Wrapped Beacon ETH WBETH Price

What is Wrapped Beacon ETH (WBETH)?

Wrapped Beacon ETH (WBETH) Overview

Wrapped Beacon ETH (WBETH) is a liquid staking token that represents 1 ETH and the total staking rewards accrued by the ETH token on ETH Staking. It allows users to obtain immediate liquidity and participate in DeFi projects while ensuring their eligibility to receive corresponding ETH Staking rewards.

Staking Process and Liquidity

Users can stake their ETH to obtain WBETH by interacting with the official smart contract provided by Binance. Binance users can wrap their BETH tokens to WBETH and unwrap their WBETH to BETH tokens on the Binance ETH Staking page at zero fees.

Reward-Bearing Nature of WBETH

WBETH is reward-bearing in nature, accumulating ETH2.0 staking rewards by growing in value in relation to BETH. Despite not being held in the Binance Spot Wallet, the value of WBETH increases, providing double yield potential for users.

Launch Details and Value Proposition

Launched in April 2023, WBETH allows holders to benefit from the initial staked amount and accrued rewards without direct participation in staking. It represents an equal value to BETH in a 1:1 ratio to staked ETH, incorporating all ETH2.0 staking rewards since its launch.

Accessibility and Conversion Process

WBETH offers immediate liquidity and the opportunity to engage in various DeFi projects while maintaining eligibility for ETH staking rewards. Users can stake ETH to acquire WBETH through Binance's official smart contract. Additionally, Binance facilitates the conversion of BETH to WBETH and vice versa on their ETH Staking page without any fees.

Earning Avenues

WBETH provides multiple earning avenues, including being utilized as a trading pair in spot markets like WBETH/USDT and WBETH/ETH on Binance. It is also used in liquidity farming and lending and borrowing protocols to generate yields.

What is unique about Wrapped Beacon ETH (WBETH)?

Wrapped Beacon ETH (WBETH) is unique as a liquid staking token that represents 1 ETH and the total staking rewards accrued by the ETH token on ETH Staking, offering immediate liquidity and participation in DeFi projects while maintaining eligibility for ETH staking rewards.

Who are the founders of Wrapped Beacon ETH (WBETH)?

The founders of Wrapped Beacon ETH (WBETH) are anonymous.

Where can I buy Wrapped Beacon ETH (WBETH)?

You can buy Wrapped Beacon ETH (WBETH) on Binance, Uniswap V3 (BSC), Pancakeswap V3 (Ethereum)Curve (Ethereum)Biswap V3 cryptocurrency exchanges.