Coinbase to List Liquid Staked ETH ($LSETH)
Mar 07,2023,01:57
Coinbase will add support for Liquid Staked ETH ($LSETH) on the Ethereum network (ERC-20 token). Trading will begin on or after 7AM PT on 7 March 2023, if liquidity conditions are met.
$LSETH is a fungible receipt token based on the Ethereum ERC-20 cToken model. When a user deposits $ETH to the Liquid Collective protocol, they receive $LSETH that evidences their legal and beneficial ownership of the staked $ETH as well as any network rewards that accrue to the staked $ETH minus protocol service fees and network slashing penalties, if any.
