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Wrapped Beacon ETH ("WBETH") is a wrapped form of BETH. As a reward-bearing asset, WBETH doesn’t increase in quantity-instead, it rises in value relative to BETH by accumulating ETH2.0 staking rewards. Unlike BETH, WBETH’s value can grow even though it isn’t stored in the Binance Spot Wallet. This lets WBETH offer double yield potential: (i) you can hold it to receive staking rewards, and (ii) you can use it on-chain to pursue DeFi and other dapp opportunities.
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