B-Tokens

Intermediate
B-Tokens are Binance’s official name for a range of fully-collateralized wrapped tokens. Each B-Token offers a transportable version of an original asset on a different blockchain. Let’s look at a quick example. 
Imagine you hold ETH on Ethereum but want to take advantage of staking opportunities on BNB Smart Chain (BSC). You cannot stake your ETH in its current ERC-20 form, so you’ll need to bridge it to BSC with a compatible token standard. To do this, you’ll have to wrap your ETH and, in return, receive a BEP-2 or BEP-20 ETH B-Token that’s BSC compatible.  

Binance does this by taking your ETH and securely holding it as collateral. Your B-Token is minted 1:1 with the amount of ETH provided, and you can swap your B-Token back for the underlying collateral at any point, should you wish. This mechanism maintains a stable pegged price for the B-Token towards its underlying ETH collateral.

It’s important to note that B-Tokens are always fully collateralized. You can check our Proof of Collateral for B-Tokens page to see the current state of our B-Token collateral wallets. See our What Are Wrapped Tokens? Binance Academy article for more information on how token wrapping works.
Postları paylaşın
Əlaqəli lüğətlər
Hesabı qeydiyyatdan keçirin
Bu gün bir Binance hesabı açaraq biliklərinizi tətbiq edin.