Coinbase, one of the largest US crypto exchanges, announced that it will launch a liquid staking token called cbETH before Ethereum’s Merge update.
coinbase August 24 on his official Twitter account. in his postEthereum Proof of Stake version with its own liquid staking token to be used in the liquid staking protocol. cbETH announced its launch.
of cbETH 1:1 Stating that the tokens will not be guarantee can be used as and swap announced that it could. In the document in which detailed technical specifications of cbETH are explained, cbETH does not have any problems during wrap and unwrap. no commission will be charged is also stated.
Lido, the ruler of cbETH’s liquid staking market whether to replace seems uncertain. Lido is currently the mainstay of the liquid staking market. to 90% has. Lido’s liquid staking token stETH if the market The most commonly used It is known as one of the liquid staking tokens.
In Coinbase whitepapers, Lido’s staked ETH to 30% that you have and like Ethereum Proof of Stake in such a system that will work on of major stakeholders the presence of it’s not safe He claimed.