Binance has introduced Wrapped Beacon ETH (WBETH) on ETH Staking.

Binance is rebranding ETH 2.0 Staking to ETH Staking, and introducing Wrapped Beacon ETH (WBETH) on the ETH Staking service, effective from 2023-04-27 08:00 (UTC).

#WBETH is a new liquid staking token, where 1 WBETH represents 1 #BETH and the total staking rewards accrued by the BETH token on #ETH Staking after 2023-04-27 08:00 (UTC).