Wrapped eETH
WEETH
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
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AI Analysis
Comprehensive evaluation of the token
Wrapped eETH (WEETH) by Ether.fi has established itself as the dominant asset in the Liquid Restaking Token (LRT) sector, earning near-perfect marks for its security posture and market utility. The token solves critical DeFi compatibility issues through its non-rebasing design, allowing holders to access 'double yield' (Staking + Restaking) while utilizing their capital across major platforms like Aave and Pendle. The protocol is supported by a highly professional team, consistent development velocity, and a spotless audit history despite securing billions in TVL. While the inherent 'smart contract layering' risks of the restaking ecosystem necessitate a moderate risk classification, WEETH's massive liquidity moat, transparent governance, and technical execution make it a superior holding compared to standard WETH or traditional liquid staking tokens.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped eETH (WEETH)
Wrapped eETH (WEETH)
Wrapped eETH (WEETH) is an ERC-20 token that brings Ether (ETH) into the world of smart contracts and decentralized finance (DeFi). Each WEETH token is backed 1:1 by locked ETH, providing seamless interoperability with Ethereum-based dApps, liquidity pools, lending platforms, and decentralized exchanges (DEXs).
Key Features
- Collateralized 1:1 by ETH: Every WEETH token is redeemable for one Ether, ensuring price parity.
- ERC-20 Compatibility: Fully compliant with Ethereum token standards for broad DeFi integration.
- Instant Transfers: Fast on‐chain settlement with the security of Ethereum’s network.
- Audited Smart Contracts: Independently reviewed code for transparency and trust.
- Gas Efficiency: Optimized for lower transaction fees compared to native ETH in certain DeFi operations.
Use Cases
- Decentralized Exchanges (DEXs): Provide WEETH liquidity to trading pools on platforms like Uniswap and Sushiswap.
- Yield Farming & Staking: Earn rewards by staking WEETH in compatible liquidity mining programs.
- Lending & Borrowing: Use WEETH as collateral on money markets such as Aave or Compound.
- Cross-Chain Bridges: Transfer wrapped Ether to sidechains and Layer 2 networks.
Technical Specifications
- Token Name: Wrapped eETH
- Symbol: WEETH
- Standard: ERC-20
- Blockchain: Ethereum
- Decimals: 18
Wrapped eETH enables you to leverage the power of Ether in decentralized finance, unlocking new liquidity and yield opportunities across the Ethereum ecosystem.
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