What is Wxdai

Article Summary, Automatically Generated By AI

Summary

  • Wrapped XDAI allows native blockchain coins like xDai to be converted to wrapped ERC20 tokens.
  • This conversion increases potential use cases for:
    • DEX applications
    • Swaps
    • DAO interactions

About Wrapped XDAI (WXDAI): A Bridge to the XDAI Ecosystem

Native blockchain coins, such as xDai, can be seamlessly converted into wrapped ERC20 tokens that coexist on the same chain, thereby exponentially expanding the potential use cases for decentralized exchange (DEX) applications, swaps, and decentralized autonomous organization (DAO) interactions.

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