What is WETH

approximation@newsletter.paragraph.com (approximation) — Sun, 29 Dec 2024 09:34:05 GMT

"WETH" converts ETH into ERC-20 tokens equivalent to ETH through a process called wrapping. This enables ETH to be used more flexibly in a variety of applications and protocols in the Ethereum ecosystem. Its emergence solves the problem of ETH's incompatibility with the ERC-20 standard and promotes the interoperability and development of the Ethereum ecosystem.