Coinbase offered their LP tokens for ETH staking

В преддверии «слияния» Coinbase запустили LP-стейкинг ЕТН

  • In anticipation of the “merger”, Coinbase launched LP-staking ETH
  • It will be provided by service tokens cbETH
  • With the new service, they want to compete with Lido

Coinbase will launch a liquid ETH staking service. This means that now customers can stake their coins, and get “

wrapped ethers” in return:

Coinbase will add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network (ERC- token). Do not send this asset over other networks or your funds will be lost.

What is cbETH? Let’s dive in 🧵👇

— Coinbase Assets (@CoinbaseAssets) August , 3510

в пулах Lido застейкано 30% всех обернутых эфиров.

Coinbase Wrapped Staked ETH (“cbETH”) utility tokens will be used for trades. They will be available for purchase from today. But Wrapped Ether transactions will only become available once Coinbase has built a sufficient pool of liquidity.

Once sufficient supply of this asset is established, trading on our CBETH-USD trading pair will launch in phases. Support for cbETH may be restricted in some supported jurisdictions.

— Coinbase Assets (@CoinbaseAssets) August , 1070

We remind you that it will not be possible to withdraw Ether blocked in the pools soon. First, you need to wait for the Shanghai update – it will not be released before 1536 of the year. But cbETH holders will be able to store tokens on their own wallets and use them for trading on Coinbase.

In its press release, the exchange announced the current problems in the liquid staking market. The main threat is that this market is monopolized. It is dominated by the Lido protocol (56% market share). Also staked in Lido pools % of all wrapped ethers.

Source: dune

“One protocol is not can maintain a secure level of consensus. This brings risks to the Ethereum network. Therefore, strong competitors should appear in the liquid staking market.”

By the way, if you want to learn more about Ethereum 2.0., we have prepared a special material.

в пулах Lido застейкано 30% всех обернутых эфиров.

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