What is 'Wrapped ETH (WETH)'?

What exactly is Wrapped ETH (WETH)? This token represents Ethereum in a wrapped format, allowing it to be used seamlessly on decentralized exchanges and in smart contracts. WETH maintains a 1:1 peg with ETH, enabling users to trade and interact with various DeFi applications while retaining the value of their original Ether.

#Crypto FAQ

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