PancakeSwap Launches Liquid Staking Integration with Binance Earn – Stake ETH and Receive WBETH to Earn ETH Staking Rewards
PancakeSwap has partnered with Binance Earn to offer liquid staking integration for the WBETH (Wrapped Beacon Ethereum) token. This integration allows users to easily convert and swap ETH to WBETH while still earning staking rewards. Liquid staking provides flexibility and access to funds for other uses while staking, and WBETH serves as a representative token for staked ETH and its rewards. WBETH can be used on both Ethereum and the BNB Chain, offering a competitive redemption fee on staked rewards. PancakeSwap’s integration provides seamless conversion from ETH to WBETH, farming rewards, and the ability to participate in various DeFi projects while earning staking rewards. Additionally, users can swap WBETH back to ETH through PancakeSwap’s dedicated liquidity pool….