Wrapped Ether (PoS Polygon)

ETH

WETH (PoS Polygon) is a bridged version of ETH on Polygon. ETH is the native currency of the Ethereum chain used for gas fees and security.

Risk Rating
Best
$3,153.81
1.16%
Summary
What we like
ETH is expected to transition this September to a Proof-of-Stake (PoS) consensus mechanism, which is expected to bring with it drastic improvements in scalability, an increase in staking yield, lower carbon footprint, and reduced ETH supply.
What we like less
ETH transferred through the Polygon PoS bridge requires more trust assumptions as the bridge depends on external validators.
What it means for you
ETH represents one of the most liquid assets available to be used for lending, market making and staking.

Ready to earn 15% yield or more with Exponential ?

Information
Blockchain
  • Polygon
Key Metrics
  • Fully Diluted Valluation: $9.7B
  • Total Supply: 3,071,354
  • Volume (24H): $1.2B
  • ATH: $4,863.70 (11/10/2021)
  • ATL: $0.00 (10/28/2020)
Risk Assessment
Best
Asset Strength

ETH is a large-cap asset that represents the protocol`s native governance or utility token. This asset is exposed to the underlying risks of Polygon PoS bridge, a protocol rated as Watch out.

Asset Tokenomics

ETH has an uncapped supply but has inflation control or burn mechanisms in place. WETH on Polygon is backed 1:1 by ETH locked in the Polygon PoS bridge protocol on the Ethereum chain. ETH is "wrapped" to make it compatible with DeFi smart contracts. 1 Wrapped ETH is always equal to 1 ETH.

Asset Volatility

ETH is highly correlated to the overall market.

Dependencies

Polygon PoS Bridge

Things to know about WETH

What is the difference between Ether and Ethereum?

Ether can be thought of as the "fuel" or gas fee that powers the Ethereum network. Ethereum refers to the actual blockchain technology or smart contract platform that underpins Ether. Whenever you send ETH or use an Ethereum application, you must pay a fee in ETH to use the network. This fee acts as an incentive for a block producer to process and verify your transaction.

Why does Ether have intrinsic value?

Ether serves two main purposes: one as a gas fee to transact on the Ethereum network and second as a speculative store of value. Currently, Ethereum users pay the transaction fees in ETH and ETH holders bear the cost of inflation from miner block rewards. In the absence of speculation, ETH holders are betting that demand for ETH from users of decentralized applications (dApps) outpaces the rate of inflation via block rewards. The second purpose comes from its monetary premium as a non-sovereign store of value. With the transition to ETH 2.0 and recent changes to its monetary policy (EIP-1559), ETH is expected to better compete with BTC as a monetary asset given its scarcity, durability and censorship-resistant qualities.

What is Ether used for?

Ether is used within the Ethereum ecosystem to perform a range of functions, including its native use as a gas fee to transact on the network, use as collateral for DeFi lending applications (to be lent or borrowed), use as medium of exchange for alternative crypto assets and non-fungible tokens (NFTs), acceptance in select retailers and service providers, and lastly, earned as reward for completing bounties. Additionally, in ETH 2.0, users will also be able to lock their ETH by becoming a validator to help secure the network in exchange for block rewards and transaction fees.

Ready to
earn 15%+
yield?

Start earningarrow_forward
WETH Pools
Beefy Tricrypto Market Making
2.2%
Yield
$3M
TVL
Risk
D
Protocol
Beefy
Chain
Polygon
Gamma BTC-ETH Market Making
17.3%
Yield
$2M
TVL
Risk
D
Protocol
Gamma
Chain
Polygon
Beefy BTC-ETH Market Making
20.3%
Yield
$2M
TVL
Risk
D
Protocol
Beefy
Chain
Polygon
Gamma MATIC-ETH Market Making
49.5%
Yield
$2M
TVL
Risk
C
Protocol
Gamma
Chain
Polygon
Quickswap MATIC-ETH Market Making
3.5%
Yield
$1M
TVL
Risk
C
Protocol
QuickSwap
Chain
Polygon
Gamma ETH-USD Market Making
99.7%
Yield
$858K
TVL
Risk
D
Protocol
Gamma
Chain
Polygon
Beefy MATIC-ETH Market Making
66.6%
Yield
$332K
TVL
Risk
D
Protocol
Beefy
Chain
Polygon
Beefy CRV-Tricrypto Market Making
21.2%
Yield
$304K
TVL
Risk
D
Protocol
Beefy
Chain
Polygon
Beefy MATIC-Tricrypto Market Making
4%
Yield
$144K
TVL
Risk
D
Protocol
Beefy
Chain
Polygon
Clipper Tricrypto-MATIC Market Making
63.3%
Yield
$94K
TVL
Risk
D
Protocol
Clipper
Chain
Polygon

Get more from your crypto -
earn 15% yield or more

Start earningarrow_forward