Binance crypto exchange announced the completion of the rebranding process of the Ethereum liquid staking product. The platform also introduced the Wrapped Beacon ETH (WBETH) token.
According to the official information of the exchange, users will be able to use the WBETH token in DeFi protocols outside the platform, but they will continue to receive a reward for staking on Binance.
On Thursday, it will be possible to convert the synthetic asset BETH into WBETH in a 1:1 ratio. However, over time, this ratio may change if the new token rate increases.#WrappedTokens #Binance #Write2Earn #Squar2earn #TrendingTopic $USDC