Wrapped Beacon ETHwBETH
Overview
What is Wrapped Beacon ETH?
Wrapped Beacon ETH (wBETH), also called Binance Staked ETH, is a liquid staking token issued by Binance on Ethereum and BNB Chain.
How does Wrapped Beacon ETH work?
Users stake ETH through Binance and receive wBETH, a liquid ERC-20 token. The token does not rebase: its exchange rate against ETH rises as staking rewards accrue, so each wBETH is redeemable for more than 1 ETH over time.
Who governs Wrapped Beacon ETH?
Binance issues and manages wBETH, the liquid staking token for its ETH staking service. Binance takes a service fee from the staking rewards earned by the staked ETH.
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.