Binance ETH staking BETH
1. Summary
- Price
-
$2,793.86 -3.6%
- Market Cap
- $0.00 (#10716)
- Supply
- 0.00 / 4,438.00
- Description
-
Binance ETH Staking
Binance ETH Staking
Binance ETH Staking is a service offered by Binance that allows users to earn rewards on their Ethereum (ETH) holdings. It simplifies the staking process for Ethereum, which switched to a Proof-of-Stake (PoS) consensus algorithm, ensuring the network's speed, efficiency, and scalability. Users can earn staking rewards by staking their ETH without necessarily meeting the minimum 32 ETH requirement for direct Ethereum staking.
Participation Process
To participate in Binance ETH Staking, users:
- Log in to their Binance account.
- Select the amount of ETH they wish to stake.
- Receive Wrapped Beacon ETH (WBETH) as a tokenized representation of their staked ETH and rewards.
- Earn daily rewards, which increase the value of WBETH.
- Can use WBETH for various purposes, such as trading, margin trading, DeFi protocols, or making it available as collateral for loans.
- Can redeem WBETH for ETH once unstaking is completed.
Security and Benefits
- Binance handles all validator operations and assumes on-chain penalty risks, ensuring a secure and worry-free staking experience.
- Binance applies a 10% fee on ETH staking rewards to support operating costs.
BETH Token
- BETH is a tokenized asset representing a user's staked ETH at a 1:1 ratio.
- Binance distributes staking benefits in the form of BETH on a daily basis.
- BETH can be traded and used for liquidity during the lock-up period.
Important Notes
- During the lock-up period, users cannot redeem their ETH.
- Binance provides the BETH/ETH trading pair to address liquidity issues.
- Users will be able to swap their ETH back based on their BETH holdings when ETH 2.0 goes live.
| Price | |
| 52W High price | $4,208.87 |
| 52W High date | 7th Dec 2024 (2 months ago) |
| All Time High (ATH) Date | 10th Nov 2021 (3 years ago) |
| ATH Price | $4,523.96 |
| % From ATH | -15.48% |
| All Time Low (ATL) Date | 18th Jun 2022 (2 years ago) |
| ATL Price | $849.12 |
| % From ATL | 350.31% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $34,921.00 |
| Total Supply | 4,438.00 |
BETH
How does Binance ETH staking's (BETH) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
13.9%
BETH
51,626.9%
Similar Market Cap
60 Day Return
49.6%
BETH
4,051.5%
Similar Market Cap
1 Year Return
63.5%
BETH
-
Similar Market Cap
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 3M |
|---|---|
| Active Reddit Users (past 24h) | 610 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 4M |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.binance.com/ |
|---|---|
| Explorer | https://bscscan.com/token/0x250632378e573c6be1ac2f... |
| @ethereum | |
| /r/ethereum |
What is the correct contract address for Binance ETH staking?
| Binance-smart-chain | 0x250632378e573c6be1ac2f97fcdf00515d0aa91b |
|---|
Has Binance ETH staking been audited for security?
No security audits found for this project.
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