Cat-in-a-Box Ether (BOXETH) Live Price and charts Today

1 Cat-in-a-Box Ether (BOXETH) Price Today in USD is $3,293.83

Cat-in-a-Box Ether (BOXETH) = $3,293.83 USD

Cat-in-a-Box Ether (BOXETH) all-time high (ATH) is $3,929.12 USD

The maximum supply of Cat-in-a-Box Ether (BOXETH) is Unknown

Cat-in-a-Box Ether (BOXETH) 24h volume is $250.15 Kilo USD

Cat-in-a-Box Ether (BOXETH) Market Cap is 0 USD

Kindly note that the smart-contract owner can mint new tokens. Please proceed with caution.

Cat-in-a-Box Ether
$3,293.83
-3.68%
Cat-in-a-Box Ether (BOXETH) Price Chart
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  • 1H -
  • 24H -3.68%
  • 1Y -4.33%
  • Rank #N/A
  • Market Cap 0.00% -
  • 24H Spot Volume 0.00% $250,152.79
  • 24H Volume / Market Cap -
  • Circulating Supply -
  • Total Supply -
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID cat-in-a-box-ether copy duigou
  • Project Start Date -
  • Contracts & Explorer(s) coin-img 0x769...e3b73
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  • Websites Website
  • Links
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About BOXETH Roadmap & Milestones
Cat-in-a-Box Ether ($BOXETH) is a synthetic derivative of Cat in a box on Ethereum, which is a lending protocol where users can deposit their $stETH into the deposit contract and continue earning yield. Any $stETH deposited in the smart contract can be used to mint and borrow a 1:1 soft pegged asset issued by the protocol as $BOXETH.

Cat-in-a-Box is a lending protocol that self-stabilises by incentivising the conversion of debt from users with unhealthy loans into buying pressure for the system's borrowable asset. This process supports the value of the soft-pegged synthetic asset to ensure it remains attractive to borrow.

The Cat-in-a-Box protocol is built on stETH as the main yield-generating asset. A user can simply deposit their stETH into the deposit contract and continue earning yield. Only 1%* of the yield a user would normally earn through stETH is redirected to the Cat-in-a-Box protocol. The upside of depositing stETH into Cat-in-a-Box is that the yield is boosted by a proportional share of all collateralised (deposits directly securing users debt) stETH in the protocol.

Any stETH deposited in the smart contract can be used to mint and borrow a 1:1 soft pegged asset issued by the protocol as boxETH.

Once the borrower has taken a loan they can use it to:

  • Convert it into an asset of choice on a DEX or DEX aggregator
  • Resolve another users debt to earn arbitrage profit
  • Purchase fee tokens
  • Provide liquidity to the boxETH-stETH liquidity pool
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