Convert

bETH is a token representing your staked ETH (stETH) on Terra. Unlike stETH, your bETH balance remains constant with staking rewards to be claimed in the form of UST tokens – a stablecoin issued by the Terra protocol – on Anchor.

bETH is called webETH on Terra according to the convention used for Wormhole-bridged Terra assets.

To convert stETH to bETH, choose the amount of stETH to convert, input your Terra address, sign the stETH approval and conversion transactions and follow the onscreen instructions.

As a final step, you will be presented with a link to the Wormhole bridge UI. Follow this link to finish the process by claiming your bETH on Terra. The corresponding amount of Terra-side bETH (webETH) will be minted to the specified Terra address.

You can use your bETH to earn rewards on Anchor Protocol. A full guide is available here.

To claim your bETH staking rewards:

1. Visit app.anchorprotocol.com/bond/claim.
2. Select bETH from the drop-down list.
3. Connect your wallet.
4. Claim your rewards.

The rewards are claimable on the Terra side regardless of the chain your bETH are currently on. This means that even if you transferred your bETH from Terra to Ethereum, the rewards previously accrued by these tokens should still be claimed on the Terra side.

Please note that bETH doesn't accrue any rewards while on Ethereum. Convert bETH to stETH or transfer bETH to Terra using the Wormhole bridge to keep receiving rewards.

To transfer bETH from Terra to Ethereum:

1. Go to https://wormholebridge.com/#/transfer.
2. Select Terra as the source chain.
3. Select Ethereum as the target chain.
4. Press Connect button to connect your wallet.
5. Select bETH in the token list.
6. Specify the amount of bETH you want to convert.
7. Specify an externally-owned account you control as the destination Ethereum address.
8. Follow the instructions to complete the transfer.

Please note that bETH doesn't accrue staking rewards while on Ethereum. Convert bETH to stETH to keep receiving rewards.

To convert Terra bETH back to stETH:

1. If your bETH is on Terra, transfer it to an externally-owned Ethereum account you control. See the "How do I transfer bETH from Terra to Ethereum?" FAQ section.

2. Use this interface to convert the received Ethereum bETH to stETH.

bETH balance doesn't change daily with staking rewards as stETH does. Instead, bETH lets you claim staking rewards in the form of Terra UST. To do that, visit app.anchorprotocol.com/bond/claim and select bETH from the list.

The rewards are claimable on the Terra side regardless of the chain your bETH tokens currently reside in. This means that even if you transferred your bETH from Terra to Ethereum, the rewards previosly accrued by these tokens should still be claimed on the Terra side.

Please note that bETH doesn't accrue staking rewards while on Ethereum. Convert bETH to stETH or transfer bETH to Terra using the Wormhole bridge to keep receiving rewards.

This depends on the protocol so please consult documentation or contact Lido support. When you send your bETH to an external protocol, that protocol becomes the recipient of the staking rewards generated by the tokens. Some protocols may allow you to claim these rewards whilst others won’t.

Please note that bETH doesn't accrue staking rewards while on Ethereum. Convert bETH to stETH or transfer bETH to Terra using the Wormhole bridge to keep receiving rewards.