cETH (CETH) is a cryptocurrency token that represents a share of the total assets in the Compound decentralized finance (DeFi) protocol. Holders of cETH earn interest on their holdings, which is accrued and distributed in the form of additional cETH tokens. cETH can be traded on various cryptocurrency exchanges and used as collateral for borrowing or lending within the Compound platform. As with all cryptocurrencies, the value of cETH can fluctuate based on market conditions and investor sentiment.