{"id":"polygon-pos-bridged-weth","title":"Polygon PoS Bridged WETH","content":"**Polygon PoS Bridged WETH** is a tokenized representation of [Ethereum](https://iq.wiki/wiki/ethereum) specifically designed for use on the [Polygon](https://iq.wiki/wiki/polygon) [Proof-of-Stake (PoS)](https://iq.wiki/wiki/proof-of-stake) network. It serves as a 1:1 pegged asset, allowing users to seamlessly transfer their [Ethereum](https://iq.wiki/wiki/ethereum)-based assets to [Polygon](https://iq.wiki/wiki/polygon)'s ecosystem to leverage its benefits, such as lower transaction fees and faster processing times, for [decentralized applications (dApps)](https://iq.wiki/wiki/decentralized-application) and [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) protocols. [\\[1\\]](#cite-id-1pPtu7KvE3)\n\n## Overview\n\nWETH on [Polygon](https://iq.wiki/wiki/polygon) acts as a crucial bridge between the [Ethereum](https://iq.wiki/wiki/ethereum) mainnet and the [Polygon](https://iq.wiki/wiki/polygon) PoS network, enabling greater interoperability and liquidity across these [blockchain](https://iq.wiki/wiki/blockchain) environments. By converting native [ETH](https://iq.wiki/wiki/ethereum) into [WETH](https://iq.wiki/wiki/weth-wrapped-eth) via the [Polygon](https://iq.wiki/wiki/polygon) PoS bridge, users gain access to a broader range of [DeFi](https://iq.wiki/wiki/defi) products and services available on [Polygon](https://iq.wiki/wiki/polygon), circumventing the high gas fees and network congestion often associated with the [Ethereum](https://iq.wiki/wiki/ethereum) base layer. This mechanism facilitates a more efficient and cost-effective user experience for engaging with the decentralized ecosystem [\\[1\\]](#cite-id-1pPtu7KvE3).\n\nThe design of WETH on [Polygon](https://iq.wiki/wiki/polygon) ensures that each token is fully backed by an equivalent amount of ETH locked on the [Ethereum](https://iq.wiki/wiki/ethereum) mainnet. This strict 1:1 peg is fundamental to maintaining user confidence and the asset's value parity with native Ether.\n\n## Tokenomics\n\nPolygon PoS Bridged WETH (Polygon POS) is a bridged version of [Wrapped Ether (WETH)](https://iq.wiki/wiki/weth-wrapped-eth) deployed on the [Polygon](https://iq.wiki/wiki/polygon) [Proof-of-Stake (PoS)](https://iq.wiki/wiki/proof-of-stake) network. The token maintains a market capitalization of approximately $416.97 million, placing it at rank #200 by market cap. The 24-hour trading volume stands at around $20.75 million, with the token trading between a high of $3,662.02 and a low of $3,524.22.\n\n### Governance\n\n[WETH](https://iq.wiki/wiki/weth-wrapped-eth) itself does not possess a direct, independent governance mechanism tied to the token. Instead, its operational parameters, security upgrades, and any changes to its usage are determined by the broader governance framework of the [Polygon](https://iq.wiki/wiki/polygon) network. Decisions concerning the [Polygon](https://iq.wiki/wiki/polygon) PoS bridge, including its upgrades, security protocols, and operational adjustments, are made by [Polygon](https://iq.wiki/wiki/polygon) validators and the [Polygon](https://iq.wiki/wiki/polygon) [Decentralized Autonomous Organization (DAO)](https://iq.wiki/wiki/dao). [\\[1\\]](#cite-id-1pPtu7KvE3) [\\[3\\]](#cite-id-F6xhGqSH6U)\n\nHolders of [Polygon](https://iq.wiki/wiki/polygon)'s native tokens, such as [MATIC](https://iq.wiki/wiki/matic) (which is transitioning to [POL](https://iq.wiki/wiki/matic)), are empowered to participate in governance votes on critical protocol issues. While WETH holders do not directly vote on these matters, they indirectly benefit from the decisions made by the [Polygon](https://iq.wiki/wiki/polygon) governance community, as these decisions impact the underlying infrastructure and security of the bridge that supports WETH [\\[1\\]](#cite-id-1pPtu7KvE3).\n\n### **MATIC to POL**\n\nPolygon’s transition from [MATIC](https://iq.wiki/wiki/matic) to [POL](https://iq.wiki/wiki/matic) represents a significant step in the network’s broader evolution. As part of ongoing infrastructure upgrades, POL replaces MATIC as the protocol’s native token, reflecting a shift toward enhanced scalability and governance. Despite this token migration, core assets like Polygon PoS Bridged WETH remain integral to the ecosystem. WETH continues to facilitate [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) operations and cross-chain liquidity, maintaining its role within [Polygon’s](https://iq.wiki/wiki/polygon) framework for [Ethereum](https://iq.wiki/wiki/ethereum) interoperability and ecosystem growth. [\\[1\\]](#cite-id-1pPtu7KvE3)","summary":"Polygon PoS Bridged WETH (WETH) is a tokenized version of Ether (ETH) on the Polygon Proof-of-Stake (PoS) network, enabling users to access dApps and DeFi with lower fees and faster transactions by bridging ETH 1:1.","images":[{"id":"QmSv9NoQG4w6SpXmMLq3wMPfaQhW2bBbRaCXN4sSp77JVz","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Polygon"}],"media":[{"id":"QmaZmpJgDvdPFoESdw2XSiEu46MZ19LkBnxMPzw1nkdy6e","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmdGTFzaXBTKr2UQ8kuMbVWVqsda5VVYcdL7293AM8SbL2","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmfEAgMxaKTHbW678izRREdUTeqFgWoJYaNfb8r1UC9uUw","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmTdcJ391eoTDfcrQWkKkui4UThG85ChnPkBweSy8uNjgr","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"1pPtu7KvE3\",\n    \"url\": \"https://www.findas.org/tokenomics-review/coins/the-tokenomics-of-polygon-pos-bridged-weth-polygon-pos-weth/r/SefWKbWNjE9MzA54Ck3dDp\",\n    \"description\": \"FinDaS Tokenomics Review\",\n    \"timestamp\": 1753367958157\n  },\n  {\n    \"id\": \"Ln6vfadWbZ\",\n    \"url\": \"https://www.coingecko.com/en/coins/polygon-pos-bridged-weth-polygon-pos/usd\",\n    \"description\": \"CoinGecko WETH Supply\",\n    \"timestamp\": 1753367958157\n  },\n  {\n    \"id\": \"F6xhGqSH6U\",\n    \"url\": \"https://blockworks.co/news/polygons-biggest-little-upgrade-matic-to-pol\",\n    \"description\": \"Blockworks Polygon Governance\",\n    \"timestamp\": 1753367958157\n  },\n  {\n    \"id\": \"2mERuRkW4Q\",\n    \"url\": \"https://www.findas.org/tokenomics-review/coins/the-tokenomics-of-polygon-pos-bridged-weth-polygon-pos-weth/r/SefWKbWKbWNjE9MzA54Ck3dDp\",\n    \"description\": \"FinDaS Tokenomics Review\",\n    \"timestamp\": 1753367958157\n  }\n]"},{"id":"website","value":"https://polygon.technology/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/polygon-pos-bridged-weth-polygon-pos"},{"id":"polygonscan","value":"https://polygonscan.com/token/0x7ceb23fd6bc0add59e62ac25578270cff1b9f619"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmPyMvnTp7C368QDxUhnX3vcReLevU7eEuTXp4r2SUsVij\""},{"id":"commit-message","value":"\"Content: Removed WETH Polygon intro, updated article ID, IPFS hash, and tags.\""},{"id":"previous_cid","value":"QmPyMvnTp7C368QDxUhnX3vcReLevU7eEuTXp4r2SUsVij"}],"events":[{"id":"a20cc502-4384-4eed-b44d-892e0826e474","date":"2021-01","title":"Introduction of WETH on Polygon PoS","type":"CREATED","description":"WETH was introduced on the Polygon PoS network, enabling Ethereum assets to be used with lower fees and faster transactions, marking a pivotal step in cross-chain interoperability.","link":"","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["polygon","ethereum"],"founders":["anon"],"speakers":[]}}