$ETH Here is a detailed post about Ethereum (ETH) on the Binance platform, summarizing the most important events and updates since the beginning of network support until the latest changes:
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🏁 1. Launch of Staking Service on Ethereum 2.0 (December 2020)
Binance officially launched the ETH 2.0 Staking service on December 2, 2020 UTC, allowing users to stake ETH and receive BETH at a 1:1 ratio √ .
It offered an annual percentage yield (APY) ranging from 5%–20%, depending on network rewards.
Lock-up period: approximately two years (until the final launch phase).
During the period from December 2 to December 16, additional BNB rewards were offered on the first 5000 ETH√ .
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🔄 2. Ethereum Merge (The Merge) – March–April 2023
After the upgrade of The Merge (Proof-of-Stake), Binance temporarily suspended ETH bookings, deposits, and withdrawals, but resumed services shortly after √ .
The merge affected BETH: staking rewards and fees and MEV are now distributed, enhancing APR √ .
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🏦 3. Support for Withdrawals of Staked ETH (Shapella – April 2023)
After activating the Shapella feature (withdrawal of staked ETH), Binance began enabling the withdrawal of BETH for ETH at a 1:1 ratio starting April 19, 2023 UTC; however, the process took 15 days to several weeks √ .
By May 18, 2023, Binance reduced the processing time for requests to just 5 days √ .
