Convert Coinbase Wrapped Staked ETH CBETH to Dai DAI
CBETH to DAI: 1 Coinbase Wrapped Staked ETH converts to 2,795.68 DAI as of June 9 at 4:02 PM
About cbETH and DAI
Coinbase Wrapped Staked ETH is climbing, while Dai is falling this week. The current cbETH to DAI conversion rate is 2,795.68. Inversely, this means that if you convert 1 DAI you will get 0.000358 cbETH. The conversion rate of cbETH/DAI has increased by 0.46% in the last hour (DAI/cbETH decreased by 0.46%). In the last 24 hours, cbETH/DAI grew by 1.02%, while DAI/cbETH shrunk by the same amount.
The exchange rate of Coinbase Wrapped Staked ETH is increasing. The current value of 1 cbETH is 2,795.68 DAI. In other words, to buy 5 Coinbase Wrapped Staked ETH, it would cost you 13,978.42 DAI. Inversely, 1 DAI would allow you to trade for 0.000358 cbETH while 50 DAI would convert to 0.0179 cbETH, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.23%. Meanwhile, in the last 24 hours, the rate has changed by 0.88%, and that the highest exchange rate of 1 cbETH to DAI was 2,808.36 DAI and the lowest 24 hour value was 1 cbETH for 2,732.82 DAI. Last month, 1 cbETH was worth 2,500.19 DAI. Today, it's up 10.57%. Looking back a year, Coinbase Wrapped Staked ETH has changed by 3,925.93 DAI. That means that in a single year, the value of Coinbase Wrapped Staked ETH has shrank by 40.43%.
Coinbase Wrapped Staked ETH Market Stats
Coinbase Wrapped Staked ETH (“cbETH”) is a utility token that represents ETH staked through Coinbase. Coinbase customers can wrap their locked staked ETH to receive cbETH, which is an asset that can be traded, moved on-chain, and used in DeFi and other dapps. cbETH is known as a liquid staking token because it allows holders to get the benefits of staking without lockups or unbonding periods.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.