Cryptocurrency exchange Binance has announced the launch of the Ethereum 2.0 stake. The service will be available from December 2.
Users participating in the stack will receive BETH tokens, where 1 ETH = 1 BETH. Rewards will be distributed daily.
The minimum threshold for participation in stake is 0.0001 ETH. The annual yield range is 5-20%.
“BETH will allow users to receive ETH in a 1:1 ratio when phase 1 of ETH 2.0 is launched,” the company said.
In the future, BETH will be available for trading in conjunction with ETH.
Stackable assets will be blocked for approximately two years. Binance promised to cover the validator’s operating costs for users and the risks of fines.
Verified users will receive additional rewards in the BNB exchange token. The amounts will correspond to the amount earned on the BETH stack at the BNB/ETH pair rate.
Earlier, the bitcoin exchange Coinbase announced that it would support ETH2 through staking and trading. The ability to exchange the old version of tokens for a new one will appear in early 2021, but ETH2 coins will be blocked until phase 1.5.
Recall that on December 1, the launch of the zero phases of the second version of Ethereum 2.0 took place.