Wrapped Flow (WFLOW) is an ERC-20 token representing Flow (FLOW) on Ethereum, enabling access to DeFi and dApps on the Ethereum blockchain. It was created by Wrapped.com, a partnership between Tokensoft and Anchorage, to increase FLOW's interoperability and utility across blockchain ecosystems.
Wrapped Flow (WFLOW) is an ERC-20 token that represents Flow (FLOW) on the Ethereum blockchain. It is created through a process where FLOW tokens are locked in a smart contract, and an equivalent amount of WFLOW is minted on the Ethereum network. This allows FLOW to be used in the Ethereum ecosystem, enabling access to Ethereum-based decentralised applications (dApps), decentralised finance (DeFi) protocols, and other blockchain functionalities.
WFLOW is used to bring the native Flow (FLOW) token into the Ethereum ecosystem. This enables holders of FLOW to participate in Ethereum-based DeFi protocols, such as lending, borrowing, and yield farming, and to trade on various decentralised exchanges (DEXs). By being an ERC-20 token, WFLOW provides more liquidity and utility for FLOW holders within the broader Ethereum ecosystem.