Kryptopriser -Wrapped IoTex
wiotx
Wrapped IoTex
NOK 0.0264
NOK 0.0262NOK 0.0273
24h: -2.90%7d: -9.22%30d: -38.29%1y: -87.57%
NOK 0.0264
Wrapped IoTeX (wIOTX) is a tokenized version of IoTeX (IOTX) on the IoTeX blockchain. It facilitates the use of IOTX within decentralized applications (dApps) and various DeFi protocols operating on the IoTeX network, enhancing its interoperability and utility.
wIOTX maintains a 1:1 peg with native IOTX, meaning each wIOTX can be redeemed for one IOTX. This mechanism allows users to participate in the IoTeX ecosystem's DeFi offerings without directly interacting with the native coin's specific chain requirements for certain applications.
Holders of wIOTX can utilize it for various purposes within the IoTeX ecosystem, including providing liquidity to decentralized exchanges, participating in lending and borrowing protocols, and engaging with other dApps that support the wrapped token standard.