Features of cgETH and cgCAGA

What is cgETH?

When you stake your Ethereum (ETH) in CAGA, you receive an equivalent amount of cgETH. This Liquid Staking asset mirrors the value of staked ETH, enabling you to engage in the DeFi markets. Formula to get cgETH is:

$$\text{cgETH Received} = \text{ETH Staked}$$

cgETH Contract Address:

• 0x16743688991C71A42FC07B51a21FF14FB586cd0E View on Etherscan

What is cgCAGA?

Staking CAGA tokens yields cgCAGA, a Liquid Staking representation of your staked position. This asset, too, allows for DeFi interaction while accumulating staking rewards and voting power. Formula for cgCAGA is analogous to that of cgETH:

$$\text{cgCAGA Received} = \text{CAGA Staked}$$

cgCAGA Contract Address:

• 0xdA9Aea8258F5f1a152715B653821D078FdCfA26aView on Etherscan

cgCAGA cgETH

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Use cases of cgETH and cgCAGA Liquid Staking Assets

1. Liquidity and Market Dynamics

You can use your Liquid Staking assets on liquid market for staked assets. For instance, cgETH can be easily transferred from one person to another and traded in the open market.

2. Collateralization and Lending

Also important use case. In the near future with MegaPool (if the voting goes through with the community in the Phase 2). With Liquid Staking assets like cgETH, or cgCAGA, users can use their value to participate in lending markets, pools and farming.