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About cETH

Compound is an autonomous, algorithm-based yield rate protocol created for developers to unlock a world of open financial applications.

According to the whitepaper, the currency is an Ethereum-based protocol that seeks to build money markets. Money markets are the pools of assets with algorithmic yield rates based on the asset's demand and supply. Borrowers and suppliers of an asset communicate directly with the protocol, paying and earning a floating yield rate without negotiating terms like maturity or collateral with a counterparty. DApps and exchanges with token balance use Compound protocol for incremental returns and monetization by sweeping balances to open new business models for the Ethereum platform. Besides this, the protocol lets users borrow assets from the protocol using cTokens in the Ethereum ecosystem. cTokens work as collateral for the assets borrowed from the protocol. The total value of an account's underlying token balance, multiplied by the collateral factors, makes a user's borrowing capacity.

This protocol aims to use the yield rate model to incentivize liquidity. The liquidity can decline at the time of high demand for an asset, which leads to an increase in the yield rate.

cTokens are the main mode of engaging with Compound Protocol. There are two types of cTokens: CErc20 and CEther. CEther wraps the Ether itself while Cerc20 wraps an ERC-20 underlying asset. Users' balances are the cToken balances that can be minted by supplying assets to the market. Minting is the process of verifying information, designing a new block, and documenting that data into the blockchain. Also, the exchange rate of the underlying asset and cTokens seeks to increase with time. Users can earn yield by supplying tokens in the money market without any interference from the central party.

A centralized system controls the Compound governance. However, over time, the stakeholder and community may take control. The admin in the protocol controls the following rights:

The version 1.0 of the Compound Protocol whitepaper was launched in February 2019 by Robert Leshner and Geoffrey Hayes.

Market

Australia Market Stats

Market cap

A$564.3M

Volume (24h)

A$2,177.72

Circulating supply

5.9M CETH

All time high

A$96.31

Australia Market performance

Price change (1h)

+100%

Price change (1d)

+100%

Price change (1w)

+100%

Price change (2w)

Not enough data

Price change (1m)

+100%

Price change (1y)

+100%

Australia News about cETH

The Block • May 05, 24

Crypto has been ‘validated significantly’ with spot bitcoin ETF approval, says Pantera Capital exec

Pantera Capital's Franklin Bi told The Block that crypto has been 'validated significantly' with this year's spot bitcoin ETF approval in the U.S., solidifying institutional investors' conviction in the industry.

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BeInCrypto • May 04, 24

Veteran Analyst Peter Brandt Shares 8 Tips for Aspiring Crypto Traders

Peter Brandt shares crucial advice for aspiring crypto traders focusing on skill development, financial preparation, and realistic expectations about success rates.The post Veteran Analyst Peter Brandt Shares 8 Tips for Aspiring Crypto Traders appeared first on BeInCrypto.

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The Block • May 04, 24

The Funding: Ethereum restaking, DePINs, Bitcoin ecosystem and RWA tokenization lead crypto VC trends

Crypto VC funding has surpassed $4B so far this year, driven by Ethereum restaking, DePINs, Bitcoin ecosystem and RWA tokenization verticals.

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The Block • May 04, 24

Sui creator says crypto’s ‘ChatGPT moment’ coming as protocol celebrates mainnet’s first year

Mysten Labs CEO Evan Cheng waxes optimistically about the future of his blockchain and traditional tech's interest in web3.

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Blockworks • May 04, 24

Funding Roundup: a16z made a $90M bid on Optimism

Ex Revolut executive received $6.5 million from investors to create hybrid exchange x10

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BeInCrypto • May 04, 24

Polygon (MATIC) Price Stuck in Consolidation, But Bull Rally Could Be Near

MATIC price has a shot at breaking out of the persisting consolidation and post a rally provided the investors continue to refrain from selling.The post Polygon (MATIC) Price Stuck in Consolidation, But Bull Rally Could Be Near appeared first on BeInCrypto.

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cETH is on the rise this week.

The price of cETH has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. cETH’s price has also risen by 100.00% in the past week. The current price is A$95.83 per CETH with a 24-hour trading volume of A$2.18K. Currently, cETH is valued at 0.50% below its all time high of A$96.31. This all-time high was the highest price paid for cETH since its launch.

The current circulating supply of cETH is 5,888,528.142 CETH which means that cETH has as total market cap of 5,888,528.142.

FAQ

What is the current price of cETH?

We update our cETH to AUD currency in real-time. Get the live price of cETH on Coinbase.

What is the market cap of cETH?

The current market cap of cETH is A$564.27M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of cETH?

The all-time high of cETH is A$96.31. This all-time high is highest price paid for cETH since it was launched.

What is the 24 hour trading volume of cETH?

Over the last 24 hours, the trading volume of cETH is A$2.18K.

What other assets are similar to cETH?

Assets that have a similar market cap to cETH include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many cETH are there?

The current circulating supply of cETH is 5.9 million.

Can I buy cETH on Coinbase?

Yes, cETH is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy cETH guide.