Introducing weETH & wstETH Staking on CoinList
CoinList users are always asking for more ways to earn, and we’ve been listening.
Starting today, you can put your ETH to work and earn onchain yield right from your CoinList account:
The more you stake, the more you earn.
Earn with weETH
weETH is the wrapped version of eETH, the natively restaked liquid staking token from EtherFi, the leading staking protocol with almost $7B in TVL.
- Convert ETH to weETH: Trade ETH for weETH directly in your CoinList wallet. Super straightforward.
- Earn Staking Rewards: By holding weETH, users continue to earn staking rewards based on the underlying staked ETH. Since weETH is a rebasing token, the value of weETH appreciates over time, reflecting the accumulated staking rewards directly in your CoinList account.
- Earn KING tokens: CoinList users that hold weETH will earn KING tokens. The number of tokens you earn is based on the number of KING points you accumulate. KING points are earned at a rate of 1 KING point per ETH per hour. For example, a user who stakes 1 weETH for 10 days should accrue 240 KING points over this time period (1 ETH × 10 days × 24 hours/day = 240 KING points). KING tokens will be automatically distributed to users’ KING wallets on CoinList in the coming weeks.
Earn with wstETH
wstETH is a tokenized version of stETH from Lido, a liquid staking platform with almost $26B n TVL. wstETH is designed to maintain a fixed balance while reflecting staking rewards in its price, enabling seamless use in DeFi applications while still earning Ethereum staking yields.
- Convert ETH to wstETH: Trade ETH for wstETH directly in your CoinList wallet.
- Earn Staking Rewards: By holding wstETH, users continue to earn staking rewards based on the underlying staked ETH. Since wstETH is a rebasing token, the value of wstETH appreciates over time, reflecting the accumulated staking rewards directly in your CoinList account.
Whatever happens next in crypto, restaking is here to stay.
Legal notice
This blog post is being distributed by CoinList Global Services Ltd., dba “CoinList,” or one of its subsidiaries. CoinList does not provide—and this post shall not be construed as—investment, legal or tax advice. This blog post and use of the CoinList website is subject to certain disclosures, restrictions and risks, available here. Actual staking rewards may vary.