WETH

WETH

WETH on Sonic is backed 1:1 by ETH locked in the Sonic Gateway protocol on the Ethereum chain.

Risk Rating
Average
What is WETH?

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Information
Blockchain
  • Sonic
Info
  • Asset Type: ERC-20
Key Metrics
Risk Assessment
Average
Asset Strength

WETH is a large-cap, fully collateralized asset. This asset is exposed to the underlying risks of Sonic Gateway, a protocol rated as Watch out.

Dependencies

Sonic Gateway

Asset Tokenomics

WETH has an uncapped supply but has inflation control or burn mechanisms in place. WETH on Sonic is backed 1:1 by ETH locked in the Sonic Gateway protocol on the Ethereum chain.

Things to know about WETH

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yield?

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WETH Pools
Aave ETH Lending
WETH
0.1%
Yield
$40M
TVL
Risk
C
Protocol
Aave V3
Chain
Sonic
Details

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