Wrapped Beacon ETH
(WBETH)$ 3,453.4
1.61 % (24H)Wrapped Beacon ETH Data
Price Range (24H)
Lowest
$ 3,428.65
Highest
$ 3,566.73
ATH
$ 4,343.26
Price Change (24h)
1.61 %
Price Change (7d)
0 %
Market Cap
$ 2.64 B
24h Volume
$ 4,284,000
Circulating Supply
0
Max Supply
-1
Wrapped Beacon ETH Overview
WBETH is a liquid staking cryptocurrency for Ethereum (ETH) staking, providing liquidity. Each WBETH token equals one Ethereum token, including total staking rewards from ETH Staking. WBETH, a wrapped version of BETH (representing staked ETH), accumulates ETH2.0 staking rewards by increasing in value relative to BETH, not quantity. This allows Ethereum stakeholders to stake without sacrificing asset liquidity. WBETH was introduced by Binance to innovate in the DeFi sector, particularly Ethereum staking. It enables users to participate in Ethereum’s staking process while retaining flexibility for other DeFi projects by providing immediate liquidity to staked assets. WBETH’s primary use is to offer users the dual benefit of participating in Ethereum staking and maintaining liquidity for other investment opportunities in the DeFi space. By holding WBETH, users can earn staking rewards from Ethereum 2.0 while engaging in other financial activities in the DeFi ecosystem.