In contrast to staked ether (stETH), or bridge protocols which let you “transport” tokens to totally different protocols (ie, sending Solana-based tokens to Ethereum through Wormhole), wETH doesn’t have a centralized entity. Immutable, open-source good contracts govern how wETH and ETH work together, and it’s easy to verify that the wETH contract is absolutely backed at any given second. There’s a threat that the good contracts behind wETH might be hacked.. WETH is pegged 1:1, and because of block explorers you possibly can simply validate this.
