- An ERC-20 token that represents Ether at a 1:1 ratio. It allows users to trade ETH for ERC-20 tokens on decentralized platforms. Wrapped Ether is a standard ERC-20 token that is fully compatible with the Ethereum network and can be easily transferred and traded on decentralized exchanges, making it possible to use ETH in places where only ERC-20 tokens are accepted.
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