Name: WETH
SKU: WETH
Price: 1821.463503547794 USD

WETH, or Wrapped Ether, is an ERC-20 token that represents Ethereum (ETH) on blockchain in a 1:1 ratio. It was created to solve the issue of ETH not being natively compatible with the ERC-20 standard, which is widely used in decentralized finance (DeFi) applications.<h2>Key features of WETH include:</h2><ol><li>Tokenization: WETH tokenizes ETH, making it compatible with DeFi protocols and smart contracts.</li><li>Interoperability: It allows users to trade ETH on decentralized exchanges (DEXs) that require ERC-20 tokens.</li><li>Value equivalence: 1 WETH is always equal to 1 ETH, maintained through a smart contract system.</li><li>Wrapping process: Users can convert ETH to WETH by sending ETH to a smart contract, which then mints an equivalent amount of WETH.</li><li>Unwrapping: WETH can be converted back to ETH by sending it to the smart contract, which burns the WETH and releases the equivalent ETH.</li></ol>

WETH

WETH, or Wrapped Ether, is an ERC-20 token that represents Ethereum (ETH) on blockchain in a 1:1 ratio.

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