What is WETH?
WETH (WETH) is an innovative cryptocurrency that represents a wrapped version of Ethereum, allowing for seamless interaction with Ethereum-based decentralized applications. WETH is a version of ETH that has been "wrapped" in order to enable additional functionality. It is a token that is pegged to the price of the cryptocurrency ethereum.
WETH goals
The primary function of WETH is to serve as a bridge between ETH and ERC-20 tokens, thereby unlocking an array of use cases in DeFi applications. WETH can be staked or locked in liquidity pools to earn rewards, creating passive income opportunities, and is integrated with yield farming and staking platforms. WETH allows for seamless interaction with Ethereum-based decentralized applications.
WETH fondamentals
The number of token WETH is 3141164 WETH. The market cap of WETH is $10566828080.
Marketcap
$10.57B
Total number of WETH
3141164 WETH
WETH technology
WETH is an ERC-20 token. To wrap ETH and turn it into WETH, a user sends a specified amount of ETH to a decentralized smart contract that has been designed to create WETH. The process of wrapping Ethereum into a tokenized form allows it to seamlessly engage with DApps, DeFi protocols, and smart contracts on the Ethereum blockchain that require ERC-20 tokens.
WETH competitors
The founders of WETH are Amir Bandeali and Will Warren, who are also known for their work on the decentralized exchange protocol, 0x. WETH has a wider range of use cases, particularly in the Decentralized Finance (DeFi) ecosystem, which differentiates it from competitors.
WETH price history
Frequently asked questions
WETH is a wrapped version of ETH, pegged to the price of ETH.
The primary function of WETH is to serve as a bridge between ETH and ERC-20 tokens, thereby unlocking an array of use cases in DeFi applications.
No, unlike ETH, WETH cannot be used to pay gas fees.
Yes, WETH is compatible with various wallets and platforms, such as MetaMask and OpenSea.
WETH can be staked or locked in liquidity pools to earn rewards, creating passive income opportunities, and is integrated with yield farming and staking platforms.
The founders of WETH are Amir Bandeali and Will Warren.
WETH is an ERC-20 token.
To wrap ETH and turn it into WETH, a user sends a specified amount of ETH to a decentralized smart contract that has been designed to create WETH.
The price of WETH is $3366
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