What is BETH and how to use it?
Wael Sabra
A plain-English guide to wrapped and staked tokens like BETH, and the risks to know about.
BETH is a token that represents ether staked on a network, letting you hold a tradable claim to staked coins while they earn rewards.
In practice you deposit ether on a supported exchange, which stakes it and gives you BETH one-to-one. You can hold it to collect staking rewards, trade it, or in some cases use it as collateral.
The catch: BETH can trade below the value of ether, and you rely on the platform that issued it. Read the terms, understand withdrawal rules and never stake more than you can afford to lock up.