Wrapped Ether (Polygon zkEVM)
WETH
WETH is a DeFi-compatible version of ETH. ETH is the native currency of the Ethereum chain used for gas fees and security.
Risk Rating
Best
Summary
Information
Blockchain
- Polygon zkEVM
Info
- Asset Type: ERC-20
Key Metrics
Risk Assessment
Best
Asset Strength
Wrapped 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 zkEVM bridge, a protocol rated as Good.
Asset Tokenomics
Wrapped ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Polygon zkEVM is backed 1:1 by ETH locked in the Polygon zkEVM 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.
Dependencies
Polygon zkEVM Bridge
Things to know about WETH
WETH Pools
