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Summary of Wrapped POKT
- wPOKT is a tokenized version of Pocket (POKT) on the Ethereum (ETH) blockchain.
- Compliant with ERC-20 standard, allowing integration with Ethereum’s DeFi and DAO ecosystem.
- Backed by POKT at a 1:1 ratio via a network of validators.
- Allows decentralized and autonomous transfer of liquidity between POKT and ETH networks.
- wPOKT holders can bridge to Pocket Network blockchain to stake as node runner, validator, or application/gateway.
- Access to relay throughput provided by Pocket Network.
- Figures: 1:1 ratio
About Wrapped POKT (wPOKT)
Wrapped Pocket (wPOKT) is a tokenized iteration of Pocket (POKT), seamlessly integrated with the Ethereum (ETH) blockchain, thereby facilitating a harmonious coexistence of both ecosystems.
wPOKT is fully compliant with the ERC-20 standard, the fundamental benchmark for Ethereum blockchain compatibility, thereby ensuring seamless integration and interoperability with the vast ecosystem of DeFi and DAO tools and infrastructure native to Ethereum.
wPOKT is collateralized by POKT on a 1:1 basis, facilitated by a decentralized network of validators, thereby enabling seamless and autonomous liquidity transfer between the POKT and ETH networks.
WPOKT holders can leverage the bridging functionality to transfer their assets to the Pocket Network blockchain, thereby enabling them to participate as node runners, validators, or even application/gateway operators (following the forthcoming upgrade), and subsequently tap into the relay throughput facilitated by Pocket Network.