The current real-time price of BSDETH is $3,291.38. In the past 24 hours, BSDETH has traded between $3,271.81 and $3,365.68, showing strong market activity. The all-time high of BSDETH is $5,114.36, and the all-time low is $1,431.56.
From a short-term perspective, the price change of BSDETH over the past 1 hour is , over the past 24 hours is +0.08%, and over the past 7 days is -0.81%. These figures provide a quick overview of the latest price trends and market dynamics of BSDETH on LBank.-1.62%
The live price of BSDETH today is $3,291.38, with a current market cap of $4.307M. The 24-hour trading volume is 5K. The price of BSDETH to USD is updated in real time.
Before deciding whether to buy or sell BSDETH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s BSDETH technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for BSDETH.
How much will BSDETH be worth tomorrow, next week, or next month in ? What about your BSDETH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! BSDETH Price Prediction
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
base | 0xbbbb...eeffcb  | 392 | 29.95% |
base | 0x5de5...756d92 | 271 | 20.7% |
base | 0x6b87...de0d34 | 190 | 14.52% |
base | 0x03d0...f9da99 | 151 | 11.54% |
base | 0xbaa8...3c3401 | 100 | 7.64% |
Other | 204.9048 | 15.65% |
Based ETH is a decentralized Reserve Token (RToken) deployed on the Base Layer 2 network. It operates as a diversified index of various Ethereum Liquid Staking Tokens (LSTs). Its primary function is to provide a secure, decentralized method for holding Ethereum while simultaneously earning staking rewards from multiple providers, reducing the risk associated with relying on a single staking entity.
Based ETH is built using the Reserve Protocol's permissionless infrastructure. While the protocol provides the foundational technology for minting and collateral management, Based ETH is governed independently. Governance and security are managed by participants who stake RSR tokens specifically to support this RToken, ensuring the basket remains stable and over-collateralized.
Yield is generated from the underlying Ethereum liquid staking tokens held in the basket. The majority of these rewards are passed directly to Based ETH holders. A small percentage of the yield is typically directed to RSR stakers who provide governance and act as a backstop for the protocol, creating an incentivized security model for all participants.
Users can acquire Based ETH by trading on decentralized exchanges within the Base network. Alternatively, participants can mint the token directly through the protocol's application by providing the required underlying collateral assets. This flexibility allows users to either purchase the index on the open market or create it using their existing staking assets.
Security is maintained through a process where RSR tokens are staked as 'first-loss capital.' If an underlying staking token in the basket defaults or loses its peg, the staked RSR is seized and sold to ensure Based ETH remains fully backed. This protects holders from collateral failure while rewarding stakers for the risks they assume.
The mandate aims to enhance Ethereum's decentralization by diversifying the basket of supported staking providers. Over time, the governance seeks to incorporate smaller and emerging liquid staking solutions alongside established institutional providers. This strategy prevents centralizing power within a few entities and supports a healthier, more resilient Ethereum staking landscape.
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