Overview

Logo of Wrapped Beacon ETH

Wrapped Beacon ETH(WBETH)

Token Price$1,740

24h Change-0.58%

All Time HighAug 24, 2025$5,331

All Time LowApr 9, 2025$1,502

Key Metrics

Market Cap$5.855b

Fully Diluted Valuation$5.855b

Circ. Supply3.37m WBETH

Volume 24h$2.33m

CEX Volume$2.16m

DEX Volume$55,473

Risks

How much debt can be issued against WBETH as collateral across lending protocols.

Maximum possible exposure to WBETH

$53.62m

$45.33m (max additional borrows against WBETH) + $8.29m (bad debt if WBETH was hacked now)

Logo of Venus Core Pool

Venus Core Pool

$48.94m at-risk exposure = $6.38m bad debt if hacked + $42.56m additional borrowable against WBETH

Logo of Lista Lending

Lista Lending

$3.37m at-risk exposure = $1.86m bad debt if hacked + $1.51m additional borrowable against WBETH

Logo of Venus Flux

Venus Flux

$1.31m at-risk exposure = $48,670 bad debt if hacked + $1.27m additional borrowable against WBETH

Methodology and limitations

Showing collateral exposure for WBETH on BSC. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

  • These metrics describe lending exposure only and are not a full protocol risk rating.
  • This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
  • Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details

Each row is one protocol-chain exposure for WBETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol
Chain
Logo of Venus Core PoolVenus Core Pool
Logo of BSCBSC
wBETH0xa2e3356610840701bdf5611a53974510ae27e2e1
$42.56m$6.38m
Logo of Lista LendingLista Lending
Logo of BSCBSC
wBETH0xa2e3356610840701bdf5611a53974510ae27e2e1
$1.51m$1.86m
Logo of Venus FluxVenus Flux
Logo of BSCBSC
wBETH0xa2e3356610840701bdf5611a53974510ae27e2e1
$1.27m$48,670

Risk Timeline

Risk-management actions published about WBETH by tracked risk managers and governance contributors, newest first.

3 actions
risk managerLlama Riskllamarisk.com

Pricing Breaks: USDe Case During October 2025 Crash

WBETH traded 80-90% below redemption value on Binance during the crash, as the exchange's internal spot pricing fed into its oracle, amplifying liquidation cascades in cross-margin accounts.

contributor@ACIgovernance.aave.com

Onboard wbETH to Aave V3 BNB Chain

wbETH is one of the largest and most productive liquid staked ETH tokens on BNB Chain, serving as a premier collateral type that drives ETH borrow demand. Onboarding it enhances LST diversity and liquidity in the new Aave V3 BNB Chain deployment.

risk managerLlama Riskllamarisk.com

Asset Risk Assessment for Prisma Finance mkUSD

Binance's WBETH is scored for high counterparty risk due to centralized custody and regulatory scrutiny, balanced against its liquidity in ETH staking derivatives for mkUSD backing.

Markets

logo of defillama

Token Usage

An is required to view token usage.

Liquidations

An is required to view token liquidations.

Yields

Tracking 6 pools, average APY 1.29%

Pool
Project
Chain
30d APY Chart
WBETH🪂Logo of Binance staked ETHBinance staked ETH
Logo of Ethereum
$5.498b2.45%2.45%
2.48%
WBETH🪂Logo of Binance staked ETHBinance staked ETH
Logo of BSC
$330.27m2.45%2.45%
2.48%
WBETHLogo of Venus Core PoolVenus Core Pool
Logo of BSC
$15.81m0%0%
0%
WBETHLogo of Lista CDPLista CDP
Logo of BSC
$495,6750%
0%
BETHLogo of Venus Core PoolVenus Core Pool
Logo of BSC
$165,9490%0%
0%
WBETHLogo of Kinza FinanceKinza Finance
Logo of BSC
$45,6700.27%0.27%
0.27%

Borrow

Showing 10 of 66 routes

Pool
Project
Chain
WBETH ➞ SOLVBTCLogo of Kinza FinanceKinza Finance
Logo of BSC
$151.8m0.27%
0.27%
-0.01%70%$55,589$9,943
WBETH ➞ SOLVBTCLogo of Venus Core PoolVenus Core Pool
Logo of BSC
$151.8m0%
0%
-0.01%80%$16.02m$215,100
WBETH ➞ DOGELogo of Kinza FinanceKinza Finance
Logo of BSC
$5.78m0.27%
0.27%
0%70%$55,589$9,943
WBETH ➞ DOGELogo of Venus Core PoolVenus Core Pool
Logo of BSC
$5.78m0%
0%
0%80%$16.02m$215,100
WBETH ➞ UNILogo of Kinza FinanceKinza Finance
Logo of BSC
$5.69m0.19%
0.27%
-0.12%70%$55,589$9,943
WBETH ➞ UNILogo of Venus Core PoolVenus Core Pool
Logo of BSC
$5.69m-0.09%
0%
-0.12%80%$16.02m$215,100
WBETH ➞ BTCBLogo of Kinza FinanceKinza Finance
Logo of BSC
$1.11m0.09%
0.27%
-0.26%70%$55,589$9,943
WBETH ➞ TRXLogo of Kinza FinanceKinza Finance
Logo of BSC
$772,9800.27%
0.27%
0%70%$55,589$9,943
WBETH ➞ TRXLogo of Venus Core PoolVenus Core Pool
Logo of BSC
$772,9800%
0%
0%80%$16.02m$215,100
WBETH ➞ CAKELogo of Kinza FinanceKinza Finance
Logo of BSC
$70,842-0.03%
0.27%
-0.43%70%$55,589$9,943
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