Coin Repository

cbETH is Coinbase's version of liquid staking. When you stake ETH through Coinbase, you get cbETH which you can use in DeFi while still earning staking rewards.

Dai is a stablecoin that stays at $1, but unlike USDC which is backed by dollars in a bank, Dai is backed by crypto assets locked in smart contracts. It's decentralized, meaning no single company controls it.

Ethereum is like a global computer that runs on thousands of machines. It's the network where most DeFi (decentralized finance) happens. You can earn yield by staking ETH, which helps secure the network.

When you stake ETH to earn yield, you normally can't use it until you unstake. stETH lets you earn staking rewards while still being able to trade or use your ETH in DeFi. It's like earning interest on a savings account, but you can still access your money.

rETH is similar to stETH - it's a way to earn staking rewards on ETH while keeping your funds liquid. Rocket Pool is more decentralized than Lido, meaning it's run by many independent operators instead of one organization.

USDT is another digital dollar, similar to USDC. It's the most widely used stablecoin and is designed to always be worth $1.

USDC is like a digital dollar. For every USDC that exists, there's a real US dollar held in reserve. This means 1 USDC is always worth about $1, making it perfect for savings because you don't have to worry about price going up or down.

WBTC is Bitcoin wrapped to work on other blockchains. For every WBTC, there's a real Bitcoin locked up. It lets you use Bitcoin in DeFi apps to earn yield, which you can't do with regular Bitcoin.

WETH is Ethereum wrapped in a format that works better with DeFi apps. It's still ETH, just in a different package that makes it easier to use in smart contracts.