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Wrapped ETH

ETH on Unichain is backed 1:1 by ETH locked in the Unichain 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.

Risk Rating

Good

What is Wrapped ETH?

Information

Blockchain

Unichain

Info

Asset Type: ERC-20

Key Metrics

Risk Assessment

Good

Asset Strength

Wrapped ETH is a large-cap asset that represents the blockchain's native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Unichain bridge, a protocol rated as Average.

Dependencies

Unichain bridge

Asset Tokenomics

Wrapped ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Unichain is backed 1:1 by ETH locked in the Unichain 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.

Things to know about Wrapped ETH

Wrapped ETH Pools

Morpho-Gauntlet ETH Lending

Wrapped ETH

2.9%

Yield

$7M

TVL

Risk

Protocol

Morpho