WBETH is a liquid staking token, where 1 WBETH represents 1 ETH and the total staking rewards accrued by the ETH token on ETH Staking. In practice, wBETH will allow users to obtain immediate liquidity and participate in DeFi projects, while ensuring their eligibility to receive the corresponding ETH Staking rewards accrued.
On-chain participants can stake their ETH to obtain WBETH by interacting with the official smart contract provided by Binance. Binance participants can wrap their BETH tokens to WBETH, and unwrap their WBETH to BETH tokens on the Binance ETH Staking page at zero fees. Latest snapshot shows market cap near $7,416,529,637, 24h volume around $7,464,637, 24h change down 1.31%. DexBrief is currently monitoring a live market route on Ethereum via Pancakeswap. Current market coverage for this page is being assembled from 2 public market feeds.
Public metadata currently describes Wrapped Beacon ETH as a token with a not-mineable issuance model and centralized structure. Contract references point to Ethereum as the primary asset platform. Public reference history for this asset dates back to 2023-04-26. Available contract and metadata references point back to the Ethereum network. Common classification tags include Crypto-Backed Tokens, BNB Chain Ecosystem, and Wrapped-Tokens. Public contract references currently span Ethereum, BNB Chain.