Wrapped TRON (WTRX) is a [derivative] of TRON. It is used widely in many decentralized finance ([DeFi]) applications for different use cases, such as [providing liquidity], [token swaps], [margin trading] and others.
WTRX is a wrapped token that represents [TRON (TRX)] on the [Ethereum] network. [Wrapped tokens] are tokens that are pegged to another asset at a 1:1 ratio. They allow users to access different blockchains and ecosystems without having to convert their original tokens. For example, if you want to use TRX on Ethereum-based DeFi platforms, you can wrap your TRX into WTRX and use it as an [ERC-20] token. This way, you can enjoy the benefits of both networks without losing exposure to your original asset.
Tron’s vision is to bridge the gap between TRON and Ethereum and to enable more liquidity, [interoperability] and innovation in the DeFi space. WTRX aims to provide users with a seamless and secure way to access various DeFi protocols and services across different blockchains.
The company’s roadmap includes expanding its support for more blockchains and platforms, such as [BNB Chain], [Polygon], [Solana] and others. It also plans to launch more products and features, such as [lending], borrowing, [yield farming], [governance] and more.