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ETH vs WETH: Understanding the Difference and Their Roles in Ethereum

Tutorial October 24, 2024

Wrapping ETH into WETH is a simple process that can be done through various decentralized exchanges or applications. Here’s a typical process:

  • 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.