Inhaltsverzeichnis
WETH Explained: Definition and How It Works
WETH is Wrapped Ether, an ERC-20 token pegged 1:1 to ETH. Wrapping locks ETH in a smart contract (e.g., via Uniswap's interface) and mints equivalent WETH; unwrapping burns WETH to release ETH. This process is instant on L2s (under 1 second) and costs 50,000-100,000 gas on mainnet, preserving value minus fees (average $5-20 during low congestion).



