Wrapped Beacon ETH company info

What does Wrapped Beacon ETH do?
Wrapped Beacon (CRYPTO:WBETH) is a wrapped version of BETH, which is the staked equivalent of ETH. WBETH is issued by Binance and pegged one-to-one to BETH. It represents the ETH that has been staked on the Ethereum Beacon Chain and will be rewarded with ETH2.0 once it is launched. WBETH is operated by Binance. Binance holds the ETH that backs WBETH in its custody and is responsible for redeeming WBETH for BETH when users request it. Binance is working on a number of projects to improve WBETH and expand its ecosystem. These projects include developing new features and functionality for WBETH, building a community of developers and users around WBETH, and partnering with other companies and organizations to promote the use of WBETH. The objectives of WBETH are to provide a liquid and accessible way to participate in Ethereum staking, allow users to earn ETH2.0 rewards without having to lock up their ETH for an extended period of time, and promote the adoption of Ethereum 2.0. WBETH is a valuable asset for users of Ethereum and the Ethereum 2.0 ecosystem. It provides a convenient and easy-to-use way to participate in Ethereum staking and earn ETH2.0 rewards.
Wrapped Beacon ETH company media
Company Snapshot

What is the market cap for Wrapped Beacon ETH?

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Market Cap
$2.75B

What year was Wrapped Beacon ETH founded?

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Year Founded
2018
What does Wrapped Beacon ETH specialise in?
/BNB Smart Chain /Ethereum Ecosystem /Liquid Staking Derivatives /Staking

What are the products and/or services of Wrapped Beacon ETH?

Overview of Wrapped Beacon ETH offerings
Collateral: WBETH can be used as collateral to borrow other assets on lending protocols.
Decentralized applications: WBETH can be used to participate in decentralized applications (DApps) on the Ethereum network, such as decentralized exchanges (DEXes) and lending protocols.
Lending: WBETH can be lent to other users through lending protocols in exchange for interest.
Payments: WBETH can be used to make payments on the Ethereum network, which is fast and inexpensive.
Staking: WBETH holders can stake their WBETH to earn ETH2.0 rewards.
Trading: WBETH can be traded on exchanges, which provides liquidity and allows users to profit from price changes.