RE: Just got my 10K LEO back, cheers @Khal!
(Edited)
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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:
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Ah makes sense.. thanks so much!!!