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

Average

What is Wrapped ETH?

Ready to earn 15% yield or more with Exponential?

Invest

Information

Blockchain

Unichain

Info

Asset Type: ERC-20

Key Metrics

Risk Assessment

Average

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