Checklist

• This is a term not already found in the glossary (for similar terms, please consider the benefits of a new term vs updating an existing term)
• This term/definition is not a product advertisement or contain other promotional content
• This term/definition is directly relevant to Ethereum

Term name

Wrapped Token

Term definition

Wrapped tokens are blockchain-based tokens that represent another cryptocurrency or asset on a different network. For example, Wrapped Ether (WETH) represents Ether (ETH) in a format that complies with Ethereum’s ERC-20 token standard. The original asset is securely locked by a smart contract, and an equivalent wrapped token is minted. This mechanism enables interoperability within and between blockchains, allowing assets like ETH to be used seamlessly in decentralized applications while retaining their value.

Sources, if any (please do not submit copyrighted content without appropriate approval)

No response

Ethereum.org links

Could link to an expanded explainer of WETH - https://ethereum.org/en/wrapped-eth/
And another link to ERC-20 Token Standard - https://ethereum.org/en/developers/docs/standards/tokens/erc-20/#prerequisites

Additional context

No response

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