Binance Launches Wrapped Beacon ETH (WBETH) on ETH Staking
Apr 24,2023,11:18
Binance is rebranding ETH 2.0 Staking to ETH Staking, and introducing Wrapped Beacon ETH (WBETH) on the ETH Staking service, effective from 2023-04-27 08:00 (UTC).
WBETH is a new liquid staking token, where 1 WBETH represents 1 BETH and the total staking rewards accrued by the BETH token on ETH Staking after 2023-04-27 08:00 (UTC).
WBETH will allow users to participate in DeFi projects outside Binance, while ensuring their eligibility to receive the corresponding ETH Staking rewards accrued. Starting from 2023-04-27 08:00 (UTC), users will be able to wrap their BETH tokens to WBETH.
