# Wrapped Ether (WETH)

rotki decodes WETH deposit (wrap) and withdraw (unwrap) events so ETH and WETH movements appear as their underlying ETH transfer rather than confusing wrap/unwrap noise. You choose which RPC endpoint handles the queries.

## Features

- WETH deposit (wrap) and withdraw (unwrap) events decoded into the underlying ETH movement.
- WETH tracked as a token balance on the EVM chains rotki supports.

## Setup

1. In rotki, add your address under any EVM chain. WETH activity is decoded automatically.
2. Open History and let the initial sync run. WETH events are decoded automatically.

## FAQ

### Why does rotki convert WETH wraps to ETH movements?

From a cost-basis perspective WETH is ETH - wrapping or unwrapping is not a taxable event. rotki presents the underlying ETH movement to keep your event history readable.

### Which RPC does rotki use for WETH activity?

rotki is a local application that talks directly to the RPC endpoint you configure for each chain - the public default, a third-party provider, or your own node. Each query goes from your computer to that endpoint without passing through any rotki-operated server.