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RE: Just got my 10K LEO back, cheers @Khal!

in LeoFinance6 months ago

Can you explain wrapped Leo to me in simplest way possible?

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It's essentially an ERC-20 (eth) version of the token so you can easily swap LEO into ETH.

As far as I'm aware WLEO is minted on the Ethereum chain but only released on that chain once you send LEO to the @wrapped-leo account.

There's more details here:

https://leofinance.io/hive-167922/@leofinance/what-is-wrapped-leo-wleo-or-liquidity-provider-incentives-and-project

Posted Using LeoFinance Beta

Ah makes sense.. thanks so much!!!

This thread by the team may also help with the usage side of things :)

Posted Using LeoFinance

Thanks @leovoter