CBETH, also known as Coinbase Wrapped Staked ETH, is a cryptocurrency that combines the benefits of staking and liquidity. Staking is the process of holding a certain amount of cryptocurrency in a wallet to support the network and earn rewards. However, staked assets are illiquid and cannot be easily traded or used for other purposes. CBETH solves this problem by wrapping staked ETH into an ERC-20 token that can be traded on the Ethereum network. This allows users to earn staking rewards while also having the flexibility to use their assets for other purposes.

CBETH is a relatively new cryptocurrency, having been launched by Coinbase in December 2020. It has quickly gained popularity among Ethereum investors and traders due to its unique combination of staking and liquidity. CBETH is also backed by Coinbase, one of the largest and most reputable cryptocurrency exchanges in the world. This provides users with a high level of security and trust in the asset. Overall, CBETH is an innovative cryptocurrency that offers a new way to earn rewards while maintaining liquidity and flexibility.