Wrapped Ether (Gnosis)

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
Average
$3,796.20
6.43%
What is Wrapped Ether (Gnosis)?

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Information
Blockchain
  • Gnosis
Info
Key Metrics
  • Market Cap: $10.4B
  • Fully Diluted Valluation: $10.4B
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #9
  • Circulating Supply: 2,733,403
  • Total Supply: 2,732,879
  • Volume (24H): $1.1B
  • ATH: $4,799.89 (11/09/2021)
  • ATL: $82.10 (12/15/2018)
Risk Assessment
Average
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 OmniBridge, a protocol rated as Watch out.

Dependencies

OmniBridge

Asset Tokenomics

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

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WETH Pools
Aura ETH Market Making
5.5%
Yield
$8M
TVL
Risk
C
Protocol
Aura
Chain
Gnosis

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