Coinbase Wrapped Staked ETH (cbETH) is a utility token representing Ethereum 2 (ETH2), which is staked via Coinbase. Coinbase customers can wrap their locked staked ETH to obtain cbETH. cbETH is a tradable asset that can be moved on-chain and used in DeFi and other dapps. cbETH is known as a liquid staking token, and holders can earn staking rewards without the need for locking or unlocking periods.
