CBETH

Coinbase Wrapped Staked ETH (wstETH) is a token issued by Coinbase, one of the most recognized digital asset exchanges worldwide. This unique token represents an ETH token that has been staked in Ethereum 2.0 through Lido, a decentralized staking pool. This allows investors to earn rewards from staking while still being able to trade or use their locked ETH in DeFi projects. However, the rewards and risk are inherently tied to ETH's performance and Ethereum's successful transition to ETH 2.0. As with any cryptocurrency, investing in wstETH carries a degree of risk due to the inherent volatility of cryptocurrencies. Therefore, potential investors should undertake thorough research and possibly seek financial advice before deciding to invest.