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Wrapped Luna Token (LUNAAUSD) RSS Feed

Followers
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Posts (Total)
192
Created
05/14/22
Type
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The difference between LUNA and wrapped LUNA

Both LUNA and wrapped LUNA (WLUNA) are interchangeable and will hold the same value. LUNA is a token that exists on the Terra network, while wrapped LUNA (WLUNA) is an ERC20 token that is used to represent LUNA on the Ethereum network.

You can view this updated video guide for more information:
https://youtu.be/mmUAlqMcLxI

 

LUNA is native to the Terra network, which is a separate blockchain network from the Ethereum (ERC20) network. As such, native LUNA will not be compatible with ERC20, so you won’t be able to send native LUNA to an ERC20 deposit address.

This is similar to how the Bitcoin network is not compatible with the ERC20 networkso you can’t add BTC to wallets like Metamask.

As such, wrapped LUNA is a representation of LUNA on the ERC20 networkwhich can be added to Metamask.

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