Coinbase Wrapped ZEC Brings Zcash to DeFi Apps on Base Network

Coinbase Wrapped ZEC (CBZEC) is a token on the Base network that represents Zcash (ZEC) held by Coinbase. Each CBZEC is backed 1:1 by ZEC in Coinbase custody, allowing users to use ZEC in DeFi apps on Base.

Coinbase allows eligible customers to send wrapped versions of certain cryptocurrencies to wallet addresses on supported blockchains. This enables customers to transact on multiple networks while maintaining a single, unified balance of the native tokens in their Coinbase accounts.

CBZEC's tokenomics describe its economic model, including supply, distribution, and utility within the ecosystem. The total supply is $584.16K, with an all-time high price of $1,023.54 and an all-time low of $788.25.