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Coinbase Wrapped MEGA

Coinbase Wrapped MEGA ("cbMEGA") is a token that is backed 1:1 by native MegaETH (MEGA) held by Coinbase, meaning that for all cbMEGA in circulation, there is an equivalent amount of MEGA held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbMEGA, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbMEGA and redeem a corresponding amount of the underlying MEGA simply by depositing the cbMEGA into their Coinbase accounts. cbMEGA is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility.