Seamless one-click ETH 2.0 staking with minimal requirements and maximum returns. Your stake cannot be redeemed during the first phase, it may take more than 2 years. Binance tokenizes BETH as the only proof of your staked ETH in a 1:1 ratio.
We regularly distribute on-chain rewards to all participants based on their BETH position. The on-chain rewards will be distributed in the form of BETH to users' Spot accounts.
To be confirmed.
You can redeem your ETH once the first phase is complete and ETH 2.0 implements shard chains. Meanwhile, you can swap BETH to ETH on a 1:1 basis and receive the amount equivalent to your current BETH amount.
1. What is ETH2.0?
ETH 2.0 is the long-awaited upgrade to the Ethereum network that promises, among other things, to improve the network’s scalability, speed, efficiency, and sustainability without sacrificing security and decentralization. The ETH community aims to achieve this by rolling out several updates in three phases.
2. When can I redeem my staked ETH?
Staked ETH cannot be redeemed until Shard Chains are fully implemented. This means that your ETH will remain staked during Phase One until complete. However, Binance tokenizes BETH for users that represents your staked ETH on a 1:1 basis, to keep using your locked assets for trading and withdrawals. You can change BETH back to ETH when ETH 2.0 Phase One goes live, then you'll receive the amount of ETH equal to your current BETH holdings.
3. How is the APY calculated?
The APY isn't calculated by Binance. The whole staking process including staking rewards depends on the ETH network. The more ETH is staked, the lower the APY will be. We will redistribute 100% of all on-chain rewards to our users.
4. What is BETH, and how does it work?
BETH is a tokenized asset representing your staked ETH on a 1:1 basis. You can swap your staked ETH to BETH and leverage your earnings potential. BETH can do everything that ETH does, and you can use it for trading, withdrawals, etc. You can swap your BETH holdings back to ETH when ETH 2.0 mainnet goes live, and you'll receive ETH equal to your BETH holdings.
5. Where can I view my staking balance?
Your staked ETH balance can be viewed after logging in to your Binance account and navigating to the Spot wallet.
6. When can I receive my staking rewards?
The on-chain staking income will be distributed in the form of BETH to your Spot account on a daily basis. For example, if you choose to stake your ETH today, your BETH position will be calculated the next day, and the T day staking rewards will be distributed on the T+1 day.
7. Will I keep receiving BETH staking interest if I stake my BETH in Launchpool or other products?
BETH staking interest is calculated based on users' BETH positions in Binance Spot wallet, so there is no more staking income if their BETH are deposited in Launchpool or withdrawn to BSC projects.
8. Why do I receive BETH interest lower than the ETH chain APR?
Binance ETH 2.0 APY (Annualized Percentage Yield) is currently lower than ETH APR(Annualized Percentage Rate). Users are paid daily, and the compound yield is calculated according to your BETH holdings in Spot Wallet. Additionally, there is a queue for the activation of validators which requires the gas fee to be paid.