Stake $BETH on Beefy.finance Binance Smart Chain

YR2150 | Beefy Pulse
3 min readJan 18, 2021

BETH is a tokenized asset representing your staked ETH on a 1:1 basis. This token has two features: When ETH 2.0 goes live, users can swap BETH to ETH at a 1:1 ratio. Binance distributes BETH rewards to users’ spot accounts daily according to users’ BETH position.

To start staking BETH on the Binance Smart Chain you either need to withdraw your existing BETH from Binance to BSC wallet or just use your BNB to purchase it from BakerySwap.

Head to Bakery Swap on your smartphone or web:

Bakery Swap DEX

Now that you have purchased you BETH form Bakery Swap, you can head to Beefy.finance to stake it to automated vault.

Beefy’s landing page

Launch the app. Make sure that you only visit beefy.finance

Make sure you are visiting beefy.finance

Connect your wallet by pressing “wallet” button.

Beefy.finance supports most of the popular crypto wallets.

I use metamask

Now that you logged in use filtration to find BETH Vault

Currently APY stands at 14.89%

You can see my Balance is 0.01 BETH (This is what I have purchased on Bakery Swap)

Now that I am ready do deposit my BETH, I just click on the Vault and select “Deposit All”

First time users will have to approve Vault first.

Confirm transaction

Metamask

And just like that I now have my BETH staked

Deposit

To track your return head to https://www.yieldwatch.net/ and paste your wallet address

Yieldwatch tracker

Now sit back and watch your investment grow every few hours

Thanks

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