WETH

About

WETH (Wrapped Ethereum) is a tokenized version of Ethereum (ETH) that facilitates seamless transactions on the Ethereum blockchain. Unlike ETH, which is the native currency of the Ethereum network, WETH is an ERC-20 token, making it compatible with decentralized applications (dApps) and smart contracts that require ERC-20 tokens. This compatibility is crucial for interacting with various decentralized finance (DeFi) platforms, where WETH can be used to provide liquidity, participate in decentralized exchanges, and serve as collateral for loans.