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Then WBETH will be at that ETH price + price of staking reward (in % of ETH gained)
Binance wrapped ETH and SOL are very clever. Instead of staking ETH and SOL, you buy their WBETH and BNSOL instead, which has ETH and SOL as staked collateral, and have staking reward baked into the price. Fo example if ETH is at $3K now, WBETH will be at $3.25K, the difference is the accumulated staking reward since the start of WBETH creation. This way your WBETH or BNSOL appreciate in value from staking but can still trade them, say for quick money or selling the top, without needing to wait for unstaking period. Genius.
Laugh in WBETH with the ability to market sold without unstaking
BETH seems daily flexible not fixed as far I know. Also wonder if there's any advantage to WBETH over BETH in terms of earnings, assuming I don't plan to move it anywhere?
Hey guys! I do not have enough score to make a post. I wanted to ask about decentralized investments. I am currently looking at pools in pancakeswap and uniswap, renting energy on tron, DOT staking, and staking with services like Lista Staked BNB and Lido Staked MATIC alongside WBETH. What do you guys think are the best methods to invest in a decentralized way?
I would do it like this! Install MetaMask: - Download MetaMask and set up your wallet. Transfer WBETH to MetaMask: - Log in to Binance, withdraw WBETH to your MetaMask ERC-20 address. Swap WBETH for ETH: - Use a decentralized exchange like Uniswap or SushiSwap. Connect MetaMask, swap WBETH for ETH, and confirm the transaction. Transfer ETH to Coinbase: - Copy your Coinbase ETH address, send ETH from MetaMask to Coinbase. . Sell ETH on Coinbase**: - Once ETH is in Coinbase, sell it for your desired fiat currency. This process does cost in transaction fee’s so if the amount is low then we need to find you a more cost friendly way
Hello everyone, I bought a couple eth's a while ago on binance and was looking to transfer them to a ledger. I currently have them stacked as WBETH. Can I send them directly as WBETH to the ledger and if so will the stacking continue? (on their website is says it's supported). Or would it be smarter to convert them to another currency and buy again on the Ledger? Thanks in advance
Hello everyone, I've been staking ETH on binance for a little more than a year and half and it was converted to BETH during that time. This week I decide to unstake it as I wanted to have it available in my spot wallet if I wanted to sell ETH. When I went into the ETH Staking section on Binance it asked me if I wanted to convert BETH to WBETH which I was not interested into as I just wanted my BETH back and convert it to ETH. I redeemed my BETH and since then I have been unable to convert them. Seems like it was obligatory to convert them to WBETH first so I could convert them to ETH on Binance platform which wasn't advertise nowhere in the message I received. Now I'm stuck with useless BETH that I can't sell and can't convert back to ETH. What can I do to convert my BETH to ETH please ? Thank you
They selling WBETH now 🤷♂️
Is worth it to convert BETH into WBETH on Binance?
How to redeem my BETH assets? ADVICE I did not follow the crypto world for the last few months and I have some BETH left on my account that I would like to redeem now, but I cannot. Do you know how to convert it into another asset that I can withdraw? I read that the new version is WBETH, so I guess I should "wrap" it first?! 1am really not sure what to do about that. Can you please explain what happened and what should I do? Many thanks
Yes the pairs for BETH have been removed, now there is only WBETH pairs. However as the other guy has said it should just be in your spot wallet
tldr; Binance's liquid staked ether (WBETH) has seen a sudden influx of $500 million, bringing its total locked value (TVL) to $1.2 billion. This surge in inflows has raised questions among crypto observers due to its irregular nature. Binance explained that these transactions were part of their plan to convert the original staked ether (BETH) tokens to WBETH. The exchange has been taking measures to boost WBETH and reduce activity with the old token. Despite the large inflows, the overall amount of staked assets through the exchange has not changed significantly. Binance is now one of the largest players on Ethereum's staking network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.