Submitted by More_Ad_6196 t3_10jgq7h in explainlikeimfive
desferecat t1_j5kf5pr wrote
Reply to comment by More_Ad_6196 in eli5 - Wrapped tokens - crypto by More_Ad_6196
There's no loophole, you can use your ETH while also using WETH. When you're converiting ETH into WETH, you are essentially creating a new token that is tied to the value of ETH. So you can still use your original ETH while also using WETH. You can convert your ETH to WETH and back as needed. The original ETH will be locked up in the smart contract until you decide to convert.
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