Wrapped crypto refers to a cryptocurrency token that is “wrapped” in another blockchain’s standard so it can be used outside its native network . Think of it like putting a gift inside a box your gift (the original crypto) stays the same inside, but the box (the wrapper) allows it to fit in a different system. Example: Wrapped Bitcoin (WBTC) = Bitcoin represented as an ERC-20 token on Ethereum. This allows Bitcoin holders to use their BTC in Ethereum DeFi apps without selling it. How Does Wrapped Crypto Work? The process generally involves: Custodian (like BitGo) locks your original crypto in a secure vault. A smart contract mints the equivalent wrapped token on another blockchain. If you want your original coin back, the wrapped token is burned and the custodian releases your original crypto. Why is Wrapped Crypto Useful? Cross-chain compatibility – Lets you use Bitcoin, Ethereum, or other cryptos on different blockchains. Access to DeFi – Use non-Ethereum assets in...