Coinbase is allowing its users who stake Ethereum to receive a new utility token. The new token is an ERC-20 token, called Coinbase Wrapped Staked ETH. The new token is a liquid representation of staked ETH and can be used all across DeFi. All the staked ETH is locked in Coinbase due to the upcoming The post Coinbase Launches New Token, Will It Ease Sanctions Uncertainty appeared first on CoinGape.