About Wrapped XLM
WXLM is a wrapped version of Stellar's native cryptocurrency, XLM, designed to enable its use across different blockchain ecosystems. By representing XLM as a wrapped asset, it gains interoperability with decentralized finance (DeFi) protocols on networks such as Ethereum, Solana, and others, facilitating cross-chain liquidity and settlement. It serves to extend the utility of XLM beyond the Stellar network while maintaining a value pegged to the underlying asset.
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