Binance launches Wrapped Beacon ETH, an ETH-based pledged token
According to the official announcement, Binance will change the name of ETH 2.0 Staking to ETH Staking, and introduce Wrapped Beacon ETH (WBETH) on the ETH Staking service, which will take effect from 16:00 on April 27, Beijing time.
WBETH is a new liquid staking Token, where 1 WBETH represents 1 BETH and the total staking rewards accumulated on ETH Staking after 16:00 on April 27 of BETH tokens. WBETH will allow users to participate in DeFi projects outside of Binance while ensuring that they are eligible for corresponding ETH equity rewards.
WBETH is a new liquid staking Token, where 1 WBETH represents 1 BETH and the total staking rewards accumulated on ETH Staking after 16:00 on April 27 of BETH tokens. WBETH will allow users to participate in DeFi projects outside of Binance while ensuring that they are eligible for corresponding ETH equity rewards.
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