Wrapped Beacon ETH

Halal Rating :
Uncomfortable
Last Price $3,219.65 Last updated:
Rank 208
1D Change -0.28 %
Market Cap $2.89b
Circulating supply 896,339
Maximum supply 896,474

Crypto Overview

Categories
  • Staking
  • Ethereum Ecosystem
  • BNB Smart Chain
  • Liquid Staking Derivatives

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.

Crypto Impact

To assign a comfort level investing in Wrapped Beacon ETH from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Wrapped Beacon ETH.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating