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Binance launched the WBETH, which is a new liquid staking token. 1 WBETH represents 1 BETH and the total staking rewards accrued by the BETH token on ETH Staking after 2023-04-27 08:00 (UTC). WBETH will allow users to participate in DeFi projects outside Binance, while ensuring their eligibility to receive the corresponding ETH Staking rewards accrued.
https://www.binance.com/en/support/announcement/binance-introduces-wrapped-beacon-eth-wbeth-on-eth-staking-a1197f34d832445db41654ad01f56b4d
BY Binance News
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