There are multiple ways to earn with WBETH.
Here are some examples:
Instant Trading
You can trade WBETH/USDT and WBETH/$ETH on the Binance Spot Market. Once you purchase and hold WBETH, you can earn ETH staking rewards. Daily staking rewards will not be distributed to the Binance Spot Wallet. Instead, rewards will be automatically accumulated and accumulated at the token conversion rate until WBETH is unpegged from ETH.
Check out our guide on how to buy Beacon ETH (WBETH) pegged.
Earn ETH staking rewards by minting WBETH on-chain
WBETH is available from staking ETH on Binance. WBETH can be minted on DeFi platforms (such as PancakeSwap) or via on-chain smart contracts (Smart Chain or Ethereum). As daily ETH staking rewards accumulate, the value of WBETH increases accordingly. You can [redeem] the yield by converting WBETH to ETH via staking ETH on Binance or swapping WBETH for ETH via on-chain smart contracts (BNB Smart Chain or Ethereum).
Liquidity collection
Liquidity mining is a common earning mechanism in DeFi, which involves providing liquidity to decentralized exchanges (DEXs) and earning rewards for doing so.
To start earning liquidity, you will need to provide a pair of tokens to the liquidity pool. For example, you can pair WBETH with another token supported by the pool, such as $ETH or USDT. Users who swap pairs in the pool pay fees to you as a liquidity provider. However, please note the risk of impermanent losses when entering liquidity pools.
Some examples that allow users to earn yield using WBETH by staking liquidity pool tokens include decentralized exchanges, such as PancakeSwap (Ethereum and BSC), Curve, Balancer, and Maverick (Ethereum and BSC).
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