Not like staked ether (stETH), or bridge protocols which let you “transport” tokens to completely different protocols (ie, sending Solana-based tokens to Ethereum by way of Wormhole), wETH doesn’t have a centralized entity. Immutable, open-source sensible contracts govern how wETH and ETH work together, and it’s easy to substantiate that the wETH contract is absolutely backed at any given second. There’s a threat that the sensible contracts behind wETH could possibly be hacked.. WETH is pegged 1:1, and due to block explorers you may simply validate this.
