Wrapped token
In short: A token representation of another asset under a specific issuance or backing arrangement.
A token representation of another asset under a specific issuance or backing arrangement. The representation can introduce risks absent from holding the original asset directly. Identify the issuer or mechanism, the network-specific token and the conditions for conversion or redemption where relevant. A similar ticker does not establish equivalence. A recipient can support the original asset while not accepting the wrapped representation you intend to send.