The Coinbase liquid staking platform allows users to stake cryptocurrencies offered by Coinbase.
The platform allows users to earn rewards by locking their assets in a secure environment to help secure the underlying network and validate transactions, while still having access to these assets.
Liquid staking on Coinbase opens up opportunities to efficiently utilize staked assets as collateral to trade, lend, and provide liquidity quickly and strategically.
Customers who stake ETH can receive an ERC20 utility token called Coinbase Wrapped Staked ETH (cbETH) — a liquid representation of their staked Ether.
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