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Wrapped Beacon ETH(WBETH)

Token Price$1,955

24h Change-4.37%

All Time HighAug 24, 2025$5,331

All Time LowApr 9, 2025$1,502

Key Metrics

Market Cap$6.579b

Fully Diluted Valuation$6.579b

Circ. Supply3.37m WBETH

Volume 24h$28.36m

CEX Volume$27.99m

DEX Volume$60,224

Risks

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

Maximum possible exposure to WBETH

$61.76m

$52.63m (max additional borrows against WBETH) + $9.14m (bad debt if WBETH was hacked now)

Venus Core Pool

$57.89m at-risk exposure = $8.83m bad debt if hacked + $49.05m additional borrowable against WBETH

Lista Lending

$2.2m at-risk exposure = $285,856 bad debt if hacked + $1.91m additional borrowable against WBETH

Venus Flux

$1.68m at-risk exposure = $16,748 bad debt if hacked + $1.66m 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
Venus Core Pool	BSC	wBETH0xa2e3356610840701bdf5611a53974510ae27e2e1	$49.05m	$8.83m
Lista Lending	BSC	wBETH0xa2e3356610840701bdf5611a53974510ae27e2e1	$1.91m	$285,856
Venus Flux	BSC	wBETH0xa2e3356610840701bdf5611a53974510ae27e2e1	$1.66m	$16,748

Risk Timeline

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

3 actions

risk managerLlama Riskllamarisk.com

7 months ago

→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

2 years ago

↑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

2 years ago

→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

Token Usage

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Liquidations

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Yields

Tracking 9 pools, average APY 1.12%

Pool	Project
open in new tab WBETH	🪂Binance staked ETH	$6.388b	2.50%	2.50%	2.48%
open in new tab WBETH	🪂Binance staked ETH	$383.64m	2.50%	2.50%	2.48%
open in new tab WBETH	Venus Core Pool	$18.72m	0%	0%	0%
open in new tab WBETH	Lista CDP	$577,057	0%		0%
open in new tab ASTER-WBETH1.00%	Uniswap V4	$218,233	0%	0%	0%
open in new tab BETH	Venus Core Pool	$186,043	0%	0%	0%
open in new tab WBETH	Kinza Finance	$53,680	0.27%	0.27%	0.27%
open in new tab WBETH-WETH0.05%	PancakeSwap AMM V3	$20,792	0.35%	0.35%	1.58%
open in new tab ETH-BETH40.00%	Uniswap V4	$11,461	0%	0%	0%

Borrow

Showing 10 of 66 routes

Pool	Project
open in new tabWBETH ➞ SOLVBTC	Kinza Finance	$168.88m	0.25%	0.27%	-0.03%	70%	$65,369	$11,714
open in new tabWBETH ➞ SOLVBTC	Venus Core Pool	$168.88m	-0.02%	0%	-0.03%	80%	$18.93m	$217,750
open in new tabWBETH ➞ DOGE	Kinza Finance	$6.61m	0.27%	0.27%	0%	70%	$65,369	$11,714
open in new tabWBETH ➞ DOGE	Venus Core Pool	$6.61m	0%	0%	0%	80%	$18.93m	$217,750
open in new tabWBETH ➞ UNI	Kinza Finance	$5.57m	0.19%	0.27%	-0.12%	70%	$65,369	$11,714
open in new tabWBETH ➞ UNI	Venus Core Pool	$5.57m	-0.09%	0%	-0.12%	80%	$18.93m	$217,750
open in new tabWBETH ➞ BTCB	Kinza Finance	$1.26m	-0.12%	0.27%	-0.56%	70%	$65,369	$11,714
open in new tabWBETH ➞ TRX	Kinza Finance	$842,415	0.27%	0.27%	0%	70%	$65,369	$11,714
open in new tabWBETH ➞ TRX	Venus Core Pool	$842,415	0%	0%	0%	80%	$18.93m	$217,750
open in new tabWBETH ➞ CAKE	Kinza Finance	$70,429	0.07%	0.27%	-0.29%	70%	$65,369	$11,714

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Overview