeWise V2 ($724.63m)Liquid Collective ($612.46m)mETH Protocol ($487.88m)Stader ($202.85m)Frax Ether ($97.39m)stake.link liquid ($61.15m)Veno Finance ($33.79m)

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 $352.96m in total value locked. TVL has increased 35% 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 $1.78m in fees. Of that, $178,484 was protocol revenue. Based on the trailing year, the annualized rate is $36.68m in fees and $3.67m 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 $35.469b 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%.