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.
Smart contract technology that enables the exchange of one cryptocurrency for another without using central...
ERC-20 token representing Ether at a 1:1 ratio. It allows users to trade ETH to ERC-20 tokens on decentrali...
Wealthy investors that seek out opportunities to provide funding for entrepreneurs or start-up companies.