Wrapped Beacon ETH (WBETH) is a liquid staking token that represents 1 ETH and the total staking rewards accumulated on ETH Staking. It enables users to participate in DeFi projects while retaining their eligibility for ETH Staking rewards. WBETH is available on Binance, where users can wrap their BETH tokens in WBETH and unwrap the WBETH into BETH tokens free of charge.