Binance Academy
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What Is Wrapped Ether (WETH) And How To Create It?
In brief
Wrapped Ether (WETH) is a token tied to Ether (ETH). WETH is used in several platforms and DApps that support ERC-20 tokens. Although ETH is used to pay network transaction fees, it does not have the same functionality as ERC-20 tokens.
You can easily convert ETH to WETH through a process called wrapping. You can also convert WETH back to ETH at any time. Both wrapping and unwrapping follow a 1:1 ratio, meaning there are no additional costs other than transaction fees.
Wrapped Ether (WETH) is a token tied to Ether (ETH). WETH is used in several platforms and DApps that support ERC-20 tokens. Although ETH is used to pay network transaction fees, it does not have the same functionality as ERC-20 tokens.
You can easily convert ETH to WETH through a process called wrapping. You can also convert WETH back to ETH at any time. Both wrapping and unwrapping follow a 1:1 ratio, meaning there are no additional costs other than transaction fees.
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