Binance ETH staking

BETH

BETH

Hello, now that the Shanghai upgrade is complete, I would like to convert my $BETH (+2,71 %) into ETH and move them to my ledger. Only apparently the convert is not yet unlocked? Does anyone know when it will be possible?

Thanks a lot!

I have something else in $BETH (+2,71 %) . I haven't really found much on the internet about when these are converted to ETH 2.0. In principle 6-12 months after merge. Does anyone have something more concrete?

Thanks a lot and have a good start into the week.

---- edit ----

Shanghai upgrade should go live in February/March.

Stake Rewards May

How to enter: https://app.getquin.com/activity/KIUJKokJqG

𝖡𝖤𝖳𝖧 - 𝖴𝗉𝖽𝖺𝗍𝖾

Let's have a quick update on staking on Binance.

For more context, see: https://app.getquin.com/activity/LLNxyCeneD

For me, the first reward came 2 days after I had the BETH in the account. Was then first unsure whether you have to exchange ETH 1:1 over the Stakepage itself. You do not have to. The information from when exactly you get the rewards I found a bit vague. But seems to be like other Binance offers that it is only counted from full days. Proportionally for the acquisition day there is nothing. The rewards come daily.

The APY I calculated myself, since this is not displayed. Come to about 4.8%

The time of the credit is not fixed, mostly between 9 and 11, outliers were once after 13 clock.

I find it a pity that you can not export the credit notes conveniently via csv. There is the option "generate all statements". This option can be exercised 4 times per month. So far I have simply copied the credit notes out as plain text and put them into table form via word processing. For tax purposes koinly seems quite good as the correctly calculated fiat value is recorded there.

Regarding entering on getquin: I will take 1x a month an approximate monthly average of the credit rate.

Select dividend.

Pieces = nominal amount Stake

Dividene Per Share = Rewards / Pieces

Then new entry, purchase the reward tokens with price at the time of the reward credit. If everything is done correctly, then the purchase cost is equal to the credit from the dividend entry.

Thanks to @stonksonlygodown for the tip with the correct booking on getquin.