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TechFlow reports that Binance has launched Wrapped Beacon ETH (WBETH), a token based on ETH staking. WBETH represents one BETH token and includes all staking rewards accumulated from BETH's ETH staking after 16:00 Beijing Time on April 27, 2023. Binance stated that users will be able to wrap BETH into WBETH at zero cost after 16:00 Beijing Time on April 27, 2023. The initial exchange ratio between BETH and WBETH is 1:1, which may change in the future.
TechFlow reports that Binance has launched Wrapped Beacon ETH (WBETH), a token based on ETH staking. This token represents one BETH and all staking rewards accumulated from BETH's ETH staking after 16:00 Beijing time on April 27, 2023. Binance stated that users will be able to wrap BETH into WBETH at zero fee after 16:00 Beijing time on April 27, 2023. The initial exchange ratio between BETH and WBETH is 1:1, which may change in the future.
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