We’re thrilled to announce the launch of liquid staking for ETH on the Crypto.com Exchange! You can now make the most out of your staked assets by unlocking them for trading while you continue to benefit from on-chain Staking rewards.
At launch, Crypto.com Exchange users will be able to reap the benefits of liquid staking for Ether (ETH) by swapping their staked ETH for the tradeable receipt token Crypto.com Staked ETH (CDCETH).
About Liquid Staking
Liquid staking is an innovative solution to the problem of illiquidity for staked assets, where users cannot access their crypto when it’s earning rewards or locked by the protocol during the unbonding period.
With liquid staking, they can wrap their staked assets for a tradeable receipt token. The receipt token can also be converted back to the staked asset at a likely higher conversion rate that accounts for the accrued staking rewards.
Liquid Staking on the Crypto.com Exchange
CDCETH, the Crypto.com Staked ETH token, will be available at launch. When Crypto.com Exchange users successfully stake their ETH, they can easily wrap their staked ETH for CDCETH. Terms and conditions apply.
Get more out of liquid staking on the Crypto.com Exchange:
- No conversion fees between ETH and CDCETH
- Trade CDCETH/ETH on the Spot market
- Wrapping and unwrapping ETH is quick and fuss-free.
Please visit the FAQ for more information.