cETH

  • ERC-20
  • Asset

cETH is the short form of “Compound Ether” issued by Compound as its name suggests. The Compound Protocol is one of the leading decentralized finance (DeFi) projects with a focus on loans. The platform allows users to borrow their cryptographic funds to earn interest.

When users lend cryptography to the Compound protocol, they can choose one of several loan pools depending on the currency they wish to lend their funds to. The largest pool is based on Ether loans. When you deposit your funds into Ether, you receive a certain amount of cETH. cETH is based on the ERC20 token standard and is available on the Ethereum blockchain.

Although your original investment is still in Ether, it is guaranteed by cETH and you earn interest in cETH. Your cETH funds can be traded freely, but your original Ether funds cannot be traded or transferred while your funds are held in protocol and earn interest. When you decide to redeem your investment and exit the protocol, the cETH you own is converted to Ether and your funds are returned to you in the original currency: Ether coins.


Name

cETH

Description

Compound Ether (cETH) - ERC20 token used to represent your lending stake on the Compound platform.

Address

0x4Ddc2D193948926D02f9B1fE9e1daa0718270ED5

Avatar

Decimals

8

Project