multiversx

MultiversX Wrapped EGLD Token


What is the meaning of Wrapped EGLD Token?

xExchange gives a popup with this message Reclaim your EGLD and the value is equivalent with the Wrapped EGLD Token value and I don't know what that is.


Solution

  • There are 2 types of tokens on the MultiversX blockchain:

    Because EGLD is not an ESDT token, if you want to:

    In xExchange you can see this information under the Swap button:

    You will be asked to sign 2 transactions

    and under Balances, you can see Tokens > Wrapped EGLD with an Unwrap button. That amount was gained because the prices were fluctuating. If you unwrap it, you'll get EGLD.


    More details:

    Wrapped Tokens

    ... we're going to use ESDT to implement wrapped tokens, but how is the wrapping actually done? For that, we have the EgldEsdtSwap, a very simple SC, whose only purpose is to exchange 1:1 native eGLD to WrappedEgld ESDT tokens. You can also do the reverse operation at any time, which is known as unwrapping.