About Wrapped Beacon ETH (WBETH)
WBETH, known as Wrapped Beacon ETH, is a liquid staking token in the decentralized finance (DeFi) sector. Launched in April 2023, each WBETH includes the value of the staked ETH plus all ETH2.0 staking rewards accumulated since its launch. This allows WBETH holders to benefit from both the initial staked amount and accrued rewards without directly participating in staking.
As an ETH liquid staking token provided by Binance, WBETH represents an equal value to BETH (1:1 ratio to staked ETH), incorporating all ETH2.0 staking rewards from the time WBETH's conversion rate was set at 1:1 on April 27th, 2023.
WBETH offers the advantage of immediate liquidity and the opportunity to engage in various DeFi projects, all while maintaining eligibility for ETH staking rewards. Users can stake ETH to acquire WBETH through Binance's official smart contract. Furthermore, Binance facilitates the conversion of BETH to WBETH and vice versa on their ETH Staking page, without any fees.
WBETH provides several earning avenues, such as being utilized as a trading pair in spot markets, like WBETH/USDT and WBETH/ETH on Binance. Other use cases of WBETH include liquidity farming and usage in lending and borrowing protocols to generate yields.
The current price of WBETH is available and updated in real time on Binance.