Wrapped Ether (Scroll)
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
Good
Summary
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Information
Blockchain
- Scroll
Info
- Asset Type: ERC-20
Key Metrics
Risk Assessment
Good
Asset Strength
WETH is a large-cap asset that represents the protocol's native governance or utility token. This asset is exposed to the underlying risks of Scroll bridge, a protocol rated as Good.
Dependencies
Scroll bridge
Asset Tokenomics
WETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Scroll is backed 1:1 by ETH locked in the Scroll bridge protocol on the Ethereum chain.
Things to know about WETH