WETH (Wrapped Ether)
Definition
Wrapped Ether (WETH) is a token that represents Ether 1:1 and conforms to the ERC-20 token standard, allowing it to be more easily traded, used in wallets, and deployed in smart contracts.
Context
WETH is used in the Ethereum ecosystem to enable trading on DEXs and usage in other ERC-20 compatible services, which do not natively support ETH.