Token Compatibility Development Tutorials, Guides & Insights
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Tutorial
ETH vs WETH: Understanding the Difference and Their Roles in Ethereum
- Users deposit ETH into a smart contract.
- The smart contract issues an equivalent amount of WETH.
- WETH can then be used within DeFi platforms and decentralized applications.
- To retrieve the original ETH, users can exchange their WETH back through the smart contract.
- The contract will burn the WETH and return the original ETH to the user.
Oct 24, 2024
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