Wrapped EGLD WEGLD

Wrapped EGLD is an ESDT token that has the same value as EGLD (Elrond Gold) and is used in the Maiar DEX smart contracts. It is created through a process called "wrapping" which converts native EGLD into WEGLD for use in transactions such as swaps and liquidity operations. This wrapping and unwrapping process is performed automatically to ensure a seamless user experience. The purpose of Wrapped EGLD is to enable the use of EGLD within smart contracts that cannot directly handle native EGLD.

Wrapped EGLD is unique compared to other cryptocurrencies because it is an ESDT token that has the same value as EGLD (native EGLD) and is used specifically in the Maiar DEX smart contracts. The purpose of Wrapped EGLD is to enable transactions such as swaps, adding or removing liquidity within these contracts. It serves as a bridge between native EGLD and the smart contracts, allowing for seamless interaction. The conversion from EGLD to WEGLD (Wrapped EGLD) and vice versa is performed automatically for a better user experience. Additionally, the team behind Wrapped EGLD has implemented measures such as burning WEGLD and adding missing EGLD to address any discrepancies in the token supply.