ApeETH APEETHPrice $ 1,812

ApeETH is a yield-bearing asset on ApeChain, created by bridging Ethereum assets like ETH or WETH into the network. These assets are deposited into vaulted yield sources like wstETH (wrapped staked ETH) on Ethereum. When users deposit ETH or WETH, they receive apeETH, which automatically generates yield without requiring manual interaction. ApeETH balances update regularly through automatic rebasing, increasing users' holdings over time. This mechanism makes it efficient to utilize idle assets on Layer 2 or Layer 3.