Crossing Chains With Wrapped Tokensby@yellownetwork

Crossing Chains With Wrapped Tokens

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Wrapped tokens are designed to bridge the fragmented pieces of the crypto market and solve the well-known problem of cross-chain interoperability. Wrapping tokens are a digital replica of a crypto asset (let’s take BTC for example) that is created on another blockchain non-native for this asset. Wrapped token is a kind of “mirror” of a digital asset that reflects its same amount (i.e., 1:1) and real-time price fluctuations. Wraps tokens are equivalent representations of the original assets, unlocking for their holders the exposure to more markets and, therefore, more earning opportunities.

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