Crypto.com Staked ETH

Purpose and Utility

Crypto.com Staked ETH (CDCETH) is a liquid staking token that represents ETH staked through Crypto.com's staking services on the Ethereum network. When users stake their ETH through Crypto.com, they receive CDCETH as a representation of their staked position.

Business Model

The token operates as part of Crypto.com's staking infrastructure, allowing users to maintain liquidity while participating in Ethereum network validation. Users can trade CDCETH while their original ETH remains staked, providing flexibility in asset management.

Real-World Adoption

CDCETH is primarily used within the Crypto.com ecosystem, with adoption limited to users who stake ETH through their platform. The token serves a clear technical purpose in representing staked ETH positions.

Platform Activity

The token is actively maintained as part of Crypto.com's broader infrastructure, with regular technical updates and integration with their exchange and DeFi ecosystem.

Token Distribution and Governance

CDCETH is minted proportionally to staked ETH, with distribution directly tied to user staking activity. There is no pre-mine or founder allocation as the token represents actual staked ETH.