Coinbase Wrapped Staked ETH is a combination of services offered by Coinbase, a popular cryptocurrency exchange.
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Coinbase: This is the platform where users can buy, sell, and store cryptocurrencies, including Ethereum.
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Wrapped ETH (WETH): This is a type of token that represents Ethereum. It is often used in decentralized finance (DeFi) applications.
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Staked ETH: This refers to Ethereum that is being used for staking on the Ethereum 2.0 network. Staking involves holding funds in a cryptocurrency wallet to support the operations of a blockchain network and, in return, earn rewards.
By combining these services, Coinbase Wrapped Staked ETH likely refers to a product or service that allows users to stake their Ethereum on the Ethereum 2.0 network through Coinbase's platform while also receiving a token representation of their staked assets (WETH). This can provide users with both staking rewards and liquidity to trade or use in DeFi applications.
