wbETH & cbETH

wbETH

Supported pairs: wbETH / ETH

Contract address: 0xa2E3356610840701BDf5611a53974510Ae27E2e1

WBETH is a liquid staking token, where 1 WBETH represents 1 ETH and the total staking rewards accrued by the ETH token on ETH Staking.

WBETH will allow users to obtain immediate liquidity and participate in DeFi projects, while ensuring their eligibility to receive the corresponding ETH Staking rewards accrued.

On-chain users can stake their ETH to obtain WBETH by interacting with the official smart contract provided by Binance. Binance users can wrap their BETH tokens to WBETH, and unwrap their WBETH to BETH tokens on the Binance ETH Staking page at zero fees.

cbETH

Supported pairs: cbETH / ETH

Contract address: 0xbe9895146f7af43049ca1c1ae358b0541ea49704

Coinbase Wrapped Staked ETH (“cbETH”) is a utility token that represents Ethereum 2 (ETH2), which is ETH staked through Coinbase. Coinbase customers can wrap their locked staked ETH to receive cbETH, which is an asset that can be traded, moved on-chain, and used in DeFi and other dapps.

cbETH is known as a liquid staking token because it allows holders to get the benefits of staking without lockups or unbonding periods.