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Wrapped ether.fi ETH (weETH)

Wrapped ether.fi ETH (weETH) represents tokens deposited into the on , a non-custodial and decentralized protocol. When users deposit into the , they receive tokens in return, which can be natively restaked for additional rewards. [1]

Overview

Wrapped (weETH) staking involves converting , a token representing with fluctuating balances, into weETH. This conversion ensures a constant token balance, suitable for protocols requiring fixed balances. The value of weETH is tied to through a share system reflecting the owner's and accrued rewards. Serving as a wrapped non-rebasing version of , Liquid Restaking Token, weETH enables users to earn native rewards, Rewards, and engage in other protocols. Wrapped tokens like weETH undergo balance changes through , , or transferring processes, eliminating automatic balance adjustments.[1] wiki

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Wrapped ether.fi ETH (weETH)

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May 30, 2024

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