$WBETH is a Binance derivative token based on staked ETH (Ethereum). It was launched by Binance as part of its staking service for Ethereum. When you stake ETH on Binance, you can choose to receive WBETH as a liquid token that represents your staked ETH plus the rewards you have accumulated over time.

How does WBETH work?

Liquid token: WBETH allows you to stake ETH and still maintain liquidity, meaning you can use WBETH on other DeFi (decentralized finance) platforms while continuing to accumulate staking rewards.

Growing value: WBETH reflects both the ETH you have staked and the rewards you have earned. Unlike some liquid staking tokens, WBETH’s underlying value increases over time because it includes the daily rewards.

For example:

If 1 WBETH today is equivalent to 1 ETH staked, over time, 1 WBETH could be worth more than 1 ETH due to the accumulated staking rewards.

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How to earn WBETH?

1. Stake ETH on Binance:

Deposit ETH on the Binance platform.

Choose the option to convert your ETH to WBETH.

The WBETH will be added to your Binance wallet.

2. Buy WBETH on the market:

You can buy WBETH directly on secondary markets, such as Binance itself or on other exchanges where the token is traded.

3. Staking rewards:

By holding WBETH in your wallet, you automatically accumulate the value of the staking rewards, reflected in the value of the token.