Cryptocurrency exchange Binance has rebranded its liquid staking product Ethereum and introduced the Wrapped Beacon ETH (WBETH) token.
Introducing Wrapped Beacon ETH (WBETH) on #Binance ETH Staking, available from April 27 at 8am UTC.
WBETH allows you to use DeFi while continuing to receive your $ETH staking rewards.
— Binance (@binance) April 24, 2023
Coreists can win WBETH on DeFi protocols across exchanges. So stink to continue to reward the city for staking on the main platform.
On April 27, it is possible to convert the synthetic asset BETH to WBETH at a 1:1 ratio. The company was ahead of the fact that the given spivdnance can be changed, the WBETH shards will increase over time.
Guessing, on April 19, Binance announced the withdrawal of ETH from staking. Tse became after Shapella renewal activation.