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.

Wrapped Beacon ETH (wBETH), also called Binance Staked ETH, is a liquid staking token issued by Binance on Ethereum and BNB Chain.

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.

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Liquid staking

Wrapped Beacon ETH

# Gas used Methodology

## Overview

Gas used measures the total gas consumed by an application. It reflects how much users are willing to incur transaction costs when using the application.

Wrapped Beacon ETHwBETH

Gas used

Gas used

Competitive landscape

Chain breakdown