Wrapped Luna Classic (WLUNA) is an Ethereum token designed to represent Terra (LUNA) on the blockchain. It’s not LUNA but a distinct ERC-20 token created to track the value of LUNA. Wrapped Luna Classic was intended to allow LUNA holders to trade, hold, and engage in Ethereum-based decentralized finance (DeFi) dApps. 1 LUNA can be exchanged for 1 Wrapped Luna Classic through a Wrapped Luna Classic partner, and vice versa. The Idea Behind Wrapped LUNA Wrapped tokens can also be defined as a tokenized version of another coin that is usually tied to the value of the asset it represents.
The post Shady WLUNA Contract Bridge Spells Trouble for the Terra Luna Community appeared first on The Merkle News.
Powered by WPeMatico