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What is Coinbase eth2?

It is an ERC-20 utility token that Coinbase has created to represent Ethereum 2.0 (ETH2) on its platform. ETH2 is ETH staked through the Coinbase platform. At launch, ETH2 and ETH have the same value, though Coinbase expects the price of cbETH to deviate from regular ETH as each cbETH represents one cbETH plus any accrued staking value.

What is eth2 & how does it work?

ETH2 is ETH staked through the Coinbase platform. At launch, ETH2 and ETH have the same value, though Coinbase expects the price of cbETH to deviate from regular ETH as each cbETH represents one cbETH plus any accrued staking value. cbETH, therefore, represents staked ETH on Coinbase, which will eventually become ETH2 when the Merge completes.

What is Coinbase wrapped ETH (cbeth)?

Coinbase is allowing customers who stake ETH to receive an ERC20 utility token called Coinbase Wrapped Staked ETH (“cbETH”), which is a liquid representation of their staked-ETH. All staked-ETH is locked until a future Ethereum protocol upgrade is complete.

What is the difference between eth2 and cbeth?

At launch, ETH2 and ETH have the same value, though Coinbase expects the price of cbETH to deviate from regular ETH as each cbETH represents one cbETH plus any accrued staking value. cbETH, therefore, represents staked ETH on Coinbase, which will eventually become ETH2 when the Merge completes. Why Was cbETH Created?

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