Wrapped ADA WADA
$0.45965 1.86%
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Updated at 22:58$0
#5020
$13,428.1 35.77%
+$0.00856 1.86%
-$0.07187 15.64%
What about Wrapped ADA?
Wrapped ADA (WADA) is a tokenized representation of the ADA cryptocurrency on the Cardano blockchain, which allows ADA holders to access decentralized finance (DeFi) applications on other blockchain networks such as Ethereum. WADA is created by locking ADA into a smart contract and in return, users receive an equivalent amount of WADA tokens that can be used to interact with DeFi protocols on Ethereum. The WADA tokens can be redeemed for ADA at any time, and the transaction fees are paid in WADA tokens. WADA aims to bridge the gap between Cardano and other blockchain networks, providing users with more options and flexibility for their crypto assets.
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