Binance Launches Ether-Based Liquid Staking Product WBETH to Rival Liquid Staking Competitors

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Wrapped beacon eth (WBETH), the newest staking offering from Binance, has been launched. It was constructed on the Ethereum network and will start trading on Binance on Thursday. By depositing 1 Ether, users will be able to create WBETH, and vice versa. Each WBETH token will also daily earn ETH Staking incentives. The ‘Wrap’ and ‘Unwrap’ operations will be momentarily suspended to accommodate the daily changes of the BETH/WBETH conversion rate.

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Binance Launches Ether-Based Liquid Staking Product WBETH to Rival Liquid Staking Competitors

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Name	Price	24H (%)
Bitcoin(BTC)	$61,159.65	3.41%
Ethereum(ETH)	$2,716.92	2.23%
Tether USDt(USDT)	$1.00	0.00%
BNB(BNB)	$526.70	1.80%
Solana(SOL)	$145.00	0.49%
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Dogecoin(DOGE)	$0.106087	1.38%
Cardano(ADA)	$0.341083	1.52%
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Polkadot(DOT)	$4.53	0.11%
Chainlink(LINK)	$10.60	2.42%
Litecoin(LTC)	$63.82	3.12%
Polygon(MATIC)	$0.422044	0.86%
Monero(XMR)	$150.32	0.41%
OKB(OKB)	$36.98	0.72%
ApeCoin(APE)	$0.60	0.06%