Matic and its wrapped ERC-20 representation.
To put it simply, wMATIC is “wrapped MATIC”, but before we get into that, let’s begin by introducing some core concepts:
First, there’s the MATIC token
Though it was originally built on the Ethereum blockchain, MATIC is the native currency of the Polygon Network.
Second, there are alt tokens
When a dApp (or decentralized application) is built on Polygon, Ethereum, or numerous EVM-compatible blockchains, the dApp usually implements its own form of token. For example, think of 99Starz STZ token, or QuickSwap’s QUICK token.
Read the full article on our official blog here: https://blog.quickswap.exchange/posts/what-tf-is-wmatic
Make sure to join QuickSwap on all social media channels to stay up-to-date and in-the-know on all things QuickSwap — the Polygon ecosystem’s leading DEX.