For those who do not have 32 ETH on their balance, Binance has prepared a similar program for staking
https://www.binance.com/en/eth2 But we must remember that the more ethereum is used in staking, the lower the APY. But I am repelled from such staking by the lack of an opportunity to sell coins at high and buy at a low price.
Is Binance pooling users ETH together to come up with 32 ETH batches and then setting up validators for them? Is this how it works?
What cut is Binance taking from the gains?
We will redistribute 100% of all on-chain rewards to our users.
If they return 100%, what benefit does Binance get from this?
The on-chain staking income will be distributed in the form of BETH to your Spot account on a daily basis.
Additionally, you can get the rewards immediately rather than waiting the ~2 years that are required if you stake directly with ethereum.org.
I don't understand how this can be good for Binance. What is the catch?