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ckETH
ckETH
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Description
Chain-key Ether (ckETH) is a token on the Internet Computer (ICP) that is backed 1:1 by Ether (ETH). Conversion and redemption is fully automated via canister smart contracts using threshold cryptography - no trusted intermediaries required.Chain-key tokens enable a fully decentralized, no-KYC method of transferring value between Bitcoin and Ethereum. The ckETH/ckBTC trading pair is available on several ICP-based DEXs
Total Value Locked
$1,299,837
Ethereum:$1.3m
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Methodology
We count the ETH on 0xb25eA1D493B49a1DeD42aC5B1208cC618f9A9B80 as the collateral for the ckETH
Protocol Information
Category
Audits
No