This is a brief reminder for those who stake their ETH on Binance. As you all know, we can stake our ETH on the new PoS chain for nearly 2 years (It is approximately 1 year and 9 months at the time of writing.) There are articles about this topic that may take your interest
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If you are going to stake your ETH on Binance. Do not use ETH 2.0 under the "Earn" Menu. Because if you go through with this, Binance will issue you BETH tokens 1:1 ratio of your ETH. It may seem logical but Binance distributes ETH2.0 staking rewards by taking account of your BETH holdings. So the more BETH in your account the more staking rewards you get.
The reminder is there is a BETH/ETH pair on Binance and it is less than 1.
At the time of writing, it is 0.96
This means you can procure more BETH if you use spot trading BETH/ETH pair. This means you can have more BETH thus more staking rewards daily.
For example, you have 10 ETH. If you use ETH 2.0 under the "Earn" Menu you will get 10BETH in your spot account and your rewards will be accordingly.
But instead, if you use BETH/ETH spot trading pair you will get ~10.4167 BETH and you will get more staking rewards as well as more BETH.
Keep in mind that Binance will issue you ETH 1:1 ratio of your BETH account after the merge. So the more BETH you have in your account, the more ETH you will get after the merge.
By using BETH / ETH trading pair you will both receive more BETH and more staking rewards.
Don't be taken unawares. This is your hard-earned money.
Thank you for reading. I hope, you enjoyed it and/or it helped you somehow.
Have a nice day :)
