Wrapped POKT (wPOKT) is a tokenized version of Pocket (POKT) that runs on the Ethereum (ETH) blockchain.
wPOKT is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated and interoperable with Ethereum's ecosystem of DeFi and DAO tooling and infrastructure.
wPOKT is backed by POKT at a 1:1 ratio via a network of validators, allowing users to transfer liquidity between the POKT and the ETH networks in a decentralized and autonomous manner.
Holders of wPOKT can bridge it over to the Pocket Network blockchain to stake as a node runner, validator or directly as an application/gateway (after the upcoming upgrade) to access the relay throughput that Pocket Network provides.