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Dec 2

Could Wrapped Tokens Like WETH Be (forced) Insolvent?

People are joking around the seeming depegging of WETH. The wrapped ETH token contract, the most simple and fundamental contract in the Ethereum ecosystem, is used in almost every DeFi protocol. If the depegging happens, the empire of Ethereum will collapse. Trust me, the depegging of WETH is the last thing you should worry about in Ethereum. Because when that happens, both your ETH and WETH would be worthless. Will we see the doomsday of Ethereum? What if a catastrophic vulnerability is disc...

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