Details about Anchor bETH Token cryptocurrency
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https://anchorprotocol.com/
@anchor_protocol
Anchor bETH Token price charts
BETH exchanges
Anchor bETH Token, the crypto
Anchor bETH Token (BETH) is a cryptocurrency that represents staked Ethereum on the Beacon Chain. It is a synthetic representation of ETH that can be staked on the Ethereum 2.0 network.
The point
The main point of Anchor bETH Token (BETH) is to provide liquidity and flexibility to Ethereum stakers who want to earn rewards for securing the network without sacrificing the ability to use their staked ETH. BETH can be traded and used as collateral, giving stakers greater access to the benefits of the Ethereum ecosystem.
The problem
Before the creation of BETH, staked ETH was locked up and unavailable for use during the two-year staking period. This reduced the liquidity of the ETH market, hindering its adoption and growth potential. BETH solves this problem by creating a synthetic asset that allows stakers to gain exposure to the benefits of ETH while continuing to have access to their staked assets.
Compare BETH and BTC performance
| Timeframe | BETH | BTC |
|---|---|---|
| 1h change | 0 % | -0.234911 % |
| 24h change | 0 % | 1.25967 % |
| 7 day change | 0 % | -1.44157 % |
| 14 day change | 4.77 % | -9.47799 % |
| 30 day change | 17.64 % | -7.33786 % |
| 200 day change | 0 % | 129.168 % |
| Year change | -46.67 % | 129.33 % |