What Is Wrapped Beacon ETH (WBETH)? Bringing ETH Staking to the DeFi World

Check Today's Crypto Market:

Bittime -  In the midst of the rapid development of Decentralized Finance ( DeFi ), Wrapped Beacon ETH (WBETH) is present as an innovative solution that allows users to utilize ETH staked in various DeFi protocols. WBETH opens new opportunities for ETH stakers to:

• Earn additional yield from staking ETH via DeFi.
• Maintain liquidity of staked ETH.
• Access various DeFi products and services.

What Is Wrapped Beacon ETH (WBETH)?

Wrapped Beacon ETH is an ERC-20 token that is pegged 1:1 with ETH staked on the Beacon Chain. WBETH allows users to:

• Using staked ETH in DeFi protocols on Ethereum and other blockchains.
• Earn additional yield from ETH staking through yield farming.
• Maintain liquidity of staked ETH.

Wrapped Beacon ETH (WBETH) Key Products & Features

• Compatibility: WBETH is compatible with various DeFi protocols on Ethereum and other blockchains.
• Security: WBETH is secured by Ethereum and Beacon Chain.
• Ease of Use: WBETH is easy to use and accessible to all users.

Also read: What is Ethereum (ETH) 2.0 and how is it different from Ethereum

What is WBETH Token?

The WBETH token is an ERC-20 token that is pegged 1:1 with staked ETH. These tokens are minted and burned by Lido Finance, a leading decentralized staking platform.

Tokenomic Token WHAT

• Circulating Supply: 787.481.67 WBETH
• Total Supply: 787.481.67 WHAT
• Max. Supply: 787.486.41 WHAT
• Market Cap: Rp. 38.21T (as of February 21, 2024)

Also read:

Analisis Fundamental Wrapped Beacon ETH (WBETH)

• Cutting-edge technology: WBETH uses cutting-edge Ethereum and Beacon Chain technology to offer security, scalability and fast transaction finality.
• Thriving community: Ethereum has a thriving community with over 1 million active users.
• Strong backing: WBETH is backed by several well-known investors in the blockchain industry, such as ParaFi Capital, Sequoia Capital, and Coinbase Ventures.

Comparison of Wrapped Beacon ETH (WBETH) & Competitors

Check Price :

Founder & Tim Wrapped Beacon ETH (WBETH)

• Lido Finance: A leading decentralized staking platform.

Expert Opinion About Wrapped Beacon ETH (WBETH)

• CoinShares: WBETH is an innovative token that opens up new opportunities for ETH stakers to earn additional yield and access DeFi.
• Messari: WBETH has the potential to become an important token in the DeFi ecosystem.

Conclusion

Wrapped Beacon ETH is an innovative token that allows users to leverage ETH staked in various DeFi protocols. With cutting-edge technology, a growing community, and strong support, WBETH has the potential to become an important token in the DeFi ecosystem.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What is Offline Staking? Read the review

What is Dash (DASH)? Fast, Safe and Affordable Digital Money

What is NEM (XEM)? Blockchain Platform for Business Solutions

What is SafePal (SFP)? Secure and Advanced Crypto Wallet for Beginners and DeFi Enthusiasts

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.