WMATIC-Wrapped MaticDetailed Description

WMATIC-Wrapped Matic Detailed Description

Wrapped Matic represents a tokenized version of MATIC, the native cryptocurrency of the Polygon network, and is designed to promote its integration and use in the decentralized finance (DeFi) ecosystem. This adaptability allows users to stake their MATIC tokens on the Polygon network and thereby earn rewards while maintaining liquidity. Essentially, it bridges the gap between the need to stake tokens for network support and the desire to participate in DeFi activities without locking up assets.