HTS-WETH

HTS WETH

Hedera › SaucerSwap0.0.9770617

Unclaimed: no project team has verified this token on Hedex yet. Logo and details come from SaucerSwap.

Wrapped ETH (wETH) is an ERC-20 token that represents ETH and is pegged 1:1 to the value of ETH. It can be used to interact with DeFi protocols and applications whereas ETH on Ethereum by itself, cannot be used in many dApps. WETH operates via a simple smart contract that locks ETH and mints an equivalent amount of WETH. The process is reversible, ensuring a 1:1 peg. Unlike algorithmic stablecoins, WETH’s value is directly backed by ETH reserves, eliminating volatility risks beyond ETH’s own price movements.