News/Binance Launches Wrapped Beacon ETH (WBETH) on ETH Staking

Binance Launches Wrapped Beacon ETH (WBETH) on ETH Staking

Apr 24,2023,19:18

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.

 

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