WBETH is a staking token that represents ETH and allows users to access immediate liquidity and participate in DeFi projects. By staking their ETH, users can obtain WBETH and still be eligible to receive the corresponding ETH Staking rewards. On-chain users can interact with the official smart contract provided by Binance to stake their ETH and obtain WBETH. Binance users can wrap their BETH tokens to WBETH and unwrap WBETH to BETH tokens on the Binance ETH Staking page without any fees.