What is the difference between Wftm and FTM?

FTM, the native currency of the Fantom chain, serves a dual purpose within the ecosystem. Primarily, it is utilized for paying gas fees, facilitating seamless transactions across the network. Additionally, FTM contributes to the overall security of the Fantom blockchain, ensuring a robust and reliable infrastructure for users.

Introducing Wrapped Fantom (WFTM), a derivative of FTM designed to enhance interoperability within the decentralized finance (DeFi) space. WFTM is a wrapped version of FTM, enabling it to seamlessly integrate into various DeFi platforms and protocols, broadening its use cases and potential reach.

The concept of wrapping assets is gaining traction in the cryptocurrency realm, as it allows digital assets to maintain their inherent value while gaining new functionalities. In the case of WFTM, this translates to increased flexibility and accessibility for FTM holders looking to explore the vast opportunities offered by DeFi.

Specifically, WFTM enables FTM holders to participate in liquidity pools, earn yields on their holdings, and engage in a myriad of financial services previously inaccessible with FTM alone. This development underscores the growing importance of interoperability and the evolving landscape of the cryptocurrency industry.

BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of its users. Among these services are spot trading, futures trading, and a secure digital wallet, among others. These offerings provide a one-stop-shop for traders and investors looking to navigate the dynamic world of cryptocurrencies.