BETH, the token bridge for Ethereum 2.0 stakers

2021.10.26 02:26 yokesh351 BETH, the token bridge for Ethereum 2.0 stakers

What is BETH (Ethereum 2.0)?
One of Binance's creations has been the BETH token, a curious token that allows creating a bridge between ETH 1.0 and ETH 2.0, in order to provide unique benefits to its holders. What is this token about? How does it work and how to get it? These are some of the questions that will be answered below:
The BETH token is the name given to the tokenized version of ETH that is staked within the Beacon Chain, hence its name, Beacon Ethereum (BETH). This token was created by Binance and works within the Binance Smart Chain (BSC, as BEP-20 token). The idea is that the token works as a bridge between ETH 1.0 and ETH 2.0, allowing people to introduce staking ETH to the ETH 2.0 network, and earn commissions that are later received as BETH tokens.
Thus, this bridge allows people to introduce ETH, and in case they wish to withdraw it, they can do so by means of BETH tokens, which are then transformed to ETH on the ETH 1.0 network. At this point you will ask yourself, why not make the withdrawal directly from ETH 2.0? The answer to this is; because it is not possible. The ETH 2.0 staking contract only works one way. That is, you can take ETH from 1.0 to 2.0, but you cannot do the reverse process. In other words, once you have ETH staking at 2.0, you will not be able to withdraw it until now when ETH 2.0 is not the main ETH network.
With this limitation, BETH solves the problem by creating a "reflection" of that ETH in staking on the side of ETH 1.0, thus being able to exchange, and greater flexibility when trading with staking within ETH 2.0.
How can I use BETH? As we mentioned, BETH is a development of Binance so the best space to use it is this exchange. However, other exchanges also offer the possibility of using it as a bridge for their own pools.
The functionality of BETH is quite simple:

  1. You enter Binance and by choosing to participate in ETH 2.0 staking, you prepare your ETH.
  2. You make the deposit of ETH, and the system is responsible for sending it in batches of 32 ETH to the smart staking contract of the Beacon Chain.
  3. For every ETH deposited you receive the same amount of BETH, blocked on behalf of your ETH in staking, and you start receiving rewards according to your level of participation in the pool.
The good thing about this system, as we mentioned, is that your participation in the pool generates the same rewards as ETH 2.0, but it does so on the side of ETH1.0, so if the staker wishes to withdraw his profits, he can do so. You can even use those earnings to inject liquidity into other projects (like Launchpool's) or Binance's Liquid Swaps, providing additional trading flexibility.
Another way to use BETH is on DeFi platforms such as Venus, where the token can be used as collateral to borrow or inject liquidity, making a profit from it. The same is repeated for example in the PanckaSwap pools, where the token can be used to receive rewards.
BETH and ETH Why the difference in value? Now, at the beginning we mentioned that Binance development offers for each ETH in staking, 1 BETH. Does this mean that BETH is a 1: 1 pegged token with ETH? And if so , why is there a difference between the prices of both tokens? Before continuing, look at the following screenshots about the value of ETH and BETH. The price difference is quite marked, but this has a simple explanation: BETH and ETH are different tokens and there is no real 1: 1 relationship between them. We could even say that this difference is the price to pay for the possibilities offered by BETH. After all, if you made a staking deposit in real ETH 2.0, you would have to say goodbye to 32 ETH in that network, and that you have the possibility to do so, receive the rewards, and use those rewards in other spaces, it is something that few can offer you , with a small cost.
Additionally, there are also other factors that influence the price of BETH, among which we find:
  1. Binance centralizes all that staking ETH in nodes that are its own.
  2. Binance can unilaterally change the BETH relationship, which would lead to their devaluation. Although it has not happened, it is an additional risk and therefore the price is lower.
  3. The token is limited to being used in BSC and that limits the possibilities of the token.
If anything, the BETH token is a great idea and the trust gained by Binance has paid off. Especially when maintaining a token of these characteristics with a price of such magnitude.
However, every day the launch of ETH 2.0 is getting closer and with it will come the end of this token. And although in the end it will have provided unique advantages to its holders, they will claim their ETH in the new Ethereum PoS. All this in order to continue using the second largest cryptocurrency in the crypto world.
submitted by yokesh351 to cryptocurrencynews [link] [comments]

2021.10.26 02:26 Classic-Cabinet-8144 Man why don't they look like that?! They still look 14-16 to me, but they are 24 and 25 so it seems it's too late.

Man why don't they look like that?! They still look 14-16 to me, but they are 24 and 25 so it seems it's too late. submitted by Classic-Cabinet-8144 to Kingdom [link] [comments]

2021.10.26 02:26 Candid_Attention_124 Is beta decay a tunnelling process?

So from what I understand, beta decay involves an up quark converting to a down quark, electron and electron neutrino with a w boson intermediate, which is heavier than the up quark itself
I've seen many invoke the time-energy uncertainty principle when explaining this, but I can't really fathom that uncertainty would allow for a violation of the law of conservation of energy. Would this have something to do with the W boson being a virtual particle?
This leads me to believe that it is a type of quantum tunnelling, but I have been unable to find anything that explicitly states this
On a related note, I always assumed that the reason alpha decay is (usually) so slow is because it was a quantum tunnelling process, so beta decay being quantum tunnelling would mean that was wrong. But I also heard that preformation had to be considered in quantum tunnelling, which would explain it. Is this right
Please note that I am not a physicist, so I know very little about this subject
submitted by Candid_Attention_124 to AskPhysics [link] [comments]

2021.10.26 02:26 ItzRoachieTownship VR is amazing, Pavlov in South Park

VR is amazing, Pavlov in South Park submitted by ItzRoachieTownship to virtualreality [link] [comments]

2021.10.26 02:26 TheSlayerOfHentai Which was better

View Poll
submitted by TheSlayerOfHentai to RandomQuestion [link] [comments]

2021.10.26 02:26 dispiritednucleus Do I tell her I was almost the other women?

To start…..I didn’t know he was engaged. He was on active duty in my city and we happened to run into each other. He approached me. He asked for my number. He came and met my friends and he promised to take me sailing and star gazing. He texted me good morning and good night and learned phrases from my native language to whisper in my ear. I wasn’t as interested, I had just gotten out of a long and serious relationship and was looking more for self love then love itself. So ultimately nothing ever happened. I did notice that while he added me on snap he never had me on Instagram, and he’d randomly say that he had to go see his family in Orlando even though they lived in a city other than that. We’ll come to find out (a year later and we’re not longer in touch Bc I had my suspicions I was a side fling) he has been in a long relationship and they are about to get married. I almost want to reach out just so she knows, that’s who you’re about to build your future with. But also maybe things are better left alone and unsaid. Who knows? Any thoughts? For reference I’m 22f, 21 at the time he was slightly older but I honestly couldn’t even tell you his age, 24 maybe? Like I said, brief and terribly one sided
submitted by dispiritednucleus to relationship_advice [link] [comments]

2021.10.26 02:26 Jamo_21 LKE, our green machine

LKE, our green machine submitted by Jamo_21 to ASX_Bets [link] [comments]

2021.10.26 02:26 ram_samudrala What do people think of BRKA/BRKB?

In terms of future growth and having a solid "foundation stock", and in terms of beating the S&P 500 going forward in the next decade or two (Buffett long term reputation, seems prepared for the market tanking, etc.)?
Like everything it seems overpriced but its P/E doesn't seem that bad. I know it's not as exciting as TSLA, etc. but I have some spare cash sitting in the sidelines burning a hole on my screen and I'm wondering what to do invest it. I foolishly put some of it into bond funds last year (thinking bonds yields and bond prices would behave similarly, i.e., I knew "bonds would go up" as interest rates rose but that is referring to yields, not prices in an actively traded market of past bonds). Down 2% but still waiting to come back. I will put some in into the standard indices (S&P 500, NASDAQ) mostly 1x, a small portion 3x, but otherwise thinking of other things I could invest in.
submitted by ram_samudrala to stocks [link] [comments]

2021.10.26 02:26 hkfieosnbfie F murphy

This is terrible to say but Murphy is the most annoying person in the entire world. I hope she dies
submitted by hkfieosnbfie to InTheDarkCW [link] [comments]

2021.10.26 02:26 KaneTheSheep If Story Adultery was a real crime...

I would be in jail for several lifetimes
submitted by KaneTheSheep to FanFiction [link] [comments]

2021.10.26 02:26 gaeruot Suggestions for better weatherproofing old window?

Renting a 1900-1910 era apartment with all original details. Most of the hardwood has been painted besides two windows in the living room.
We had a very rainy week and I noticed the middle piece of wood (the one the lock sash is on) becoming waterlogged. It wasn’t a leak but like the wood was soaking up the water from the outside like a sponge.
I want to try to address the issue myself because the landlord will probably just want to replace the whole window. I want to try to maintain all the period charm of this place if possible. Any ideas?
submitted by gaeruot to Oldhouses [link] [comments]

2021.10.26 02:26 trapmaster5 Its one of those days huh?

Its one of those days huh?
anyone know how to fix this?
submitted by trapmaster5 to 2007scape [link] [comments]

2021.10.26 02:26 gayy_venus I wish people would stop saying I need social interaction. I’m fine being a loner

Like can I just be a goddamn loner in peace? What’s the appeal of being social anyway? Being social sucks. It’s physically and mentally draining. I have such severe trauma from social interactions that it’s just not worth it anymore. I’m an introvert, deal with it. I just don’t wanna converse, okay? Just leave me be for once.
submitted by gayy_venus to Vent [link] [comments]

2021.10.26 02:26 ljay246 Club pro + bass boost EQ setting

Hi guys,
I just got some club pro + earbuds and they sound so much better than my first gen AirPods. Anyway I’ve never used and EQ and have the app and was wondering if anyone had a nice bass boost EQ they could share.
submitted by ljay246 to JBL [link] [comments]

2021.10.26 02:26 Many-Ad4736 Looking for a manager

Good day Managers! I am looking for scholarship. Hard working and willing to dedicate my time playing axie everyday.
Name:Julius Garcia Age: 21 Gender: Male Location:Philippines Civil Status: Single Nationality: Filipino Device: AndroidPhone Connection: Mobile Data/Wifi Average SLP per day: 150-200
TELEGRAM:Julius Garcia
How many hours per day can you dedicate to playing Axie: I can play 8-10 hours a day.
Do you already have experience playing Axie Infinity: None, but i am willing to learn, research about Axie mechanics and to be educate and im a fast learner too.
Gaming Experience: Call Of Duty Mobile, Clash Of Clans, Mobile legends
Why should you hire me? - In this time of pandemic I'm looking for alternatives to help my family to support them in our financial needs and to pay bills while doing my passion of gaming I hope you'll give me a chance to be one of your scholars and I assure you that I will put my best and effort on it. Thank You!
submitted by Many-Ad4736 to AxieScholarshipsGroup [link] [comments]

2021.10.26 02:26 Consistent_Garden787 do I have green or blue eyes I will never know 😭😭

do I have green or blue eyes I will never know 😭😭 submitted by Consistent_Garden787 to eyes [link] [comments]

2021.10.26 02:26 alternateAccount1765 How do I check my seed phrase for my Brave browser?

Hey all. I had posted this as a comment sometime ago but I didn't get much help, so I'm making this post.
I was going thru all my seed phrases and I realized that I do not have a seed phrase for my brave browser wallet. I have linked my wallet from my laptop browser to an uphold account (havent connected a bank account to uphold yet) and yesterday I just reauthorized brave with uphold too.
I have the password for my uphold account safely stored. I just am expecting a full laptop makeover and I dont want to lose any funds that have not been redeemed yet. Usually every month first week my bat balance gets transferred to uphold. But it would really give me some comfort to know if there is a way to recover my seed phrase for both laptop and mobile wallets.
I vaguely remember adding my phone and my browser wallets in the same sync chain using the seed phrase but this was some months ago and I don't think I noted my seed phrase down at that time. Is that the one I should be using?
Also, is it possible to link my mobile browser wallet to my uphold wallet too? I don't really see any settings option for this
submitted by alternateAccount1765 to CryptoCurrency [link] [comments]

2021.10.26 02:26 Airplaneguy2019 Thousands were expected at Denver Intl Airport food service job fair, only 100 show up

Thousands were expected at Denver Intl Airport food service job fair, only 100 show up submitted by Airplaneguy2019 to antiwork [link] [comments]

2021.10.26 02:26 GlutenFreeTurbo Black Halos. [Poetry¿?]

Black Halos.
I can’t watch the sky anymore. Everything in it teases, and taunts. Insults cast at the filthy form below. Feathers fluttering with angelic honesty.
I could lend a lifetime watching weightless gulls suspend over surf.
I would spend seasons seeing sparrows spin and swirl.
I should venture centuries watching vultures circle.
I had a dream about them once, Over me. Brilliant Black Halos spiralling high, signalling way for weary soul, bound by rot below.
Hooked heads beat the bars. This grey cell, left to bare. A prison torn asunder.
Giving wings to every wound left by the living. Stripping sins 'way till skeleton sleeps sound. Ground down to time's marrow.
Forgotten from family and kin. Remembered only.
By gulls, By sparrows, By Black Halos.
submitted by GlutenFreeTurbo to infp [link] [comments]

2021.10.26 02:26 JustinJF7 23, Looking for big dicks to trade with me and my small dick 😊 Add me if you're interested @idk.alright

submitted by JustinJF7 to gayasians [link] [comments]

2021.10.26 02:26 the-pick4u Will GNUS be doing NFTs? Big news coming on Wednesday. We will see.

submitted by the-pick4u to ethereum [link] [comments]

2021.10.26 02:26 cumbetweenmytoesmmmm i may be a dumbass

but i’m also ugly
submitted by cumbetweenmytoesmmmm to teenagersbutpog [link] [comments]

2021.10.26 02:26 omarlittlejunior 🤤😫😫

🤤😫😫 submitted by omarlittlejunior to Ericadixon [link] [comments]

2021.10.26 02:26 NorthCatalyst mac os x lion cannot download additional components

Just bought a used 2011 Macbook Air on marketplace, and I am trying to do a fresh install of Mac OS X Lion (Assuming that is the right one because that's what it prompted first) But all I ever get is "Cannot download additional componets"
I've followed tons of videos and website blogs on how to fix it in the computer, with a bootable drive, erasing partitions/drives- you name it. Another thing I've noticed is that whenever I go to start the reinstall (Knowing it won't work) it *always* says "-2,000,000,000 hours left"
Does anyone know anyway to fix this? I'm open to any suggestion other than "Get a new one/newer one"
submitted by NorthCatalyst to applehelp [link] [comments]

2021.10.26 02:26 originform UFS/UFT

UFS/UFT submitted by originform to BSTsquishmallow [link] [comments]