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Wrapped BNB
About Wrapped BNB
Wrapped BNB (WBNB) was created to enable Binance Coin (BNB) to be used within the Binance Smart Chain's DeFi ecosystem by making it BEP-20 compliant. This allows WBNB to interact with decentralised applications, smart contracts, and other tokens on BSC, significantly expanding its utility.
Wrapped BNB (WBNB) is a token that mirrors the value of Binance Coin (BNB) but operates on the Binance Smart Chain (BSC). Unlike BNB, which is native to Binance Chain, WBNB conforms to the BEP-20 standard, making it compatible with the various decentralised applications and smart contracts on BSC.
WBNB is essential for interacting with the Binance Smart Chain ecosystem. As BNB is not BEP-20 compliant, WBNB was created to bridge this gap, enabling seamless integration with decentralised applications, liquidity pools, and other tokens within BSC. This allows users to engage in activities such as staking, yield farming, and trading on decentralised exchanges.