About ETH 2.0

Binance Staking – ETH 2.0
Secure to Stake. Easy to Use. Steady to Earn.

ETH2.0 is the next generation of Ethereum and uses proof-of-stake (PoS) to secure its network. PoS can generate staking income, but participating in ETH2.0 requires 32 ETH in staking and validator construction technology. In order to lower the threshold for users, Binance Staking provides users with a one-click staking service, and 100% on-chain staking income will be distributed to users.

ETH Staking
Lock-up period starts: December 01, 2020 12:00 (UTC). Staked funds cannot be redeemed.
Binance Staking is committed to providing users with one-click Locked Staking for worry-free ultra-high returns.Staking makes it easy to take part in Ethereum 2.0, while ensuring greater security and more steady returns.
The lock-up period is determined according to the development progress of ETH2.0, which may exceed two years and cannot be redeemed in advance. During the lock-up period, Binance provides you with BETH as the only lock-up token. You cannot view your assets in the spot account until you receive BETH in your spot account.
In the meantime, you can check your balance by going to the ETH 2.0 page.
On-chain rewards earned during the lock-up period are determined based on how much ETH you stake and the duration of the lock-up period. On-chain rewards will be recorded as BETH values.
In January, please stay tuned to our announcement.
In January 2021, your BETH will be distributed to your Spot account, and Binance will enable BETH withdrawal and trading features, for more details please stay tuned to our announcement.
Till ETH2.0 launches transfer feature, you will be able to redeem any staked ETH for BETH in a 1:1 ratio.Redemption will be determined based only on the amount of BETH you have available at the time, and is unrelated to the amount that you initially staked or exchanged.
FAQ
1. What is ETH2.0?
ETH2.0 is the next generation of Ethereum and uses proof-of-stake (PoS) to secure its network. PoS can generate staking income, but participating in ETH2.0 requires 32 ETH in staking and validator construction technology. In order to lower the threshold for users, Binance Staking provides users with a one-click staking service, and 100% on-chain staking income will be distributed to users.
2. Can I redeem my staked ETH in advance?
It does not support early redemption due to the ETH2.0 staking mechanism, all staked ETH will be locked in smart contract.
3. How is the Staking APY calculated?
Binance Staking ETH 2.0 service offers users the proxy validator in ETH2.0 staking. The estimated APY is 5%-20%, subjecting to actual on-chain staking benefit incomes. Binance pays for users to build validators, and bears the risk of on-chain penalty and forfeiture, and all on-chain profits will be distributed to users.
4. What is BETH? After staking my ETH, when can I receive my BETH?
BETH tokenizes that users have staked their ETH in a 1:1 ratio. Also, BETH brings users two rights, one is to redeem ETH in a 1:1 ratio when ETH2.0 Phase 1 goes live; the other is the staking benefit will be distributed to users according to their BETH holdings. BETH will be distributed to users’ Spot accounts on December 31.
5. Where can I view my staked ETH?
Currently, BETH can‘t be viewed in the wallet. It can only be viewed through the staked assets in the upper right corner of the ETH2.0 staking page. After the official BETH distribution starts, users will be able to view the BETH assets in the spot wallet.

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