I'm confused about Uniswap's use of cryptocurrency. Specifically, I want to know if
Uniswap transactions involve the use of ETH or Weth. Can someone clarify this for me?
7 answers
CryptoChieftainGuard
Sun Jan 05 2025
ETH, however, was created before the ERC-20 standard was established.
Andrea
Sun Jan 05 2025
Swaps conducted on the
Uniswap Protocol have ETH as both their starting and ending point.
BlockProducer
Sun Jan 05 2025
During the process of these swaps, all ETH is converted into WETH.
KpopHarmony
Sun Jan 05 2025
To facilitate swaps with ETH on Uniswap, it is wrapped into WETH, which conforms to the ERC-20 standard.
DongdaemunTrendsetting
Sun Jan 05 2025
This conversion is necessary for tokens to be compatible with the
Uniswap Protocol.