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RT @ZAGABOND: In 2017, we (@0xProject) called on the Ethereum community to establish a canonical ERC20-compliant wrapped ETH token (WETH) i…

In 2017, we (@0xProject) called on the Ethereum community to establish a canonical ERC20-compliant wrapped ETH token (WETH) in the interest of standardization across dApps and safer smart contract conventions.

5 years later, the WETH contract has &gt;$4b in ETH! https://t.co/hsMOPBzrhK

Fun fact: WETH cannot ever go insolvent. Your WETH will always be swappable 1:1 with ETH.

The code and logic is quite simple. In fact, it only takes 60 lines of code to implement.

Here's a simple primer on how WETH works 🧵: https://t.co/kUsfreCrT8