Coinbase Wrapped Staked ETH Price

At its core, Coinbase Wrapped Staked ETH ($cbETH) functions as a utility token that encapsulates staked Ethereum on the Ethereum blockchain. Designed to be tradable and liquid, $cbETH allows holders to earn staking rewards without facing the typical lock-up periods associated with staking activities. Every $cbETH token is backed 1:1 by ETH that has been staked through Coinbase, meaning that as users earn rewards on their staked ETH, the value of $cbETH increases accordingly. This dynamic ability to earn rewards while enjoying the benefits of liquidity makes $cbETH a noteworthy offering in the ever-evolving landscape of cryptocurrency.