Wrapped Beacon ETH (WBETH)
by Binance — https://www.binance.com/en/eth2
Binance liquid staking token. Value-accruing, 1 WBETH = 1 staked ETH + rewards since April 2023. Completely centralized with unclear ownership structure. No Ethereum mainnet oracle support limits DeFi composability. 10% fee on rewards.
Current Stats (Feb 27)
TVL
$6,679,313,363
Peg
+0.008%
APY (rolling averages)
2.70%
30d
30d
2.65%
60d
60d
2.61%
90d
90d
2.69%
1y
1y
Exchange Rate
1.091745
APY History
Peg Deviation
TVL Over Time
Exit Slippage Over Time
DEX Slippage by Trade Size
Exit Quote Details
| Trade Size | ETH Received | Slippage | Best Route |
|---|---|---|---|
| 1 ETH | 1.0003 ETH | 8.37% | Curve |
| 10 ETH | 1.0397 ETH | 90.48% | Curve |
| 100 ETH | 1.0399 ETH | 99.05% | Curve |
| 1000 ETH | 1.0399 ETH | 99.90% | Curve |
Token Attributes
| Type | Value-Accruing Price appreciates over time |
| Proof of Reserves |
Centralized
No reliable Ethereum mainnet price feed oracle. Only has price feeds on BNB Chain via Chainlink and Binance Oracle. Significant gap for DeFi integration on Ethereum mainnet, limiting composability with lending protocols. |
| Yield Forwarding | No |
| Decentralization | Centralized |
| Contract | 0xa2E3356610840701BDf5611a53974510Ae27E2e1 |
Fees & Withdrawals
| Performance Fee | 10.0% of staking rewards |
| Mint Fee | 0% |
| Redemption Fee | 0% |
| Withdrawal |
Queue Only
Completely custodial redemption through Binance. Timing and conditions subject to Binance terms of service. No permissionless on-chain withdrawal mechanism. |
| Exit Slippage |
1 ETH: 8.4%
10: 90.5%
100: 99.0%
1000: 99.9%
Best route (100Ξ): Curve |