Coinbase Wrapped ZEC Token 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. The token allows users to use ZEC in DeFi apps on Base, while maintaining a single balance of the native tokens in their Coinbase accounts.

Each CBZEC is backed 1:1 by its original cryptocurrency, ZEC, which is stored in Coinbase custody. This means that the value of each CBZEC is directly tied to the value of the underlying ZEC.

The tokenomics of CBZEC describe its economic model, including its supply, distribution, and utility within the ecosystem. The total supply of CBZEC is $616.27K, with an all-time high of $1,045.12 and an all-time low of $788.25.