CoreDAO Bridged WETH (Core)Price

(WETH)

CoreDAO Bridged WETH is the official wrapped version of Ethereum (ETH) on the Core blockchain. It is created when users move ETH from the Ethereum mainnet to the Core network via the official Core Bridge. This asset allows users to utilize their ETH value within the Core ecosystem for decentralized finance (DeFi) activities, trading, and liquidity farming. While it is intended to maintain a 1:1 value ratio with native ETH, it exists as a bridged token backed by collateral locked on the Ethereum side.

The verified contract address for this token on the Core blockchain is 0xeab3ac417c4d6df6b143346a46fee1b847b50296. It is critical for users to use this specific address when importing the token into their digital wallets or interacting with decentralized applications. Always verify the contract details on the official Core block explorer, Core Scan, to ensure you are interacting with the authentic bridged asset and to avoid potential security risks.

Users can transfer WETH to the Core network using the official Core Bridge, which is powered by LayerZero technology. After connecting a compatible wallet like MetaMask, users select the source chain and bridge their WETH to the Core Mainnet. The same interface can be used to bridge assets back to the Ethereum mainnet. Note that when bridging back to Ethereum, you will need native ETH in your wallet to pay for gas fees to successfully claim your tokens on the destination chain.

This is often due to the wallet not being configured to show the asset. First, ensure you have added the Core Blockchain network to your wallet settings. Second, you must manually import the token using the official contract address. If the token still does not appear, check the transaction status on the block explorer. Cross-chain transfers usually take between 10 and 30 minutes, though network congestion on either the source or destination blockchain can occasionally cause further delays.

Transaction fees on the Core blockchain are paid using the native CORE token, not ETH or WETH. If you bridge WETH to Core but do not have any CORE tokens, you will be unable to perform swaps or move your funds. To resolve this, you can acquire CORE tokens from a supporting exchange like LBank and send them to your wallet address. Having a small amount of CORE is essential for any interaction with smart contracts or decentralized exchanges on the network.

While the bridge uses the reputable LayerZero protocol, all bridged assets carry inherent 'bridge risk.' The value of WETH on Core depends on the security of the bridge's smart contracts and the safety of the ETH locked on the Ethereum mainnet. If the bridge were compromised, the token could lose its parity with native ETH. Additionally, because the price on local decentralized exchanges is driven by liquidity, users should be aware of potential slippage during large trades.