Binance Launches WBETH Staking for EIGEN Rewards

Binance has introduced a new staking feature for Wrapped Beacon ETH (WBETH) through its integration with EigenLayer. This development, announced on March 25, 2025, allows users to earn rewards in the native EigenLayer token, EIGEN, via the Binance Earn platform. WBETH is a liquid staking token that represents 1 ETH along with all the accumulated ETH staking rewards, offering users the flexibility to participate in decentralized finance (DeFi) projects while still being eligible for Ether staking rewards.

The integration of WBETH into Binance’s On-Chain Yields feature enables users to tap into the EigenLayer protocol for rewards. This means stakers can earn EIGEN tokens while still accruing on-chain rewards from their staked ETH. The service is set to launch on March 25, 2025, at 10:00 UTC, allowing users to start earning on-chain rewards immediately. To participate, users need to subscribe to the WBETH On-Chain Yields product, accessible on the Binance platform’s Earn section. Rewards accrue from the day after subscription and depend on the amount of staked WBETH.

Users can earn two types of rewards when they participate in EigenLayer WBETH staking. The first type is WBETH rewards, which accrue from holding WBETH and represent the user’s staked ETH as well as any staking rewards. These rewards do not land into the user’s spot account but increase the staker’s WBETH value. The second type of reward is EigenLayer rewards, distributed in native EIGEN tokens. These rewards are recorded daily from 00:00 UTC and distributed at the end of the staking period.

This move by Binance positions it as a key player in bridging traditional staking with DeFi innovation. By offering users a seamless way to manage their crypto, NFT, and DeFi assets from a single platform, Binance is likely to drive further adoption of WBETH and enhance the Ethereum staking ecosystem. The integration of EigenLayer with Binance's staking service marks a significant development in the DeFi space, providing users with a more accessible and secure way to participate in staking. This strategic move is expected to attract a broader range of users to the Binance platform, enhancing user engagement and retention by offering a new way to generate passive income within the Binance ecosystem.