Binance Launches Wrapped Beacon ETH (WBETH) on ETH Staking

Binance Launches Wrapped Beacon ETH (WBETH) on ETH Staking

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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Binance

Ethereum

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