BETH Binance ETH staking

BETH is a liquid staking token issued on the BNB Chain that represents Ethereum staked through the Binance exchange on a one-to-one basis. Each BETH token corresponds to a unit of ETH that a user has deposited into Binance's Ethereum staking program, and staking rewards are distributed to holders in the form of additional BETH on a daily basis. The token was created to address the liquidity constraints associated with Ethereum's staking process, during which deposited ETH is locked for an extended period that can span two years or more. Because users cannot withdraw their underlying ETH while it is locked, BETH can be traded on supported exchanges, most notably through the BETH/ETH trading pair offered by Binance. This allows holders to exit or rebalance their staking exposure without waiting for the lock-up to conclude. BETH belongs to the broader category of liquid staking tokens, a class of assets designed to provide transferable representations of staked cryptocurrency. As a product of the BNB Chain ecosystem, BETH integrates with the decentralized finance applications built on that network, enabling its use in additional on-chain activities beyond simple exchange trading.