BOXETH

Cat-in-a-Box Ether Price

(BOXETH)

Note: This cryptocurrency has not yet been officially listed on KuCoin TR.

Note: This data is for reference only.

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Price Range (24h)

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24h High --

How can I buy Cat-in-a-Box Ether (BOXETH)?
Buying BOXETH on KuCoin TR is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Cat-in-a-Box Ether (BOXETH) for more information.
Coin description
Cat-in-a-Box is a lending protocol that self-stabilises by incentivising the conversion of debt from users with unhealthy loans into buying pressure for the system's borrowable asset. This process supports the value of the soft-pegged synthetic asset to ensure it remains attractive to borrow.
Deposit
The Cat-in-a-Box protocol is built on stETH as the main yield-generating asset. A user can simply deposit their stETH into the deposit contract and continue earning yield. Only 1%* of the yield a user would normally earn through stETH is redirected to the Cat-in-a-Box protocol. The upside of depositing stETH into Cat-in-a-Box is that the yield is boosted by a proportional share of all collateralised (deposits directly securing users debt) stETH in the protocol.
Borrow
Any stETH deposited in the smart contract can be used to mint and borrow a 1:1 soft pegged asset issued by the protocol as boxETH.
Once the borrower has taken a loan they can use it to:
Convert it into an asset of choice on a DEX or DEX aggregator
Resolve another users debt to earn arbitrage profit
Purchase fee tokens
Provide liquidity to the boxETH-stETH liquidity pool

What is the all-time high price of Cat-in-a-Box Ether (BOXETH)?
The all-time high price of Cat-in-a-Box Ether (BOXETH) is 3,940.66. The current price of BOXETH is down -- from its all-time high.
How do I store Cat-in-a-Box Ether (BOXETH)?
You can store your Cat-in-a-Box Ether in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your BOXETH include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.