Cryptocurrency Q&A
Why does Uniswap use Weth?
Why does Uniswap use Weth?
Bianca
Thu Jan 23 2025
|
5
answers
1493
Uniswap uses WETH because it allows for increased liquidity on the Ethereum network. WETH, or Wrapped Ether, is an ERC-20 compatible version of Ether that enables it to interact with other ERC-20 assets. This facilitates easier trading and exchange on the decentralized platform.
5 answers
Tommaso
Fri Jan 24 2025
WETH stands for Wrapped Ethereum and is an ERC-20 token.
Was this helpful?
242
67
MysticInfinity
Fri Jan 24 2025
Tokens that can be swapped on the Uniswap Protocol must adhere to the ERC-20 standard.
Was this helpful?
168
94
EchoChaser
Fri Jan 24 2025
The ERC-20 standard is a technical specification for tokens on the Ethereum blockchain.
Was this helpful?
392
78
SkylitEnchantment
Fri Jan 24 2025
Ethereum (ETH) was created before the ERC-20 standard was established.
Was this helpful?
365
91
Stefano
Fri Jan 24 2025
To enable ETH to be swapped on Uniswap, WETH was developed.
Was this helpful?
326
79
