Binance launches Wrapped Beacon ETH, a token based on ETH staking

ChainCatcher message, Binance has launched a token called Wrapped Beacon ETH based on ETH staking, which represents 1 BETH and the total staking rewards accumulated by BETH tokens after 16:00 Beijing time on April 27, 2023. Binance stated that users will be able to wrap BETH into WBETH with zero fees after 16:00 Beijing time on April 27, 2023, with an initial exchange ratio of 1:1 between BETH and WBETH, which may change later. (source link)