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 accumulated by BETH tokens on ETH Staking after 2023-04-27 08:00 (UTC) .
WBETH will allow users to participate in DeFi projects outside of Binance, while ensuring they are eligible to receive the corresponding ETH Staking rewards accumulated. Starting from 2023-04-27 08:00 (UTC), users will be able to wrap their BETH tokens into WBETH.
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